At present, P2P lending is partially or fully regulated in Australia, Argentina, Canada (Ontario), New Zealand, the U.K., France, Germany, Italy, and the U.S. while it is banned in Israel and Japan. China has the largest P2P market in the world, with hundreds of platforms offering diverse services. The industry recorded transactions valued at $445 billion in 2017 and is currently not regulated. In a move to crack down on the segment, a new ‘record filing’ system was enforced in April 2018. A lack of clarity about the system has raised the levels of apprehension in the market. The South Korean government is expected to announce measures to tackle abusive and deceptive peer-to-peer (P2P) lending practices amid a rise in the number of fraud cases being reported in the sector.

Digital-world consumers expect banks to securely step up their technology game


Traditional banks must evaluate their place within the payments ecosystem and be open to partnering with FinTechs and third-party developers to drive value collaboratively.

Collaborative Payments Ecosystem Boosts Customer Centricity


Structural changes are spurring payments industry participants to evaluate the future of the business as well as their role in the months and years ahead.

New payments ecosystem key enablers


The Payment Services Directive 2 or PSD2 has been in full force for more than six months, and its impact is being felt not just in the European Union, but across the globe – with several markets, such as Singapore, Australia, and Nigeria, as well as Hong Kong announcing open banking initiatives inspired by the PSD2


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