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A call to the boss: Indonesia contends with aggressive Chinese online lenders
September 21, 2018 4:12 AM EDTBy Fanny Potkin, Shu Zhang and Tabita Diela
JAKARTA/BEIJING (Reuters) - Indonesian authorities have generally opened their arms to fintech companies offering online loans in Southeast Asia's biggest economy, viewing them as a way of getting credit to tens of millions of people often unable to access bank lending.
But the arrival of a wave of predominantly Chinese fintech lenders, who often do not register and employ aggressive debt collection practices, is now alarming regulators.For Chinese platforms, Indonesia's youthful market of over 260 million people is an attractive target, particularly after a crackdown on the loosely regulated... More
