Determinants of Peer-to-Peer Lending Expansion: The Roles of Financial Development and Financial Literacy

To explore the determinants of global peer-to-peer (P2P) lending expansion, this study examines factors that impact P2P using a sample 62 economies over period 2015–2017. We find greater financial institutions efficiency, higher literacy, and less access to formal services are positively related with expansion lending. This paper provides empirical evidence effects development literacy on different between emerging advanced economies. also present better information technology infrastructure high new business density associated lending, suggesting physical is an essential prerequisite for it, while more likely happen in dynamic environments.