IDEAS home Printed from https://ideas.repec.org/a/tec/journl/v9y2020i1p678-682.html

Issues in Fintech Regulation: What can Peru learn from other countries?

Author

Listed:
  • Maria Gabriela Coloma

    (BCP)

Abstract

Today, Peru is witnessing an exponential growth in Fintech, both in number local start-ups being founded and international scale-ups arriving to the country. However, the lack of government regulation on the topic slows down the growth of Fintech because it depletes such industry of consumer and investor confidence. This research aims to explore what regulatory framework Peru should adopt as a response to the unstoppable growth in Fintech within the nation. The study takes a comparative approach, analyzing Fintech regulation in three different countries: Mexico, Brazil and the United Kingdom. The study finds that Peru should follow Brazil´s footsteps in enacting strong, detailed and strict regulation which will result in improving local consumer trust and in attracting foreign investment into the Peruvian Fintech industry. Plus, the study suggests that Peru should centralize Fintech regulation with one single authority, such as the Financial Conduct Authority in the case of the United Kingdom.

Suggested Citation

  • Maria Gabriela Coloma, 2020. "Issues in Fintech Regulation: What can Peru learn from other countries?," Technium Social Sciences Journal, Technium Science, vol. 9(1), pages 678-682, July.
    • Handle: RePEc:tec:journl:v:9:y:2020:i:1:p:678-682
    as

