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1
Mustika and Ni Made Tisnawati S.E. M.Si. Dr. "Analysis of the Readiness for Digitalization of Cashless Payment Systems in Msmes in South Kuta Subdistrict, Badung District, Bali Province." International Journal of Social Science and Human Research 07, no. 11 (2024): 8526–31. https://doi.org/10.5281/zenodo.14193988.
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The development of the digitalization process and the use of technology in the elements of economic influences the payment system in society. One of the main aspect in the transaction process is the payment system used. This research aims to first analyze digitalization readiness cashless payment system for MSMEs in South Kuta, secondly to analyze the simultaneous and partial influence of the owner's skills MSMEs, digital access and digital ecosystems. This research uses a quantitative approach in associative form. The data used in this research is primary data using purposive sampling techniques collection obtained from MSMEs owners in South Kuta, 98 people. The analysis technique used is analysis binary logistic regression. The research results show the readiness of MSMEs owners in South Kuta as seen from the skill variable of MSMEs owners, digital access, and digital ecosystems have differences with research previously. Simultaneously the skills of MSMEs owners, digital access, and the digital ecosystem has a significant influence on the readiness of the digitalization system non-cash payments (cashless) for MSMEs in South Kuta. By the partial variables digital access and digital ecosystem have a significant positive effect while the skills of MSMEs owners do not have a significant effect on readiness to digitize the non-cash (cashless) payment system for MSMEs in South Kuta. Based on research results, to increase readiness MSMEs are advised to ensure that digital access is provided properly and constructively stable digital ecosystem, and the government is expected to consider regulations discounts or transaction rates that apply to MSMEs.
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Fauja, Zalika, Muhammad Lathief Ilhamy Nasution, and Budi Dharma. "THE IMPLEMENTATION OF CASHLESS PAYMENT SYSTEM IN THE MSMES SECTOR IN THE PERSPECTIVE OF ISLAMIC ECONOMICS TO ENCOURAGE THE DEVELOPMENT OF THE DIGITAL ECONOMY (CASE STUDY OF POSBLOC MEDAN CITY)." istinbath 22, no. 1 (2023): 57–74. http://dx.doi.org/10.20414/ijhi.v22i1.580.
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The development of the digital economy presents new, increasingly diverse financial service products. One of them is non-cash payments or cashless payments, which are the latest innovations and are increasingly prevalent in buying and selling payments to MSMEs. This study aims to find out how the Cashless system is implemented in the MSME sector in the city of Medan, then to find out how the Islamic economic perspective is in implementing the Cashless payment system. This study uses a qualitative research method with data collection techniques, namely by observation, interviews, documentation on the UMKM posbloc in Medan city as well as a study of the literature to be analyzed with the author's observations to answer the formulation of the problem on this problem. The results of this study show that the Cashless system used by the Medan city posbloc is in several ways, namely debit cards, credit cards or by scanning the QRIS code (Quick Response Code Indonesian Standard). APMK (Payment using a card) or with a QRIS scan which has been promoted by Bank Indonesia provides convenience in making transactions with a cashless system without cash more efficiently and effectively. According to the Islamic economic perspective, QRIS is permissible because there is no usury in buying and selling payments to MSMEs. However, there are still a number of obstacles in the implementation of the cashless posbloc payment system in Medan city, one of which is the internet which is not stable enough, and the lack of outreach.
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Mubarak, Dzakisyah Alyus, Muhammad Heru Akhmadi, and Erlita Nurma Wati. "Implementasi Sistem Aplikasi Pembayaran Digital Payment Dalam Pelaksanaan Pembayaran Berbasis Cashless di Masa Pandemi Covid-19." JURNAL MANAJEMEN KEUANGAN PUBLIK 6, no. 2 (2022): 115–22. http://dx.doi.org/10.31092/jmkp.v6i2.1699.
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In line with the trend of increasing state expenditure payments, the government uses a digital system to carry out cashless-based payments. The digital system provides advantages in the effectiveness of state expenditure payments to the payee and supports the efficiency of state financial management. One of the digital systems used is the Digital Payment application developed by the Directorate General of Treasury. This study aims to review the use of the Digital Payment application in making non-cash payments to payees (suppliers) in the 2019-2021 period. This study used a qualitative method with literature study techniques and interviews with several informants. The results of this study indicate that the use of Digital Payment in non-cash-based payments is quite effective. Even so, there are still obstacles to the mindset, system flexibility, and human resources so the application has not been implemented optimally. To improve quality, it is necessary to improve the DigiPay application and continuous outreach to MSMEs and work unit treasurers. Keywords: Payment system, Digital Payment, Public Spending, Treasury
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Nwoke, Linda, Ifeanyi, Atemoagbo, Oyarekhua Precious, Abdullahi Aisha, and Siyan Peter. "The Impact of Cashless Policy on the Performance of Msmes in Nigeria Using Aritificial Neural Network." International Journal of Social Sciences and Humanities Invention 9, no. 08 (2022): 7182–93. http://dx.doi.org/10.18535/ijsshi/v9i08.09.
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This study investigates the impact of cashless policy on the performance of Micro, Small, and Medium-Sized Enterprises (MSMEs) in Suleja, Nigeria, using Neural Network regression model. A survey research design was employed to collect data from 400 MSMEs, which were segmented into three clusters based on their cashless payment system adoption using Artificial Neural Network Clustering algorithm. The results show that the MSMEs were segmented into three clusters, with Cluster 1 having high adoption (n=150, 37.5%), Cluster 2 having moderate adoption (n=120, 30%), and Cluster 3 having low adoption (n=130, 32.5%). The study found that the adoption of cashless payment systems has a significant positive impact on the financial performance of MSMEs, with Cluster 1 having the highest financial performance (mean profit margin = 25.6%, SD = 5.2). Neural network regression model was used to predict business performance metrics, with a moderate level of predictive performance (MSE = 2.867, RMSE = 1.693, MAE = 1.693, MAPE = 42.33%). Feature importance analysis reveals that Health/Pharmacies and Repair of Home Gadgets are the most important features, with a mean dropout loss of 1.353. The findings of this study are important for policymakers, business owners, and researchers in the areas of financial inclusion, digital payments, and MSME development. The study highlights the potential benefits of cashless policy on the financial performance of MSMEs and identifies key factors that influence the adoption of cashless payment systems. The results can inform policy interventions and business strategies aimed at promoting financial inclusion and improving the performance of MSMEs in Nigeria and similar contexts.
