This paper purports to study the enormous proliferation of fintech online peer-to-peer (P2P) lending in Indonesia, along with their risks and the prevailing regulations of fintech online P2P lending. This article also suggests a varied spectrum of regulatory actions for regulating online P2P lending as an approach to increase consumer protection and stimulate the growth of Indonesia’s financial inclusion. It highlights the regulative risks and challenges of fintech online P2P lending in Indonesia and has discovered various spectra of regulatory responses that the Indonesian government can practise to regulate this potential industry. Solid recommendations were also given to regulators to better develop the present regulatory framework. This paper adds to the literature on the prevailing practice of online P2P lending by offering a legal outlook involving legal protection and the newly emerging fintech industry from an Indonesian context.

本文旨在研究印度尼西亚金融科技在线点对点 (P2P) 借贷的大幅增长、其风险以及金融科技在线 P2P 借贷的现行法规。本文还建议采取各种监管行动来监管在线 P2P 借贷，以此作为加强消费者保护和刺激印度尼西亚金融包容性增长的一种方法。它强调了印度尼西亚金融科技在线 P2P 借贷的监管风险和挑战，并发现了印度尼西亚政府可以采取的各种监管应对措施来监管这一潜在行业。还向监管机构提出了切实可行的建议，以更好地制定现有的监管框架。本文通过提供涉及印度尼西亚背景下的法律保护和新兴金融科技行业的法律展望，补充了有关在线 P2P 借贷盛行实践的文献。