    Download full text from publisher

    File URL: https://techniumscience.com/index.php/socialsciences/article/download/1120/406
    Download Restriction: no
    File URL: https://techniumscience.com/index.php/socialsciences/article/view/1120
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Naoko Nemoto & Bihong Huang & David Storey, 2019. "Optimal Regulation of P2P Lending for Small and Medium-Sized Enterprises," Working Papers id:12964, eSocialSciences.
    2. repec:wbk:wbpubs:32437 is not listed on IDEAS
    3. Naoko Nemoto & Bihong Huang & David Storey, 2019. "Optimal Regulation of P2P Lending for Small and Medium-Sized Enterprises," ADBI Working Papers 912, Asian Development Bank Institute.
    4. repec:wbk:wbpubs:30435 is not listed on IDEAS
    5. Pelin Berkmen & Ms. Kimberly Beaton & Mr. Dmitry Gershenson & Mr. Javier Arze del Granado & Kotaro Ishi & Miss Marie S Kim & Emanuel Kopp & Mrs. Marina V Rousset, 2019. "Fintech in Latin America and the Caribbean: Stocktaking," IMF Working Papers 2019/071, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Junhong Yang & Yu Wu & Bihong Huang, 2020. "Digital Finance and Financial Literacy: An Empirical Investigation of Chinese Households," ADBI Working Papers 1209, Asian Development Bank Institute.
    2. Ram D. Gopal & Xiao Qiao & Moris S. Strub & Zonghao Yang, 2025. "Gaining a Seat at the Table: Enhancing the Attractiveness of Online Lending for Institutional Investors," Information Systems Research, INFORMS, vol. 36(1), pages 326-343, March.
    3. Chen Ding & Deakin Simon & Johnston Andrew & Wang Boya, 2025. "Too Much Technology and Too Little Regulation? The Spectacular Demise of P2P Lending in China," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 15(3), pages 347-394.
    4. Kamilė Taujanskaitė & Eugenijus Milčius, 2022. "Accelerated Growth of Peer-to-Peer Lending and Its Impact on the Consumer Credit Market: Evidence from Lithuania," Economies, MDPI, vol. 10(9), pages 1-17, September.
    5. Zhaoqing Sun & Jianxu Liu & Roengchai Tansuchat, 2023. "China’s Digital Economy and Enterprise Labor Demand: The Mediating Effects of Green Technology Innovation," Sustainability, MDPI, vol. 15(15), pages 1-24, July.
    6. Funke, Michael & Li, Xiang & Tsang, Andrew, 2019. "Monetary policy shocks and peer-to-peer lending in China," BOFIT Discussion Papers 23/2019, Bank of Finland Institute for Emerging Economies (BOFIT).
    7. Chen, Xiao & Huang, Bihong & Shaban, Mohamed, 2022. "Naïve or sophisticated? Information disclosure and investment decisions in peer to peer lending," Journal of Corporate Finance, Elsevier, vol. 77(C).
    8. Arif Perdana & Pearpilai Jutasompakorn & Sunghun Chung, 2023. "Shaping crowdlending investors’ trust: Technological, social, and economic exchange perspectives," Electronic Markets, Springer;IIM University of St. Gallen, vol. 33(1), pages 1-17, December.
    9. Funke, Michael & Li, Xiang & Tsang, Andrew, 2019. "Monetary policy shocks and peer-to-peer lending in China," BOFIT Discussion Papers 23/2019, Bank of Finland Institute for Emerging Economies (BOFIT).
    10. Julia Bersch & Jean François Clevy & Naseem Muhammad & Mrs. Esther Perez Ruiz & Mr. Yorbol Yakhshilikov, 2021. "Fintech Potential for Remittance Transfers: A Central America Perspective," IMF Working Papers 2021/175, International Monetary Fund.
    11. Yidi Liu & Xin Li & Zhiqiang (Eric) Zheng, 2024. "Consequences of China’s 2018 Online Lending Regulation and the Promise of PolicyTech," Information Systems Research, INFORMS, vol. 35(3), pages 1235-1256, September.
    12. Mohammad Tarique & Zia Malik, 2025. "Asymmetric Impact of Digital Finance on Poverty and Income Inequality Using NARDL Approach: Evidence from Indonesia," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(5), pages 16211-16236, November.
    13. Sigitas Siaudinis, 2019. "Digital Currencies and Central Banking: A Sense of Déjà Vu," Bank of Lithuania Occasional Paper Series 26, Bank of Lithuania.
    14. Sergio Luis Náñez Alonso & Miguel Ángel Echarte Fernández & David Sanz Bas & Jarosław Kaczmarek, 2020. "Reasons Fostering or Discouraging the Implementation of Central Bank-Backed Digital Currency: A Review," Economies, MDPI, vol. 8(2), pages 1-27, May.
    15. Yang, Junhong & Wu, Yu & Huang, Bihong, 2023. "Digital finance and financial literacy: Evidence from Chinese households," Journal of Banking & Finance, Elsevier, vol. 156(C).
    16. Pierre Nguimkeu & Cedric Okou, 2021. "Leveraging digital technologies to boost productivity in the informal sector in Sub‐Saharan Africa," Review of Policy Research, Policy Studies Organization, vol. 38(6), pages 707-731, November.
    17. Bejar, Pablo & Ishi, Kotaro & Komatsuzaki, Takuji & Shibata, Ippei & Sin, Jasmin & Tambunlertchai, Suchanan, 2022. "Can Fintech Foster Competition in the Banking System in Latin America and the Caribbean?," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 3(2).
    18. Álvarez-Gamboa, Javier & Cabrera-Barona, Pablo & Jácome-Estrella, Hugo, 2023. "Territorial inequalities in financial inclusion: A comparative study between private banks and credit unions," Socio-Economic Planning Sciences, Elsevier, vol. 87(PA).
    19. Alexandra Horobet & Irina Mnohoghitnei & Emanuela Marinela Luminita Zlatea & Lucian Belascu, 2022. "The Interplay between Digitalization, Education and Financial Development: A European Case Study," JRFM, MDPI, vol. 15(3), pages 1-23, March.
    20. Li, Zongyuan & Li, Jingya & Chang, Xiao, 2024. "Market uncertainties and too-big-to-fail perception: Evidence from Chinese P2P registration requirements," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 95(C).

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tec:journl:v:9:y:2020:i:1:p:678-682. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tasente Tanase The email address of this maintainer does not seem to be valid anymore. Please ask Tasente Tanase to update the entry or send us the correct address (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.