Proceedings of the 1st International Conference on Social Environment Diversity (ICOSEND 2024)

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Legal Challenges and Opportunities in Peer-to-Peer Lending: Ensuring Financial Diversity and Sustainability in the Digital Economy

Authors
Nurhilmiyah1, *, Hasim Purba1, Zulkarnain Sitompul2, Tengku Keizerina Devi Azwar1
1Universitas Sumatera Utara, Medan, Indonesia
2Universitas Indonesia, Depok, Indonesia
*Corresponding author. Email: nurhilmiyah@students.usu.ac.id
Corresponding Author
Nurhilmiyah
Available Online 28 February 2025.
DOI
10.2991/978-2-38476-366-5_45How to use a DOI?
Keywords
Legal challenges; opportunities; peer to peer lending; digital economy
Abstract

Peer-to-peer lending as part of fintech has grown rapidly in the digital economy era, offering a more inclusive and flexible financing alternative. While peer to peer lending provides an opportunity to promote financial diversity and inclusion, legal challenges remain an obstacle to realizing the platform’s full potential. This article examines the legal challenges faced by the peer to peer lending sector, including regulatory ambiguity, consumer protection, data security risks, and cross-jurisdictional compliance issues. Additionally, this article explores the opportunities offered by adaptive regulation and collaboration between stakeholders to create a legal environment that supports the sustainability of the sector. With a comprehensive analysis of the legal framework and recent developments, this article offers insights into how peer-to-peer lending can evolve sustainably, while ensuring consumer protection and market stability. These findings are expected to make a significant contribution to the development of legal policies that support technological innovation in financial services.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 1st International Conference on Social Environment Diversity (ICOSEND 2024)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
28 February 2025
ISBN
978-2-38476-366-5
ISSN
2352-5398
DOI
10.2991/978-2-38476-366-5_45How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Nurhilmiyah
AU  - Hasim Purba
AU  - Zulkarnain Sitompul
AU  - Tengku Keizerina Devi Azwar
PY  - 2025
DA  - 2025/02/28
TI  - Legal Challenges and Opportunities in Peer-to-Peer Lending: Ensuring Financial Diversity and Sustainability in the Digital Economy
BT  - Proceedings of the 1st International Conference on Social Environment Diversity (ICOSEND 2024)
PB  - Atlantis Press
SP  - 486
EP  - 493
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-366-5_45
DO  - 10.2991/978-2-38476-366-5_45
ID  - 2025
ER  -