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Usman, Osly, Inkreswari Retno Hardini, and Adnan Kasofi. "Integrated QR payment system: Cashless payment solution in developing countries from the perspective of MSMEs." International Journal of Innovative Research and Scientific Studies 8, no. 2 (2025): 1424–32. https://doi.org/10.53894/ijirss.v8i2.5470.
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This study explores the implementation of QRIS (Quick Response Code Indonesian Standard) based cashless payment systems among MSMEs in Jakarta. Using descriptive and explanatory survey methods, the data were analyzed through Partial Least Square (PLS). The main focus of the research is to examine the effect of Mobile Usefulness and Perceived Ease of Use variables on Attitude Toward Using and Behavioral Intention to Use QRIS. The results showed that Mobile Usefulness has a positive and significant impact on Attitude Toward Using and Behavioral Intention to Use. Perceived Ease of Use also has a significant effect on Attitude Toward Using, but not on Behavioral Intention to Use. This study identifies QRIS adoption challenges, such as infrastructure limitations, low digital literacy, and people's preference for cash. This research provides strategic recommendations for the government and startups to accelerate QRIS adoption, increase digital inclusion, and prepare for a cross-border payment ecosystem by 2025. By understanding user attitudes and intentions, this study contributes to the development of more inclusive and efficient cashless payment solutions for MSMEs in Indonesia.
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Denny Riyanto, Eka Sriwahyuni, and Andi Harpepen. "ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI MINAT UMKM MUSLIM MENGGUNAKAN QUICK RESPONSE CODE INDONESIA STANDARD (QRIS) DI KELURAHAN PAGAR DEWA KOTA BENGKULU." Mu'amalat: Jurnal Kajian Hukum Ekonomi Syariah 16, no. 1 (2024): 13–28. http://dx.doi.org/10.20414/mu.v16i1.9466.
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Bank Indonesia (BI) launched a Quick Response (QR) standard for payments through server-based electronic money applications, digital wallets, or mobile banking. Quick Response Code Indonesian Standard is a unification of various types of QR from various Payment System Service Providers (PJSP) using QR Code developed by Bank Indonesia and the Indonesian Payment System Association which aims to integrate all cashless payment methods in Indonesia. In the era of digit trends the growing number of merchants switched to non-cash payment systems. The purpose of this study is to determine the factors that influence the use of QRIS for MSMEs in the city of Bengkulu, to analyze the benefits and facilities of the interest of MSME users in the city of Bengkulu.
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Putri Metri, Dona. "Advancing Msmes Through Global Integration and Cross-Border Connectivity: Opportunities for Qris-Based Payment Code Development." Edunity Kajian Ilmu Sosial dan Pendidikan 3, no. 1 (2024): 113–25. http://dx.doi.org/10.57096/edunity.v3i1.221.
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Indonesia's rapid economic development in the digital era has witnessed a significant shift from traditional cash-based public payments to digital systems. Digital payments offer enhanced convenience, efficiency, security, and user-friendliness. Among these digital payment methods, QR Codes have emerged as a crucial solution, particularly during the COVID-19 pandemic, which led to a slump in the Indonesian economy due to social distancing measures. The adoption of the Quick Response Indonesian Standard (QRIS) as a cashless payment method by most Micro, Small, and Medium Enterprises (MSMEs) in Indonesia presents a promising solution due to its numerous advantages, including instant payment, enhanced security, easy setup, high reliability, and absence of associated charges. However, QRIS payments face limitations as they are inaccessible to foreigners without bank accounts or connections to Indonesian payment operators. To address this challenge, the Indonesian government has collaborated with four ASEAN countries to integrate the QRIS system with their respective user bases. Nevertheless, the global utilization of QRIS remains a problem that this study aims to address. One approach to promoting cross-border QR payment cooperation is to bolster the economic progress of MSMEs in each country. The objective of this study is to highlight the significant opportunities for developing integrated connectivity and cross-border QR payment codes in Indonesia. Further research is necessary to advance the development of prototypes, designs, and the implementation of integrated connectivity and cross-border QR payment code linkage on a global scale.
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Arief Bachtiar, Mohhammad Wesla Dhifayana Sukirman, Natasha Claudia Ambarita, Diva Delia Rossa Nicolas, Vinda Cendrawati, and Wardah Fadiah Salsabila. "Penggunaan Qris Sebagai Sistem Cashless Dalam Meningkatkan Efisiensi Transaksi Umkm di UPN “Veteran” Jawa Timur." Jurnal Manajemen dan Ekonomi Kreatif 2, no. 1 (2023): 140–46. http://dx.doi.org/10.59024/jumek.v2i1.285.
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The era of the digital economy, known as the fourth industrial revolution, has brought significant technological advances, especially in the field of digital payment systems. Although this system has advantages and disadvantages, this system is generally superior to other payment systems. It is importat to note that the presence of a digital payment system does not mean eliminating physical cash. Carrying out research regarding the use of QRIS for MSMEs in the UPN “Veteran” East Jawa canteen uses a quantitative apporach to collect and analyze data related to the efficiency of MSME transactions in the UPN Veteran East Jawa canteen using QRIS as an electronic payment method. The sample for this research was taken randomly from MSMEs in the UPN “Veteran” East Jawa canteen. Directly from the knowledge of business actors to the obstacles faced, this discussion chapter discusses in detail the key findings that emerged during the research process.1. business Actors’ Knowledge of Qris. 2. Benefits of QRIS for Business Actors. 3. Barriers to Business Actors in Using QRIS. 4. Practical Implications and Recomendations. 5.Ease and Speed of Transactions. 6. Cheaper Transaction Fees. 7. Improved Transaction Records. 8. Inflation Control and Monitoring of Goods Prices
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Siti Aisyah, Nia Andriani, Niken Rahmadyah, Deby Novriansyah, Amelia Putri, and Elsa Mayori. "Implementasi Teknologi Financial Dalam Qris Sebagai Sistem Pembayaran Digital Pada Sektor Umkm Di Kota Binjai." Jurnal Pengabdian kepada Masyarakat Indonesia (JPKMI) 3, no. 1 (2023): 12–18. http://dx.doi.org/10.55606/jpkmi.v3i1.925.
