The Effect of Financial Literacy and Payment Gateway on Financial Performance in MSMEs in Palembang City
DOI:
https://doi.org/10.47747/ijfr.v5i3.2100Keywords:
Financial literacy, Finance Gateway, MSME financial performanceAbstract
This research, aimed at testing the influence of financial literacy and payment gateways on the financial performance of MSMEs in Palembang, yields significant findings. The sampling technique, non-probability with purposive sampling, was employed to gather data from 100 respondents in the culinary subsector MSMEs in Palembang. The research method, a quantitative approach involving the distribution of questionnaires, was used. The data analysis, facilitated by SmartPLS 3 software, included the evaluation of measurement models, structural models (inner models), and hypothesis testing. The research results, which are of paramount importance, reveal that financial literacy has a positive and significant effect on financial performance, payment gateway has a negative and insignificant effect on financial performance, financial literacy has a positive and significant effect on payment gateways, and payment gateways are unable to mediate and have a negative impact between financial literacy and financial performance
References
Dewi, N. N. D. S. and S. K. S. (2022). the Effect of Financial Literacy and Intellectual Capital on Financial Performance. International Journal of Business Management and Economic Review, 05(04), 240–251. https://doi.org/10.35409/ijbmer.2022.3425
Hamidah, N., Prihatni, R., & Ulupui, I. (2020). The Effect Of Financial Literacy, Fintech (Financial Technology) and Intellectual Capital On The Performance Of MSMEs In Depok City, West Java. Journal of Sosial Science, 1(4), 152–158. https://doi.org/10.46799/jsss.v1i4.53
Hastuti, V. M. & R. T. (2019). Factors affecting the financial performance of companies listed on the IDX for the period 2016-2018 2016-2018. Akmenika: Journal of Accounting and Management, 13(2), 902–911.
Hidayati, E. R. N., Pratiwi, A., & Aliya, R. (2018). Jurnal Vokasi Indonesia. Jvi.Ui.Ac.Id, 6(1), 1–13. https://doi.org/10.7454/jvi.v3i1.1066
Journal, J., & Mea, I. (2024). THE INFLUENCE OF FINTECH P2P LENDING AND PAYMENT GATEWAY JIMEA | MEA Scientific Journal (Management, Economics, and Accounting). 8(2), 753–769.
Lusardi, A. (2019). Financial literacy and the need for financial education: evidence and implications. Swiss Journal of Economics and Statistics, 155(1), 1–8. https://doi.org/10.1186/s41937-019-0027-5
Lusardi, A., & Mitchell, O. S. (2012). Financial Literacy Around the World: An Overview. SSRN Electronic Journal, June. https://doi.org/10.2139/ssrn.1810551
Purnamasari, E. D. (2020). The Effect of Payment Gateway and Peer to Peer Lending (P2P) on Revenue Increase in Palembang City. Scientific Journal of the Present Global Economy, 11(1), 63–65. https://doi.org/10.36982/jiegmk.v11i1.1063
Putri, R. A., Maryani, M., & Damayanti, D. (2023). The Influence of Intellectual Capital on the Financial Performance of Food and Beverage Companies Listed on the Indonesia Stock Exchange. Journal of Accounting, Finance, and Management, 4(4), 287–299. https://doi.org/10.35912/jakman.v4i4.2348
Putri, R. E., Goso, & Hamid, R. S. (2022). The Influence of Financial Literacy, Financial Technology and Financial Inclusion on the Financial Performance of Young Entrepreneurs. Owner, 6(2), 1664–1676. https://doi.org/10.33395/owner.v6i2.790
Ratnawati, E., R. E. S., & I. H. (2014). ANALYSIS OF FACTORS CONSIDERED BY CONSUMERS IN PURCHASING ORGANIC VEGETABLES IN THE CITY OF SURAKARTA. In Climate Change 2013 – The Physical Science Basis (pp. 1–30). Cambridge University Press. https://doi.org/10.1017/CBO9781107415324.004
Riadloh, B., & Nasution, I. H. (2023). The Influence of Financial Technology (Fintech), Intellectual Capital & Financial Literacy Development on Financial Performance. Madani: Multidisciplinary Scientific Journal, 1(7), 218–228.
Sanistasya, P. A., Raharjo, K., & Iqbal, M. (2019). The Effect of Financial Literacy and Financial Inclusion on Small Enterprises Performance in East Kalimantan. Jurnal Economia, 15(1), 48–59. https://doi.org/10.21831/economia.v15i1.23192
Waluya, A. I., Iqbal, M. A., & Indradewa, R. (2019). How product quality, brand image, and customer satisfaction affect the purchase decisions of Indonesian automotive customers. International Journal of Services, Economics and Management, 10(2), 177. https://doi.org/10.1504/IJSEM.2019.100944
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Handina Dwiana, Muji Gunarto
This work is licensed under a Creative Commons Attribution 4.0 International License.
Copyright for this article is retained by the author(s), with first publication rights granted to the journal.
It is an open-access article distributed under the terms and conditions of the Creative Commons Attribution license (http://creativecommons.org/licenses/by/4.0/)
