THE INFLUENCE OF DIGITAL PAYMENT ON LOWER AND MIDDLE ENTERPRISES IN GENUK

Mochamad Dimas Arifin, Maureta Dinda Talia, NUR HIDAYAH, Bintang Pramudya Wardani

Abstract


This article presents a comprehensive analysis of the impact of digital payment implementation on Micro, Small and Medium Enterprises (MSMEs). This abstract states that the use of digital payment technology has brought significant benefits to MSMEs. First, this article explains how digital payment improves Operational Efficiency, by reducing administrative and logistics costs. This technology affects the transaction process, thereby increasing business productivity. Second, this article discusses Transaction Security, which is a top priority for MSMEs. Digital payment provides a higher guarantee of transaction security, allowing MSMEs to track transaction history in real-time and reduce the risk of fraud.


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DOI: https://doi.org/10.36987/ecobi.v12i1.6730

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ECOBISMA (Journal of Economics, Business and Management) [p-ISSN: 2477-6092] [E-ISSN: 2620-3391] managed by the Faculty of Economics and Business, Labuhanbatu University is disseminated under a Creative Commons Attribution-NonCommercial-Share Alike 4.0 International License.
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