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Increasing, resulting in several changes fo;;owed by technological devlopments in the industrial revolution. One form of progress in internet technology is the use of financial technology in payment systems where payment transaction methods are facilitated by the phenomenon of a cashless society or payments using electronic money. MSMEs also experience this impact which emphasizes the importance of internet use. QRIS is the latest innovation in digital payments, namely the Quick Response Code Indonesian standard. QRIS, which was intiated by Bank Indonesia, provides convenience intransactions anywhere and anytime. This study aims to find out how the implementation of financial technology in QRIS as a Digital Payment System in the MSME Sector in Binjai Cuty. This research uses qualitative descriptive method. Data collection techniques, namely using observation, interviews, documentation and literature studies which will be analyzed through the author’s observations to answer the formulation of the research that the researcherts conducted in order to socialize the implementation of the use of QRIS in several MSMEs in the city of Binjai, namely street vendors such as Dayana Ponsel, Seafood Meatball Traders, Takoyaki Kimono, Geprek Chicken Vendors Adek Sri who are in the city Binjai. Through the interview method of several respondents from street vendors, the results of the study proved that 20% of MSME actors already use the the payment system using QRIS, but 80% of MSME traders do not know what QRIS is. QRIS helps merchants (MSMEs) to make payments mor ppractical, fast and secure and with the convenience of these transactions people choose to shop and will indirectly increase income for MSME players.
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Nisa, Sakinatun, and Hendri Hermawan Adinugraha. "The Effectiveness of the Implementation of the Quick Response Code Indonesia Standard (QRIS) Payment System for MSMEs." Journal of Economics, Management, Accounting and Computer Applications 1, no. 1 (2024): 34–39. http://dx.doi.org/10.69693/jemaca.v1i1.5.
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The rapid advancement of technology has brought significant changes in society, particularly in the economic sector. The latest technological developments, especially in financial technology, have facilitated Indonesians in their daily activities, access to information, and business development. The rise of digital economy through innovations in financial technology has led to the emergence of cashless payment systems, such as QR code-based payment systems. Despite the benefits of these systems, challenges such as inadequate internet infrastructure and lack of public participation hinder their effectiveness, especially in rural areas like Rowoyoso village in Pekalongan Regency. This study aims to explore the effectiveness of implementing the QRIS payment system for Micro, Small, and Medium Enterprises in Rowoyoso Village, Pekalongan Regency. The qualitative research approach involves data collection through interviews with MSMEs owners and observations at the research site. Findings indicate that while QRIS offers convenience and transparency in financial transactions, challenges such as poor internet connectivity and low community participation pose barriers to its successful implementation. The research contributes to understanding the impact of digital payment systems on MSMEs and highlights the importance of addressing infrastructure and community engagement issues for the effective adoption of QRIS. The findings suggest that QRIS can enhance business operations, streamline financial management, and improve security compared to traditional cash transactions. By evaluating the effectiveness of the QRIS payment system, this study provides insights for policymakers, financial institutions, and MSMEs owners to enhance the digital payment ecosystem in rural areas like Rowoyoso village.
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Ayuningtyas, Amalia, Hendri Hermawan Adinugraha, and Muhammad Sulthoni. "Quick Response Code Indonesian Standard as a Digital Payment Solution to Increase the Turnover and Reduce the Circulation of Counterfeit Money." Journal of Education and Computer Applications 1, no. 1 (2024): 25–31. http://dx.doi.org/10.69693/jeca.v1i1.7.
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With the increasing use of the internet and smartphones in Indonesia, the use of digital payment technology is increasing. The advantage of cashless payment is that it is very convenient for users because it allows payments to be made easily and quickly without using cash. Especially during the outbreak of the Covid outbreak, there was a critical decline in the turnover of Micro, Small and Medium Enterprises (MSMEs). In this case, MSME players must keep up with the times of digitalization, especially by utilizing the Quick Response Code Indonesian Standard (QRIS) system that has been provided by the Indonesian government. On the other hand, the rampant circulation of counterfeit banknotes has made some parties, especially micro, small and medium enterprises, feel uncomfortable receiving counterfeit Rupiah. This research aims to find out QRIS as a digital payment solution that can increase the turnover of Micro, Small and Medium Enterprises (MSMEs) while also reducing the circulation of counterfeit money in Indonesia. This research uses a qualitative descriptive method with a systematic literature review. The data analysis technique used qualitative analysis that describes factual information. This study shows that QRIS can increase the sales turnover of MSMEs because QRIS is a digital payment solution that can make it easier for MSMEs to run their businesses in an effort to improve service quality and competitiveness, and is expected to increase interest in repeat visits and increase profits. The use of QRIS as a payment medium makes the transaction process with consumers easier, faster and safer. In addition, it can prevent the spread of counterfeit banknotes or counterfeit rupiahs and reduce the risk of counterfeit currency fraud or counterfeit rupiahs.
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Thahery, Rusyaidi, Olfi Janida Andari, Mutiara Setiawati, Rofi Rimaya Nastiti, and Yola Cesar Vanisa. "Framing Brand Image Cafe Talenta Menggunakan Q-Ris Sebagai Digitalisasi Keuangan." Dedikasi: Jurnal Pengabdian Pendidikan dan Teknologi Masyarakat 2, no. 1 (2024): 88–95. http://dx.doi.org/10.31004/dedikasi.v2i1.46.
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One of the businesses in people's lives with a great desire to form MSMEs, besides that MSMEs are also a form of business that is a source of innovation and creativity. As well as narrating that MSMEs are introduced to the public or known as framing branding. However, Talenta Cafe still uses cash or non-electronic payment methods because the payment system is still considered less than optimal. Before this Community Service activity was carried out, a situation analysis was carried out which examined the problems of MSME partners, namely implementing the use of QRIS digital applications that were not optimal. The approach taken as well as the PKM implementation method is socialisation or providing knowledge, understanding, and practice, how to optimise the use of E-payment or electronic payment systems using QRIS. Talenta Cafe is located on Jalan Kasah No.45 Pekanbaru. So it can be concluded that the application of e-payment using QRIS at Talenta Cafe is still not running because Talenta Cafe still uses a cash payment system. So that the payment system can be more developed and updated with the development of digitalisation, the community service team helps to implement QRIS In the application of digitalisation technology for MSMEs, there has long been one of them cashless transactions commonly referred to as E-Payment. E-Payment or digitalisation itself has become an innovation in the business world.
