The tax revenue from the digital economy sector in Indonesia reached 27.85 trillion IDR (1.75 billion USD) from 2022 to the end of August 2024, according to the Taxation Directorate General under the country’s Finance Ministry.

Peer-to-peer (P2P) lending companies expect that the sandbox for fintech would eliminate unscrupulous businesses and help the market grow significantly.

With peer-to-peer lending becoming increasingly popular in Vietnam, experts said a legal framework is needed to regulate the activity to prevent loan-sharking.

The banking sector has defined its responsibility in deploying measures to enable people to get access to official credit for business and production activities.