Abstract
Regional Comprehensive Economic Partnership (RCEP) aims to strengthen
the economy and the free trade agreement among 10 ASEAN member states (Brunei
Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines,
Singapore, Thailand, and Vietnam) and five partner states (China, Japan, South Korea,
Australia, and New Zealand). One of the ways to improve economic growth is to
enhance the investment sector into start-ups and SMEs. Peer-to-peer lending platforms
exist to ease the mechanism of funds lending and borrowing from investors to start-ups
and SMEs. Currently, the rise of P2P lending, particularly in RCEP member states, has
boosted the economic growth and development of technology. The government
assistance in setting up the regulation regarding the mechanism of P2P lending has
been carried out in order to create a clean and transparent practice of P2P lending
among borrowers and lenders. Therefore, this chapter describes the introduction of
RCEP member states and P2P lending and the mechanism for adopting P2P lending
platforms in RCEP member states. P2P is indeed a platform that RCEP members can
practice. However, the risks must be considered and addressed in order to prevent
threats to their economic growth.