The Impact of Digital Payment Systems on Small and Medium Enterprise (SME) Growth

Anita Fatmawati (Universitas Pelita Bangsa)
Raihan Fikri Azis (Universitas Pelita Bangsa)

Harmoni Economics: International Journal of Economics and Accounting
Vol. 1 No. 3 (2024): August: Harmoni Economics: International Journal of Economics and Accounting

This study explores the influence of digital payment systems on the growth of small and medium enterprises (SMEs). Utilizing a quantitative approach, the research examines key indicators of SME growth, such as sales, customer base expansion, and transaction efficiency, before and after adopting digital payment systems. Findings reveal a significant positive correlation between digital payment adoption and SME growth metrics, suggesting that digital transformation in payments is instrumental in enhancing financial performance and market reach for SMEs.