Proceedings of the International Conference on Advance Research in Social and Economic Science (ICARSE 2022)

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Fintech: Unlocking the Potential of MSMEs in Indonesia’s Digital Era

Authors
Sri Kussujaniyatun1, *, Sujatmika1, Dwi Harilaksana1
1Universitas Pembangunan Nasional “Veteran” Yogyakarta, Yogyakarta, Indonesia
*Corresponding author. Email: sri.kussujaniatun@upnyk.ac.id
Corresponding Author
Sri Kussujaniyatun
Available Online 27 April 2023.
DOI
10.2991/978-2-38476-048-0_15How to use a DOI?
Keywords
Financial technology; MSMEs; Indonesia; digitalization; potential
Abstract

This article aims to investigate the role of financial technology (Fintech) in increasing the number of cooperative members in the digital era. The study is conducted using descriptive qualitative research, where secondary data from various sources such as books, websites, social media, and government regulations are used. The study explores how Fintech can facilitate the development of Micro, Small, and Medium Enterprises (MSMEs) in Indonesia by analyzing several case studies. The results of the study suggest that Fintech has significant potential in enhancing the MSMEs’ financial management processes, including digitizing financial reports, online payments, and providing online-based loans. However, the application of Fintech in MSMEs also faces several challenges such as infrastructure, legislation, and limitations. The implication of this study highlights the importance of implementing Fintech in MSMEs to improve their financial management processes and overcome the challenges associated with its adoption.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Advance Research in Social and Economic Science (ICARSE 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
27 April 2023
ISBN
10.2991/978-2-38476-048-0_15
ISSN
2352-5398
DOI
10.2991/978-2-38476-048-0_15How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Sri Kussujaniyatun
AU  - Sujatmika
AU  - Dwi Harilaksana
PY  - 2023
DA  - 2023/04/27
TI  - Fintech: Unlocking the Potential of MSMEs in Indonesia’s Digital Era
BT  - Proceedings of the International Conference on Advance Research in Social and Economic Science (ICARSE 2022)
PB  - Atlantis Press
SP  - 131
EP  - 138
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-048-0_15
DO  - 10.2991/978-2-38476-048-0_15
ID  - Kussujaniyatun2023
ER  -