A Comparison Peer to Peer Lending Platforms in Singapore and Indonesia (original) (raw)

The purpose of this study is to compare peer-to-peer (P2P) lending in Singapore and Indonesia in the type of platform, consumer behavior and the regulation of implementation of borrowing and investment. This study uses a qualitative approach because the method used is interpretive that allows a lot of data in reviewing the problems. The result of the research stated that P2P lending platform between Singapore and Indonesia has similarity. There are no significant different things. But the behavior of societies is different, in Indonesia the use P2P more for consumptive things because the community is no habit to save, while in Singapore, P2P for making an important, yet time-sensitive and urgent purchase. The government rules in Singapore have been already conducive, supported by the transactions of Fintech are more transparent. While in Indonesia, there is still confused about Fintech’s perception; some claim the permission from the Minister of Finance, whereas the truth is through...