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Wahpiyudin, Cep Abdul Baasith, Irvan Nani, Megawati Simanjuntak, and Fadli Agus Triansyah. "Navigating the Digital Divide: An Explanatory Study on the Impact of QRIS Adoption on MSMES in Indonesia." Global Conference on Business and Social Sciences Proceeding 16, no. 1 (2024): 77. https://doi.org/10.35609/gcbssproceeding.2024.1(77).
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In response to the development of a digital cashless society, Bank Indonesia and the Indonesian Payment System Association launched QRIS (Quick Response Indonesia Standard) as a national standard to facilitate integrated and interoperable cashless transactions, becoming an important step in changing people's transaction patterns from cash to digital. In this study, we scrutinize the impact of QRIS adoption by Indonesian MSME business actors on their financial performance and how it affects financial statement accountability. We employ an explanatory research design, using a survey approach and the innovation attribute model to examine the factors influencing MSMEs' interest and actual use of QRIS, and its effects on financial statement accountability. We purposefully select MSME actors as the population, with data collected through Google Forms surveys and analyzed using descriptive analysis and structural equation modeling. Through the analysis of this study, we will illustrate how the QRIS adoption impacts the financial performance of MSME actors, including accounting for the number and amount of transactions, sales turnover, business cash flow, and sales records. In addition, our findings will also highlight challenges in the adoption of QRIS by the actors of MSMEs, such as limited digital literacy and dissatisfaction with merchant discounts. Keywords: Business Actors, Financial Statement Accountability, Indonesia, Innovation Model Attribute, MSMEs, QRIS.
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Ghina Rachmatika, Adhela. "The Influence of Financial Literacy, Financial Technology on Financial Inclusion Mediated by Cashless Policy." Journal of Indonesian Applied Economics 11, no. 1 (2023): 1–12. http://dx.doi.org/10.21776/ub.jiae.2023.011.01.1.
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Purpose The study aims to review access to payment system services, awareness and knowledge in the Sempaja Shopping Tourism Area so that it can evaluate appropriate policies to transform the economy cash-based to a non-cash economy Design/methodology/approach The research method used in this research is quantitative research with the nature of research is explanatory research. Data collection techniques are questionnaires and interviews. Findings Financial literacy, financial technology, cashless policy, and financial have strong and positive effects to the objectives of the study. Research limitations/implications This research has limitations in the sampling were not all of these MSMEs have switched to digital so for further research it would be better to use a sample of MSMEs that have switched to digital use. Originality/value This study seeks to evaluate the implementation of bankaltimtara policies with a view to assessing the prospects and challenges that are factors in encouraging financial inclusion.
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Hartono, Muhammad Fauzan, Nandang Nandang, Dimas Bagus Ramadhani, and Indah Rosalia. "Evaluating the Use of QRIS in MSME Services: Insights for Financial Education in Tawang, Tasikmalaya." Journal Corner of Education, Linguistics, and Literature 4, no. 001 (2025): 434–46. https://doi.org/10.54012/jcell.v4i001.405.
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This study examines the use of Quick Response Code Indonesian Standard (QRIS) in Micro, Small, and Medium Enterprises (MSMEs) in Tawang District, Tasikmalaya, focusing on its impact on transaction efficiency and service quality. QRIS, a digital payment system introduced by Bank Indonesia, enables cashless, contactless payments through smartphones, thus offering a solution to slow cash transactions and improving operational efficiency. The research aims to explore how QRIS adoption enhances MSME competitiveness by increasing market reach, reducing operational costs, and improving customer service, particularly in post-pandemic Indonesia. Data collected through interviews, observations, and documentation from MSME owners in the district reveal that businesses such as Rumah Papi Bakery, Warteg Kahrisma Bahari, Bosqu Barber, and Azka Laundry have benefited from QRIS in terms of transaction speed, customer satisfaction, and financial management. The study also addresses the challenges of QRIS adoption, such as the need for a stable internet connection and public understanding of the system.
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Sugiharto, Sugiharto, Abdullah Umar, Agung Hari Sasongko, and Glory Aguzman. "PEMANFAATAN PEMBAYARAN ONLINE BAGI E-COMMERCE USAHA KECIL DAN MENENGAH." BBM (Buletin Bisnis & Manajemen) 5, no. 1 (2019): 77. https://doi.org/10.47686/bbm.v5i1.260.
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Today, technology has entered into all business fields where the digital era is very helpfuland facilitates business both in terms of marketing, sales and distribution. The utilizationof these technologies will directly increase sales volume and the potential for anincreasingly large market. This will be very beneficial for medium and small businesses,where they still use a lot of conventional methods and have not used the technology sideand have not yet entered e-commerce. Expansion of the market or market is the mostimportant thing in the business world so that through E-Commerce, market coverage isno longer only in the area where the MSMEs are located but is widespread throughoutthe world wherever it can be accessed. In addition to the wider market, it can also accessreal-time payments that will facilitate the payment process directly by consumers andcan make the flow of cash out of the business more controlled which is no longer anobstacle. This online payment system is not always related to e-Commerce, but also withdirect transaction activities at the place of business can also be done so that cashless andalso in the online payment there will be a sales transaction report that will make therecording directly available in the payment system online. This benefit is very helpful forsmall and medium businesses that are expected to increase their sales growth and theirfinancial management will be helped.
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Pratiwi, Larasati Azzahra, Nanda Arfia Ningsih, Faqihah Amaliah, and Tiara Sri Intan. "ANALISIS PENGARUH PENGGUNAAN PEMBAYARAN DIGITAL QRIS TERHADAP KENAIKAN OMSET PENJUALAN PADA UMKM." JURNAL BISNIS KOLEGA 10, no. 1 (2024): 12–23. http://dx.doi.org/10.57249/jbk.v10i1.127.
