JURNAL MANAJEMEN MOTIVASI
Vol 22 No 1 (2026): Jurnal Manajemen Motivasi

DETERMINANTS OF FINANCIAL INCLUSION IN MSMEs: THE ROLE OF TECHNOLOGY, LITERACY, AND FINANCIAL VULNERABILITY

Siti Zulaekha (Unknown)
Zulfikar (Unknown)

Article Info

Publish Date
13 Feb 2026

Abstract

This study examines the effects of electronic payment usage, fintech adoption, financial innovation, financial literacy, and financial vulnerability on financial inclusion among Micro, Small, and Medium Enterprises (MSMEs). Using a quantitative approach, primary data were collected from 100 MSMEs through purposive sampling and analyzed with Multiple Linear Regression (SPSS 27). The results show that all variables simultaneously influence financial inclusion (R² = 75.1%). Partially, fintech adoption, financial innovation, financial literacy, and financial vulnerability have positive and significant effects. However, electronic payment usage shows a negative coefficient, indicating potential limitations in its effectiveness in promoting broader financial inclusion.

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Journal Info
JURNAL MANAJEMEN MOTIVASI
Website

Abbrev

jm_motivasi

Publisher

Universitas Muhammadiyah Pontianak

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Jurnal Manajemen Motivasi (JMM) adalah Jurnal Ilmiah Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Pontianak yang diterbitkan secara berkala 2 (dua) kali dalam satu tahun (Juni dan Oktober) sebagai sarana untuk menyebarluaskan hasil penelitian dan ilmu pengetahuan di bidang ilmu manajemen ...