Research Article
The Impact of Digital Financial Technology Investments on Indonesian MSMEs' Financial Performance
@INPROCEEDINGS{10.4108/eai.14-8-2024.2351676, author={Sri Haryani and Rasmi Nur Anggraeni and Cahyaning Raheni and Sarifuddin T and Henni Mande}, title={The Impact of Digital Financial Technology Investments on Indonesian MSMEs' Financial Performance}, proceedings={Proceedings of the 4th International Conference on Business, Accounting, and Economics, ICBAE 2024, 14-15 August 2024, Purwokerto, Indonesia}, publisher={EAI}, proceedings_a={ICBAE}, year={2024}, month={11}, keywords={digital financial financial performance msmes digital financial}, doi={10.4108/eai.14-8-2024.2351676} }- Sri Haryani
Rasmi Nur Anggraeni
Cahyaning Raheni
Sarifuddin T
Henni Mande
Year: 2024
The Impact of Digital Financial Technology Investments on Indonesian MSMEs' Financial Performance
ICBAE
EAI
DOI: 10.4108/eai.14-8-2024.2351676
Abstract
This review provides a literature-based summary of digital financial indicators and MSME financial performance, based on a published search period of 2016–2024. This research seeks to provide information and guidance on how to maximize financial performance and financial strategy to support SMEs' growth in an increasingly digital market. The results of this study of the literature show that MSMEs' financial performance can be impacted and improved by investing in digital financial technology in three areas: funding accessibility, operational effectiveness, and transaction fee reduction. For MSMEs' businesses to grow and succeed, they must leverage digital financial technologies to access funding. This can be accomplished, according to operational efficiency indicators from earlier research, by lessening the possibility of counterfeit money and automating transaction recording using QRIS (Indonesian Quick Response Code), a digital payment method for MSMEs.