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Digital transformation has changed the transaction system from cash to cashless transactions. However, the current use of QRIS is not quite familiar among MSMEs and there are still many MSMEs that have not implemented QRIS digital payments as a record of sales turnover. The purpose of writing this article is to discuss QRIS digital payments to increase MSME sales turnover. The research data uses multiple linear analysis which aims to test how much influence QRIS has on sales turnover. The nine independent variables are QRIS user literacy, QRIS implementation, QRIS usage, QRIS user capability, QRIS user convenience, QRIS user service prices, QRIS user satisfaction, QRIS user efficiency improvement, QRIS user strategy and increased sales turnover as dependent variables. The value of the R2 coefficient of determination of 0.159315 or 15.93% shows that the nine variables used together can be significant sales turnover as dependent variables.
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Dian G Purba, Faisal A Siadari, Tommi H Damanik, Jhoni F Manurung, and Fadilah R M Siregar. "EFISIENSI SISTEM KOMUNIKASI MODERN DALAM KEGIATAN TRANSAKSI PADA BISNIS WARKOP BERKAH." MANAJEMEN 4, no. 2 (2024): 94–102. https://doi.org/10.51903/manajemen.v4i2.841.
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This research aims to analyze the efficiency of modern communication systems in transaction activities at Warkop Berkah, a micro-enterprise that has adopted digital technology. The main focus of the research is the implementation of modern communication systems, such as cashless payments via digital wallets, QR codes, and Point-of-Sale (POS) applications, which aim to improve operational efficiency, customer experience, and business competitiveness. This research also identifies various challenges faced in implementing this technology, including the need for employee training, implementation costs, and adaptation by customers who are still accustomed to conventional systems. The research results show that modern communication systems have a significant impact in increasing operational efficiency at Warkop Berkah. Transaction processes become faster, the risk of calculation errors is reduced, and financial transparency increases. In addition, this technology provides a better customer experience by offering convenience, security and comfort, especially for the younger generation who are more familiar with technology. However, technology adoption also faces obstacles, such as dependence on stable internet connections, resistance from certain customers, and technical challenges in system maintenance. To overcome this challenge, the research recommends several strategies, including intensive training for employees, customer education, diversification of payment methods, and improving technological infrastructure. Real-time monitoring of transaction data is also proposed as a step to optimize operational performance and maximize customer experience. By implementing the right strategy, Warkop Berkah can utilize modern communication systems to support the sustainability and competitiveness of its business. This research contributes to understanding the importance of digitalization in micro and small businesses (MSMEs) in facing the challenges of the digital era. In addition, this study provides practical insights for micro business owners who want to adopt modern technology to increase efficiency and business growth amidst increasingly fierce competition.
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Hastuti, Ika Sari, and Asep Kusdiman Jauhari. "MIDDLE ECONOMIC GROWTH TOWARDS TO DEVELOPMENT OF E-COMMERCE IN SOUTHEAST ASIA." Journal of Economic Empowerment Strategy (JEES) 4, no. 1 (2021): 1–6. https://doi.org/10.23969/jess.v4i1.4902.
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The rapid development of information and communication technology has resulted in the emergence of a new economy marked by the phenomenon of internet-based business or e-commerce. The economic growth of the middle class of Southeast Asian people in the digital economy era is moving towards a non-cash transaction system and changing the lifestyle of people who depend on the internet for traveling, shopping and doing business online as well as creating new phenomena for the growth of the e-commerce industry or electronic commerce is attractive and growing rapidly. What is interesting is how the influence of middle class economic growth on the development of e-commerce in Southeast Asia. The method used in conducting this research is descriptive qualitative which aims to describe the phenomenon of the growth of the middle class in the development of e-commerce in Southeast Asia systematically for research and problem solving. The estimation results of this study are that with the increasing number of middle class people who use technology for business activities in the network, the development of e-commerce in ASEAN is marked by the use of electronic payment methods or cashless payments where business transaction processes become more efficient and stimulate economic growth. The emergence of new startups. The challenge for the use of e-commerce is readiness in overcoming problems related to ICT such as cyber security, internet networks and adequate ICT infrastructure. Every country in Southeast Asia has advantages and limitations in the use of e-commerce but digital globalization forces countries in Southeast Asia that are experiencing an economic growth to be prepared to build e-commerce infrastructure, especially for MSMEs by utilizing e-commerce to open new markets that are more and the government must prepare infrastructure and regulations that support entrepreneurs to compete in the current e-commerce era.
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Ilham, Ratih Milati, Fithri Widyanita Yarisma, Ira Setiawati, Darajatus Zakia Putri, Erika Rodhotul Ainiyah, and Khoirul Munaji. "Empowering MSME Performance Through Fintech and E-Commerce: The Moderating Role of Cashless Society." MAKSIMUM 15, no. 1 (2025): 64. https://doi.org/10.26714/mki.15.1.2025.64-80.
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This study explores the impact of fintech payment and e-commerce adoption on the performance of Micro, Small, and Medium Enterprises (MSMEs), focusing on the moderating role of the cashless society. Using a quantitative approach, data were collected from MSMEs operating in Central Java to examine how digital financial solutions influence business performance. The findings reveal that fintech payment adoption enhances MSME performance by improving transaction efficiency, financial management, and access to a broader market. However, e-commerce adoption does not directly affect MSME performance, which may be attributed to challenges such as technological readiness, digital literacy, and infrastructure limitations. The cashless society strengthens the impact of fintech payments on MSME performance, indicating that the shift toward digital transactions provides competitive advantages for MSMEs. However, its role in moderating the effect of e-commerce on MSME performance remains limited, suggesting that successful e-commerce adoption requires additional supporting factors. These findings underscore the importance of digital payment integration for MSMEs and highlight the need for financial literacy programs, digital mentoring, and infrastructure development to support MSMEs in adapting to an increasingly digital economy. This study provides valuable insights for policymakers, financial institutions, and MSME stakeholders in shaping strategies to enhance digital transformation and financial inclusion in the MSME sector.
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Sari, Sasa Marita, Arie Setyo Dwi Purnomo, and Prasetyo Nugroho. "THE INFLUENCE OF FINANCIAL LITERACY AND THE USE OF SOCIAL COMMERCE ON THE FINANCIAL PERFORMANCE OF MSMEs IN MADURA." Jurnal Manajemen Sains dan Organisasi 5, no. 3 (2024): 207–19. https://doi.org/10.52300/jmso.v5i3.17204.
