Proceeding International Annual Conference Economics, Management, Business, and Accounting
Vol. 1 (2023): Proceeding International Annual Conference Economics, Management, Business, and Accou

Digital financial innovation's urgency for micro, small, and medium-sized entrepreneurs (an empirical case study of Indonesia)

Lucky Nugroho (Universitas Mercu Buana)
Timea Gal (University of Debrecen)
Nirdukita Ratnawati (Universitas Trisakti)
Soeharjoto (Universitas Trisakti)
Audita Setiawan (Universitas Sanggabuana YPKP)



Article Info

Publish Date
15 Apr 2024

Abstract

The development of information technology, computers, and the internet is something that cannot be avoided and has become part of daily activities, including trade transactions. Therefore, the purpose of this conceptual paper is to determine the role of financial technology in supporting trade transactions among micro, small, and medium entrepreneurs (MSMEs). The method used is descriptive-qualitative, which aims to answer the formulation of the problem consisting of (i) What is the role of financial technology in supporting digital trade; (ii) What are the benefits of financial technology for MSME business transactions? The results of this conceptual paper are: (i) the use of financial technology, also known as fintech, in supporting digital sales or e-commerce is very important in facilitating online shopping and accelerating business growth and digital trade; (ii) financial technology (FinTech) can provide many benefits for micro, small, and medium enterprises (MSMEs). The implication of this conceptual paper is to provide information and a reference for stakeholders who are concerned about MSMEs and financial technology. The novelty of this conceptual paper is that it discusses financial technology and its benefits for MSMEs, which are still rarely discussed

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Journal Info

Abbrev

eproceeding-inacemba

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Proceeding International Annual Conference Economics, Management, Business, and Accounting (INACEMBA) is a prestigious peer-reviewed international conference that attracts professionals from around the world. It provides a unique opportunity for participants to engage with experts in their ...