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Indonesia Peer-to-Peer Lending Market is Expected to Reach IDR 430 Trillion in Terms of Credit Disbursed by 2024: Ken ResearchGURUGRAM, India, Sept. 16, 2019 /PRNewswire/ --
 Growth in E-commerce: The growth in the Loan Disbursement by Peer-to-Peer Lending platform operators will be driven by growth in internet and mobile phone penetration across remote areas in Indonesia. The demand for funding will increase as more customers turn to e-commerce for their consumption needs, thereby increasing seller activity and hence an increase in need for working capital funding. Indonesia's e-commerce roadmap aims to improve the e-commerce market and lead to adoption of digital technology. Entry of Peer-to-Peer Lending Players: With more than 100 platforms currently registered with the OJK and more than 100 still in pipeline to obtain registration, the loan disbursement is set to increase in the coming years owing to reaching a wider borrower base. The Sandbox testing mechanism introduced by OJK to test operational reliability against fraud and platform breakdown due to technological failures will help these platforms gain regulatory and operational acceptance. Partnership with Banks and Financial Institutions: To tackle the disadvantage of lack of depositor's base like banks, Peer-to-Peer lending platforms will continue to look to collaborate and partner with major financial institutions and banks to gain access to a larger capital base to cater to the demand of borrowers. Banks are set to gain from these partnerships by reaching out to a wider borrower base, reduce costs related to credit assessment by outsourcing such activities to the platform operators. The market for Peer-to-Peer lending has grown at a significant growth rate during the period CY'2016-CY'2018. The industry is still in the emerging phase. With stricter norms kicking in due to OJK regulations and improved connectivity in mobile phones and internet penetration, the market would increase further as newer geographies will be catered. The market for Peer-to-Peer lending would increase further for the period CY'2019E-2024E. With the Indonesian government rolling out an e-Commerce roadmap, aided by adoption of digital technology, more borrowers and lenders are set to participate in the Peer-to-Peer lending market. Analysts at Ken Research in their latest publication "Competition Benchmarking: Indonesia Peer-to-Peer Lending Market Outlook to 2024" believe growth in e-commerce activity driving seller activity, adoption, and integration of digital technology with e-commerce, entry of new platform operators and their ability to cover a wider geography, improvement in internet and mobile phone penetration and increased participation of banks and financial institutions are some of the factors that will drive the market to register a near 50% CAGR in terms of loan disbursement for the period 2019-2024. Key Segments Covered
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