Fintech Adoption Drivers for Innovation for SMEs in Indonesia

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Fintech Adoption Drivers for Innovation for SMEs in Indonesia

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Fintech Adoption Drivers for Innovation for SMEs in Indonesia

Popis výsledku anglicky

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.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2022

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of Open Innovation: Technology, Market, and Complexity

ISSN

2199-8531

e-ISSN

2199-8531

Svazek periodika

8

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

CH - Švýcarská konfederace

Počet stran výsledku

15

Strana od-do

1-15

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85144720598