BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

PUBLISHER

Liburkina L. M.

SITE SECTIONS

The P2P Crediting as an Innovative Tool for Credit Market Development: The Foreign Experience and Opportunities for Ukraine
Matseliukh Y. V.

Matseliukh, Yuliia V. (2022) “The P2P Crediting as an Innovative Tool for Credit Market Development: The Foreign Experience and Opportunities for Ukraine.” Business Inform 9:82–87.
https://doi.org/10.32983/2222-4459-2022-9-82-87

Section: Finance, Money Circulation and Credit

Article is written in Ukrainian
Downloads/views: 1

Download article (pdf) -

UDC 336.7

Abstract:
In today’s conditions, when small and medium-sized businesses need significant financial investment support in Ukraine, it is P2P plaffers that can act as an effective credit tool that will represent an alternative to existing banks. Over the world, P2P and P2B ecosystems have already been created, standardized and are actively used to stimulate the economy. The purpose of the article is to study the foreign experience in the development of the Peer-to-Peer (P2P) crediting system to isolate and further take into account the possible potentially positive and negative effects of the promotion and distribution of P2P platforms in the financial market in Ukraine. P2P crediting is considered as one of the fastest growing forms of investment without the participation of credit institutions, but which is currently experiencing a legal vacuum due to the lack of special regulations that will establish the legal status, rights, obligations, responsibilities and guarantees of participants in mutual financing. The formation of peer-to-peer crediting in some countries, such as Great Britain, the USA, China, Sweden, Germany, Spain, Estonia, is analyzed. Based on the carried on analysis, it was determined that abroad the P2P crediting system is in the state of constant development. As a result of the study, it was determined that this type of crediting has good prospects for development in Ukraine. The main proposals for accelerating the paces of development of P2P crediting are highlighted as follows: creating a stable and balanced regulatory framework; continuation of work to improve the financial literacy of the population (in terms of awareness of P2P crediting); creation of incentives for cooperation of traditional financial institutions with crowdlanding platforms in order to increase the level of cooperation and interaction of financial market participants.

Keywords: peer-to-peer crediting, crowdfunding, crowdlanding, peer-to-peer crediting, online platforms.

Bibl.: 17.

Matseliukh Yuliia V. – Postgraduate Student, Department of Financial Markets and Technologies, State Tax University (31 Universytetska Str., Irpin, Kyiv region, 08205, Ukraine)
Email: [email protected]

List of references in article

Dubyna, M. V., Zhavoronok, A. V., and Savchuk, D. H. “Svitovyi dosvid rozvytku pirynhovoho (R2R) kredytuvannia“ [Worldwide Peer-to-Peer (P2P) Lending Experience]. Prychornomorski ekonomichni studii, no. 45 (2019): 145-151. DOI: https://doi.org/10.32843/bses.45-27
Zarutska, O. P., and Syniuk, A. O. “Mizhnarodnyi dosvid ta vitchyzniana praktyka rozvytku platform R2R-kredytuvannia: problemy ta perspektyvy“ [International Experience and Domestic Practice of P2P Lending Platforms Development: Problems and Prospects]. Visnyk Dnipropetrovskoho universytetu. Seriia «Ekonomika», vol. 1, no. 11 (2017): 118-123.
“Kak FinTech-segment menyayet bankovskiy rynok“ [How the FinTech Segment Is Changing the Banking Market]. Vsemirnyy obzor FinTech. https://www.pwc.ru/ru/banking/ publications/fintech-changes.pdf
Khrapkina, V. V. et al. Kontsepty innovatsiinoho rozvytku pidpryiemnytstva [Concepts of Innovative Business Development]. Kyiv, 2018.
Kuzmuk, I. Ya., and Hubatiuk, I. V. “Zarubizhnyi dosvid formuvannia rehuliatornoho mekhanizmu R2R-kredytuvannia“ [Foreign Experience of the Regulatory Mechanism Formation for Peer-to-Peer (P2P) Lending]. Naukovyi visnyk Uzhhorodskoho natsionalnoho universytetu. Seriia «Mizhnarodni ekonomichni vidnosyny ta svitove hospodarstvo». 2018. http://www.visnyk-econom.uzhnu.uz.ua/archive/19_2_2018ua/15.pdf
Petrushenko, Yu. M. “Novitni pidkhody do finansuvannia rozvytku mistsevykh hromad: vid rekonizmu do P2P-kredytuvannia“ [The Newest Approaches to Financing the Development of Local Communities: From Recon to P2P Lending]. Visnyk Ukrainskoi akademii bankivskoi spravy. 2014. https://essuir.sumdu.edu.ua/bitstream-download/123456789/52989/1/Petrushenko_microcredit_rekonizm.pdf
“«PryvatBank» zapustyt analoh kraudfandynhovoi platformy“ ["PrivatBank" Will Launch an Analogue of the Crowdfunding Platform]. https://hmarochos.kiev.ua/2016/03/14/privatbank-zapustit-analog-kraudfandingovoyi-platformi/
“P2P kredytuvannia. Shcho tse take i chy pratsiuie vono v Ukraini?“ [P2P Lending. What Is It and Does It Work in Ukraine?]. https://finance.ua/ua/credits/r2r-kreditovanie
Strilchuk, Yu. I. “Innovatsiini pidkhody do bankivskoho kredytuvannia naselennia“ [Innovative Approaches to Bank Lending to Individuals]. Ekonomika i suspilstvo. 2017. https://economyandsociety.in.ua/journals/8_ukr/114.pdf
Tarasiuk, M. V., and Koshcheiev, O. O. “Innovatsii v hlobalnii tsyfrovii finansovii sferi: otsinka transformatsii“ [Innovations in the Global Digital Financial Sector: Estimation of Transformations]. Aktualni problemy mizhnarodnykh vidnosyn, no. 131 (2017): 94-110.
Chechotkin, V. V., and Prystemskyi, O. S. “Alternatyvne kredytuvannia v ahrarnomu sektori ekonomiky Ukrainy: P2P-kredytuvannia fermeriv“ [Alternative Crediting in the Agrarian Sector of Ukrainian Economy: P2P-Crediting to Farmer]. Biznes Inform, no. 3 (2020): 98-103. DOI: https://doi.org/10.32983/2222-4459-2020-3-98-103
Hofmann, W. “China's P2P lending nightmare leaves investors with 3 sobering lessons“. https://sg.news.yahoo.com/china-p2p-lending-nightmare-leaves-investors-3-sobering-082437058.html
“International Peer to Peer lending sites“. https://www.globalp2plending.com/en/blog/entry/peerto-peer-lending-for-international-investors/
Liu, M. “Internet Finance and Regulation in China“. Fung Global Institute, August, 2015. http://www.asiaglobalinstitute.hku.hk/en/wp-content/uploads/2015/08/FGI-Report-Internet-Finance-part-I-Main-Report-2.pdf
Sadzius, T., and Sadzius, L. “Crowd funding regulation in the Baltic Region“. International Journal of Business and Social Science. 2018. https://www.ijbssnet.com/journals/Vol_9_No_2_February_2018/11.pdf
Bednorz, J. “The History of P2P Lending“. https://p2pmarketdata.com/blog/p2p-lending-history/
“Peer to Peer (P2P) Lending Market Size to Surpass US$ 705.81 Bn by 2030“. https://www.globenewswire.com/en/news-release/2022/04/27/2430044/0/en/Peer-to-Peer-P2P-Lending-Market-Size-to-Surpass-US-705-81-Bn-by-2030.html

FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

INFORMATION

The Plan of Scientific Conferences

OUR PARTNERS

Journal «The Problems of Economy»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster