Peer-to-Peer Lending in Indonesia, Malaysia and Singapore

DIGITS-MoECRT Basic Research

P2P Lending is also known as an alternative to loans through official institutions such as banks, cooperatives, credit services, government and so on which the process is much more complex. The conveniences offered and the increasing scale of the P2P Lending cause some risk that the possibility of one of them is the risk of credit defaults (Non-Performing Loan). To tackle this challenge, P2P Lending company has to use credit scoring, as credit score is a summary of a person’s creditworthiness and the prediction of the likelihood of default on these loans (Hurley and Adebayo, 2017). So that credit scoring is a tool or system to determine a person’s credit score. The debtor’s credit score can be used to determine the profitability and stability of financial institutions and be a key process in minimizing credit risk (Ganopoulou et al, 2013). Research conducted by a team lead by Dini Rosdini attempts to gain an understanding about the development of P2P Lending in Indonesia, Malaysia and Singapore, the regulations of P2P in Indonesia, Malaysia and Singapore and the credit scoring method that is used in Indonesia, Malaysia and Singapore. This team consists of Ersa Tri Wahyuni, Prima Yusi Sari, Hedya Masitha, Elizabeth Dyah Larasati, and Dicky Arie Sandy. The data gathered through desk study on each sample’s website and the regulations surround P2P lending ecosystem in Indonesia, Malaysia, and Singapore. The results of this research are a matrix of variables used by P2P lending companies in their credit scoring mechanism and a list of the P2P lending regulation differentiation among these countries.

Research Team

Dr. Dini Rosdini

Principal Investigator


Ersa Tri Wahyuni, SE, M.Acc, Ph.D., CA, CPMA, CPSAK
Prima Yusi Sari, SE., ME., Ak
Hedya Masitha, SE.
Elizabeth Dyah Larasati SE
Dicky Arie Sandy SE


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