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Objective – The objective of this study is to examine how financial literacy and of social commerce usage affect the financial performance of MSMEs in Madura, concentrating on the function of cashless payment as a moderating factor in the relationship.Design/Methodology/Approach – The collected data for this study through quantitative methods such as interviews and questionnaires from the MSME population in Pamekasan Regency, utilizing the purposive sampling method for sample determination. A structural equation based on partial least squares (PLS) was used to analyze the data model through SmartPLS 4.0 software. PLS calculation using algorithms and bootstrapping.Findings – The study's findings show that there is a positive and significant impact of financial literacy and social commerce usage on the financial performance of MSMEs in Madura. Cashless payment has the capacity to reinforce the impact of financial literacy on the financial performance of MSMEs in Madura, but cashless payment does not have a significant moderation effect or as a moderation homologizer (potential moderation) in the connection between their adoption of social commerce and Madura's MSMEs' financial performance.Conclusion and Implications – Financial performance is favorably and significantly impacted by two factors: financial literacy and the application of social commerce. Meanwhile, the implementation of cashless payment as a moderation variable produces different effects. This cashless payment system has been proven to strengthen the relationship between financial literacy and financial performance; however, it does not have a significant moderation effect or is unable to strengthen or weaken the impact of social commerce on the financial performance of MSMEs in Madura. Keywords: Cashless Payment, Financial Literacy, Financial Performance, Social Commerce
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Shantilawati, Irma, Yuni Mayanti, and Depi Hasanah. "Development of Digital Payments as Moderation of Business Units." IJESS International Journal of Education and Social Science 5, no. 2 (2024): 320–26. https://doi.org/10.56371/ijess.v5i2.363.
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In line with the development of current trends, not only is meeting needs made easier, but in terms of payment transactions, it is also increasingly developing where people no longer have to provide physical money. People need convenience in terms of fulfilling their needs, as well as in terms of payment transactions, both from the consumer and seller side, so the current convenience requires people to use cashless more in every payment transaction. Therefore, the use of QRIS technology as Digital Payment is a positive trend for business actors in Indonesia and consumers. The research results show that QRIS has a positive and significant effect on consumer decisions in using QRIS transactions. However, there are obstacles faced, namely that not all consumers understand how to use QRIS and not all business actors also use QRIS. So there are difficulties for consumers who do not understand the ease of cashless payment transactions. The method used in the research uses quantitative data targeting MSMEs in Indonesia. From this background, the author conducted research with the title Digital Payment Development as Business Unit Moderation (Case Study of MSMEs in Indonesia).
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Karla Arina, Kristi, Elsje Hanna Lintong, Jeifer Juandy Livingstone Rompas, et al. "Use of Cashless Payments in MSMEs in the Pall Beach Tourism Area, Marinsouw Village." Journal of Accounting and Finance Management 5, no. 5 (2024): 1196–205. https://doi.org/10.38035/jafm.v5i5.1203.
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Study This aiming for analyze adoption cashless payment technology by MSMEs in the Village Marinsouw, a area ongoing tourism developing in North Sulawesi. With use method qualitative and approach studies case, research this involving interviews and observations direct with UMKM owners, stakeholders interests, as well as tourists who become user main cashless payment. Data analyzed in a way thematic use device soft Nvivo For identify theme key like adoption technology, challenges, and impact from implementation of cashless payments operational business and satisfaction customers. Research results show that factor main influencing factors level adoption are Usage Rate (UR) and type cashless services used, especially QRIS. Technological Barriers (TB), such as problem network, and Trust in the System (TS) is still become challenge significant , although support government (Government Support - GS) is proven help speed up adoption. Cashless payment is proven increasing Operational Efficiency (OE) and Increased Income (II) for MSMEs, while from perspective tourists, Ease of Use (EU) and Customer Satisfaction (CS) become factor booster main.
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Nafidah, Lina Nasehatun, and Laelly Wahyu Hidayati. "Pengaruh Sistem Pembayaran Non Tunai QRIS Dalam Meningkatkan Akuntabilitas Melalui Pencatatan Laporan Keuangan." Behavioral Accounting Journal 6, no. 2 (2023): 17–32. https://doi.org/10.33005/baj.v6i2.367.
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Recording financial statements has many benefits for business stakeholders. This study aims to determine the direct effect of QRIS cashless payment system on accountability and the effect of QRIS cashless payment system on accountability through recording financial statements. This research method uses the Partial Last Square Model (Smart PLS) quantitative approach, data collection through questionnaires with a population of 537 MSMEs and a sample of 85 respondents was taken. The results of this study explain that the QRIS cashless payment system has a direct effect on accountability, where the higher the use of QRIS cashless payment system, the higher the accountability of MSME actors, because the QRIS can be observed and recorded according to the number of transactions in the system, so it automatically produces information related to transactions that have a high level of accountability. The cashless payment system with QRIS has an indirect effect on accountability through the recording of financial statements, where the higher the use of the cashless payment system with QRIS mediated by the recording of financial statements, the higher the accountability of MSME actors because all transactions can be explained in detail and can be used as information for management and support to stakeholders.
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Zeta Chandra, Dheandra, Dedi Purwana, and Maulana \Amirul Adha. "ANALISIS STRATEGI QRIS OLEH KPWBI DKI JAKARTA DALAM UPAYA PENGEMBANGAN PEMBAYARAN NONTUNAI PADA UMKM JAKARTA." TRANSEKONOMIKA: AKUNTANSI, BISNIS DAN KEUANGAN 3, no. 4 (2023): 664–73. http://dx.doi.org/10.55047/transekonomika.v3i4.464.
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Cashless transactions offer the advantages of simpler, faster, and safer transactions compared to non-cash transactions, and can increase economic activity in a country. To support digital payments, BI released QRIS as a national QR code standard. The utilization of QRIS as a payment channel has increased every year. This research focuses on the strategy of Bank Indonesia Jakarta Representative Office in developing non-cash payments through QRIS for MSMEs in Jakarta, the impact of non-cash payment development strategies through QRIS, and constraints on non-cash payment development strategies. This research is a field study using a descriptive qualitative research approach. The results of this study show that there are several strategies including conducting socialization, including MSMEs in BI strategic events, connecting with Perumda Pasar Jaya traditional markets which were later designated as S.I.A.P QRIS markets, and receiving complaints about QRIS. As an impact of the strategy of developing cashless payments through QRIS, the findings of this study show how QRIS shortens the payment process and makes transactions more secure for both merchants and consumers. On the other hand, people's dependence on cash transactions and public understanding of payments through QRIS are the main challenges faced by Bank Indonesia Jakarta Representative Office in implementing non-cash payments through QRIS for MSMEs in Jakarta.
