FinTech Adoption and Financial Performance of Micro and Small Enterprises (MSEs): A Hybrid Systematic Literature Review and Bibliometric Analysis

AAN KANIVIA (UNIVERSITAS CATUR INSAN CENDEKIA)
TIARA MAHARANI (UNIVERSITAS CATUR INSAN CENDEKIA)
GRISELDA NASYWA ZUHAYR (UNIVERSITAS CATUR INSAN CENDEKIA)
GERRARD ANANTA DAMANIK (UNIVERSITAS CATUR INSAN CENDEKIA)

Review of Applied Accounting Research
Vol. 6 No. 2 (2026): Review Of Applied Accounting Research (RAAR)-October

Although many studies have examined Financial Technology (FinTech), comprehensive reviews focusing on its impact on Micro and Small Enterprises (MSEs) remain highly limited. Therefore, this study aims to conduct a systematic literature review and bibliometric analysis regarding FinTech adoption in MSEs. This study employs a Systematic Literature Review (SLR) through the Scopus database for publications up to November 5, 2025, followed by a bibliometric analysis using VOSviewer to map thematic evolution and intellectual structure. The research results show that FinTech adoption among MSEs is synthesized into four thematic clusters: Financial Inclusion, Digital Financial Literacy, Technological Innovation Adoption, and Regulatory and Institutional Support. Current research is highly concentrated in developing countries, thus opening opportunities for investigations in more digitally advanced countries. This study offers a conceptual synthesis by structuring previously fragmented FinTech literature into an integrative framework specifically tailored for MSEs. It bridges bibliometric metadata with qualitative content synthesis, providing actionable research agendas for low-FinTech penetration regions, and providing evidence-based insights to support socioeconomic empowerment for MSEs.