Fintech Adoption Drivers for Innovation for SMEs in Indonesia
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F22%3A43905890" target="_blank" >RIV/60076658:12510/22:43905890 - isvavai.cz</a>
Result on the web
<a href="https://www.mdpi.com/2199-8531/8/4/208" target="_blank" >https://www.mdpi.com/2199-8531/8/4/208</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3390/joitmc8040208" target="_blank" >10.3390/joitmc8040208</a>
Alternative languages
Result language
angličtina
Original language name
Fintech Adoption Drivers for Innovation for SMEs in Indonesia
Original language description
The rapid evolution of technology and a large number of smartphone users are transformingthe way the masses access financial services. Fintech companies consistently innovate in developingcustomized products and services for users and SMEs to increase financial access and inclusivenessto achieve the Indonesian national financial inclusion target of 90 percent by 2024. Access to digitalfinancial products via Fintech contributes to greater financial inclusion for SMEs, particularly duringthe COVID-19 pandemic, which restricted economic activities. Using an extended TAM model, thisstudy explores the driving factors of Fintech adoption for Indonesian SMEs during the COVID-19outbreak. Data analysis of 415 respondents was conducted utilizing Smart-PLS 3.0 software. Thefindings confirm perceived usefulness, perceived ease of use, government support, trust, and userinnovativeness to have a direct positive effect on the intention of SMEs to adopt Fintech. The resultalso reveals that financial literacy indirectly correlates with Fintech adoption mediated by userinnovativeness. This indicates that Fintech could contribute to bridging financial inclusion whereSMEs with lower financial literacy can utilize financial products and services via Fintech. This is apositive contribution of Fintech for SMEs in developing economies. The present study suggests thatpolicymakers could foster the expansion of Fintech business infrastructure to improve access to SMEfinancial services.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Open Innovation: Technology, Market, and Complexity
ISSN
2199-8531
e-ISSN
2199-8531
Volume of the periodical
8
Issue of the periodical within the volume
4
Country of publishing house
CH - SWITZERLAND
Number of pages
15
Pages from-to
1-15
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85144720598