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Shella, Shella, Elisa Elisa, Epehulisa Br Ginting, et al. "Penerapan Teknologi Berbasis Sistem Informasi Terhadap Penggunaan Transaksi Pembayaran QRIS Dalam Meningkatkan Efisiensi Operasional." Jurnal Ilmiah Raflesia Akuntansi 11, no. 1 (2025): 37–44. https://doi.org/10.53494/jira.v11i1.823.
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This study aims to analyze the opportunities and challenges in implementing QRIS as a digital payment method for MSMEs in Tepi Laut Tanjungpinang. With the increasing trend of cashless transactions, this research explores the benefits, obstacles, and optimization strategies for QRIS adoption among small and medium enterprises. The research method used is a qualitative approach through direct observation and interviews with several MSMEs that have adopted QRIS, such as Pisang Kembung Viral, Es Jeruk Kiamboy, MK Dimsum, Teh Tarik Malaysia Brother, and Corndog Tarik Lumer. The phenomenon underlying this research is the rising adoption of digital payments among MSMEs, which still faces various challenges, such as customer preference for cash and technical transaction issues. The findings indicate that QRIS offers multiple benefits for MSMEs, particularly in enhancing operational efficiency, speeding up transactions, and facilitating financial record-keeping. However, challenges persist, including technical constraints and administrative fees that may reduce business profits. The conclusion of this study highlights the importance of customer education, selecting QRIS service providers with lower administrative costs, and improving infrastructure to ensure smooth digital transactions. As recommendations, MSMEs are encouraged to actively promote QRIS usage among customers, collaborate with digital financial service providers, and leverage social media to expand cashless transactions.
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Raphael, Lupiya, and Mwange PhD/DBA Austin. "An Empirical Investigation of the Effect of Cashless Transactions on the Financial Performance of MSMEs at Carousel Shopping Mall, Lusaka Zambia." Journal of Economics, Finance And Management Studies 08, no. 05 (2025): 2751–60. https://doi.org/10.5281/zenodo.15378306.
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Purpose: The aim of this study was to investigate the effect of Cashless transactions on the Financial performance of MSMEs at Carousel Shopping Mall, Lusaka ZambiaMethodology: A descriptive cross-sectional research design was employed, Using Stratified sampling a sample of 138 MSMEs at Carousel Shopping Mall in Lusaka, Zambia were selected. Major statistical tools of analysis included summary statistics of percentages, Pearson correlation and multiple regression analysis. All tests were conducted at 0.05 level of significance.Findings: The findings underscore the importance of mobile money and internet banking services in enhancing the financial performance of MSMEs in a cashless economy. The study provides valuable insights for policymakers, business owners, and researchers on the benefits and challenges of adopting cashless payment systems
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Fitria, Ulfa. "CASHLESS PAYMENT SEBAGAI INOVASI MANAJEMEN KEUANGAN PENDIDIKAN PONDOK PESANTREN." Jurnal Manajemen Pendidikan Islam Darussalam 6, no. 1 (2024): 41–52. https://doi.org/10.30739/jmpid.v6i1.3009.
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The development of digital technology is entering the era of society 5.0 where humans have a close relationship with technology in their lives. This study aims to determine the mechanism for implementing cashless payments as an innovation in the financial management of the Darussalam Islamic boarding school Blokagung Banyuwangi Tegalsari Banyuwangi. This research uses a qualitative descriptive research method. In this research, the researcher himself is the instrument (human instrument) and there is a supporting instrument in the form of an interview guide grid. Data collection was carried out using observation, interviews and documentation techniques. The validity of the data in this research uses data triangulation. The results of this research are: The implementation of the cashless payment system at the Darussalam Islamic Boarding School Blokagung Tegalsari Banyuwangi was carried out in four stages, namely: Determining cashless payment system innovation, Determining the cashless payment system budget, Implementing the cashless payment system program, Evaluation of the implementation of the cashless payment system.
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Shella, Shella, Elisa, Everlin Everlin, Shelia Shelia, and Zona Kharisma Sinta. "Analisis Peran Platform Digital Dalam Meningkatkan Strategi Pemasaran Dan Penjualan UMKM Di Tepi Laut Tanjungpinang." Jurnal Ilmiah Raflesia Akuntansi 11, no. 1 (2025): 104–12. https://doi.org/10.53494/jira.v11i1.834.
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— This study aims to analyze the role of digital platforms in enhancing marketing strategies and sales of MSMEs in Tepi Laut Tanjungpinang. The research employs a qualitative method with a direct interview approach. The study focuses on five MSMEs: Pisang Kembung Viral, Corndog Tarik Lumer, MK Dimsum, Teh Tarik Malaysia Brother, and Es Jeruk Kiamboy. Interviews were conducted on March 2, 2025, to gather insights into digital marketing strategies and the adoption of digital payment systems, particularly QRIS. The findings indicate that most MSMEs have utilized social media platforms like Instagram, but their usage remains limited. Some MSMEs have adopted QRIS, yet its effectiveness varies depending on customer habits in conducting cashless transactions. The study concludes that digital platforms hold significant potential for improving marketing and sales performance among MSMEs. However, more optimal strategies are needed to maximize their utilization. MSMEs should actively manage social media, enhance customer awareness of digital payments, and collaborate with online food delivery platforms to expand market reach.
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Marie Mezoh, Penn. "Exploring the Advantages of Cashless Payment Systems: A Comprehensive Review." International Journal of Research and Innovation in Social Science VIII, no. X (2024): 553–64. http://dx.doi.org/10.47772/ijriss.2024.8100047.
