Financial Literacy and Digital Financial Behavior of SMEs in Indonesia

Ramadhan Harahap

Abstract


The purpose of this research is to observe and analyze Financial Literacy and Digital Finance in Indonesia. This study uses a descriptive approach. The results of this study show that the use of Digital Finance in Indonesia is quite good, but there are still many things that must be addressed together. The digitalization of Cooperatives and SMEs is in line with the challenges of the Industrial Revolution 4.0 which requires all economic activities to shift from conventional to modern. The Covid-19 pandemic has also accelerated this shift, in which business and economic activities that were originally offline have turned online. This makes the use of digital technology more massive. The use of demand deposits that are commonly used in society today is considered to be less efficient. The presence of digital financial services is also an important supporting sector. More and more SMEs have started to adopt payment methods using e-wallets or application-based electronic money. In addition, MSMEs have also used digital solutions to interact with their customers, with 69% of sellers planning to increase their use of digital marketing solutions in the next 5 years.


Keywords


Financial Literacy, Digital Finance andSMEs.

Full Text:

PDF

References


Akudugu, M. A. (2013). The determinants of financial inclusion in Western Africa: Insights from Ghana. Research Journal of Finance and Accounting, 4(8), 1-9.

Allen, F., Demirguc-Kunt, A., Klapper, L., & Peria, M. S. M. (2016). The foundations of financial inclusion: Understanding ownership and use of formal accounts. Journal of financial Intermediation, 27, 1-30.

Chen.H dan Volpe (1998), An Analysis of Personal Literasi Keuangan among CollegeStudents. Financial Services Review,7(2), 107-128

Cole, S. A., Sampson, T. A., & Zia, B. H. (2009). Literasi Keuangan, financial decisions, and the demand for financial services: evidence from India and Indonesia (pp. 09-117). Cambridge, MA: Harvard Business School.

Demirg-Kunt, A., Klapper, L. F., & Singer, D. (2013). Financial inclusion and legal discrimination against women: evidence from developing countries. World Bank Policy Research Working Paper, (6416).

Fung ?a ?cov ?a dan Weill (2015) Search for high-energy neutrinos from binary neutron star merger GW170817 with ANTARES, IceCube, and the Pierre Auger Observatory. arXiv preprint arXiv:1710.05839.

Heck (1999) Determinants of university working-students Literasi Keuangan at the University of Cape Coast, Ghana. Interna-tional Journal of Business and Management, 7 (9), 126133

Jappelli (2007), Personal Finance. EdisiKeenam. McGrawHill Book, Co., Singapore.

Irawan, I. (2020). Perencanaan Keuangan Dan Manajemen Biaya Sebagai Upaya Peningkatan Pendapatan Pelaku Usaha Di Desa Timbang Jaya Kecamatan Bahorok Langkat Sumatera Utara. IHSAN: JURNAL PENGABDIAN MASYARAKAT, 2(2), 278-289.

Irawan, I., Muda, I., & Irawan, A. (2023). Training to improve skill in managing and reporting regular BOS Fund in SMA/SMK. Journal of Community Service and Empowerment, 4(1), 122-129.

Leong, K. FinTech (Keuangan Digital): What is it and how to use technologies to create business value in fintech way? Int. J. Innov. Manag. Technol. 2018, 9, 7478. [CrossRef]

Lee, I.; Shin, Y.J. Fintech: Ecosystem, business models, investment decisions, and challenges. Bus. Horiz.

, 61, 3546

Lusardi dan Mitchell (2007), FinancialLiteracy among the Young, The Journal of Consumer Affairs

Marr et al. (2014). Measuring intellectual capital with financial figures: can we predict firm profitability?. European Management Journal, 32(2), 244-259.

Schueffel, P. Taming the beast: A scientific definition of fintech. J. Innov. Manag. 2017, 4, 3254. [CrossRef]

World Bank. (2009). Africa Development Indicators 2008/2009: From the World Bank Africa Database. The World Bank.

Zins, A., & Weill, L. (2016). The determinants of financial inclusion in Africa. Review of development finance, 6(1), 46-57.




DOI: https://doi.org/10.30596/miceb.v1i0.367

Refbacks

  • There are currently no refbacks.