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Cashless payments are widely used for making payments between individuals and companies worldwide. Vendors have been drawn to these payment methods due to their perceived ease of use and low cost of transaction equipment. This study explores different payment methods and discusses the benefits of cashless payment, some drawbacks are mentioned for balance. The study systematically reviews several scholarly papers to assess non-cash payment methods and digital payment advantages. The method used in this study was based on secondary data that’s mainly a review of what other respected authors have published. No fieldwork was implemented aside from reading and comparing papers on cashless payment systems. The study discovered various digital payment approaches with advantages. Regardless of the difficulties encountered by users in the daily use of these e-money systems, the global trend is shifting towards a cashless economy. It is important to note that the cashless payment system is fast growing, and its benefits cannot be overlooked even though some downsides have also been recorded such as perceived risks, Insufficient security, the absence of government engagement in certain digital payment systems, such as Cryptocurrency, discourages financial institutions.
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Merla, J. V., and Jeya Merlin D. Deepha. "Barriers to cashless payment adoption." i-manager's Journal on Digital Forensics & Cyber Security 3, no. 1 (2025): 49. https://doi.org/10.26634/jdf.3.1.21336.
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The cashless payment system has experienced significant growth within the banking industry due to its convenience and numerous benefits, which makes cashless payments more appealing to consumers than traditional cash transactions. Despite these advantages, customers face barriers that hinder the full adoption of cashless payment systems. At the same time, customer trust plays a vital role in the adoption process, with factors like reliability, transparency, security, privacy, and responsiveness in digital payment platforms. This research aims to examine the barriers and trust determinants of cashless payment adoption using a convenience sampling method with a sample size of 120 respondents from Kanyakumari District. The results indicate that security concerns, digital illiteracy, and inadequate infrastructure are the primary barriers, while privacy, security measures, responsiveness, and reliability are critical in building trust among users. The study suggests various measures such as improving infrastructure, enhancing security features, and educating customers to promote the growth and adoption of cashless payment systems. Addressing these barriers and enhancing the understanding of customer trust will foster the rapid growth and adoption of cashless payment systems.
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Zulfa Dwi A, Fadilla Qurrata A, Noor Mohammad Rozi, and Maryatul Kibtiyah. "The Role of Qris as a Digital Payment Revolution to Develop Business in Sendang Asih Beach, Sendangsicat Village, Rowosari District, Kendal Regency." Prosiding Seminar Nasional Manajemen dan Ekonomi 3, no. 1 (2024): 113–17. http://dx.doi.org/10.59024/semnas.v3i1.439.
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The majority of residents in Sendangsikucing Village are fishermen and some people choose to look for marine products to meet their daily needs, because a fisherman's salary is not commensurate with their needs. Several MSMEs in Sendangsikucing village were important targets in the research. Limited product marketing is an obstacle in increasing sales turnover which is still done manually. The specific aim of implementing the Community Service Program in Sendangsikucing Village, Rowosari District, is to assist the village government in reviving the community economy among MSMEs. Based on payment techniques that still use the manual method, QRIS is the national QR code standard as a code payment medium, where the physical to digital payment method is more efficient. So, it is hoped that this service will be able to help provide positive energy to the community in the transformation towards a cashless society and the results of this activity will be directly put into practice by MSMEs on Sendang Asih beach using the QRIS application for payment transactions. In addition, this research can be used as a valuable reference source for banks or non-bank institutions to develop appropriate strategies to attract MSMEs to use QRIS.
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Sundari, Sri, Fatimah Zahra, Rizki Inmas Pratiwi, and Syamsuddin Syamsuddin. "Literature Review: Analysis of QRIS Implementation as a Digital Payment Tool for MSMEs." International Journal of Business and Applied Economics 3, no. 6 (2024): 1065–76. https://doi.org/10.55927/ijbae.v3i6.11907.
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Technological developments have penetrated the payment transaction sector. In particular, contactless payment methods have experienced very rapid development. The public has been introduced to a cashless society. In response to this development, Bank Indonesia issued a regulation on the implementation of one QR code that can be used in various payment applications called the Quick Response Indonesian Standard (QRIS). This article is a literature study that describes the implementation of QRIS as a digital payment tool for MSMEs in Indonesia. Through the analysis of relevant documents and literature, the findings of the article show that the implementation of QRIS provides many benefits, such as ease of transactions and transaction recording, practicality and safety from the circulation of counterfeit money. However, there are still several obstacles in its implementation. Therefore, it is hoped that the QRIS program will continue to innovate and optimize services to achieve inclusive and sustainable economic growth.
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Asst., Prof. Candida Allan Gomes. "Emerging Trend in Digital Payment and Its Impact." International Journal of Advance and Applied Research 4, no. 5 (2023): 35–42. https://doi.org/10.5281/zenodo.7740319.
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This research project about the emerging trend in digital payment and its impact. This research project also tries to understand if there are any specific variables that persuade people to opt for digital payment system. The project needs to survey a group of people from various age group to either approve or disprove of the stated hypotheses and give appropriate suggestions based on the findings thus obtained. It covers numerous variables like safety, convenience, incentives offered, financial literacy, internet connection among other factors. It has also tried to list the importance of having a cashless payment widely implemented. An attempt has been made in this research project to enumerate the advantages and disadvantages of digital payment system. While researching for this project, I came across numerous initiatives taken by the Government to further motivate people to make the transition to cashless payment systems. The push towards having a predominantly cashless economy has certainly not been easy. The challenges encountered have been itemized in this project as well. All of the primary data collected with the help of a questionnaire has been tabulated. Percentage analysis and rank analysis has been conducted to become aware of which factor contributes the most and which variable has the least impact on an individual’s decision on whether a cashless economy has positively or negatively affected them. Lastly, this lengthy research project aspires to come up with recommendations as to what can be done by the concerned authorities to make certain that more people choose to start using cashless payment systems in their day-to-day life.
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Muralidhara, S. V. "UPI Challenges and Direction in Fund Management with Special Reference Banking Sector." International Journal for Research in Applied Science and Engineering Technology 9, no. 12 (2021): 1588–93. http://dx.doi.org/10.22214/ijraset.2021.39592.
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Abstract: After demonetization, there was a massive requirement for currency notes, but the government was unable to provide the required quantity of currency notes, and also Indian government wanted to promote cashless transactions. UPI is built over Immediate Payment Service (IMPS) for transferring funds using Virtual Payment Address (a unique ID provided by the bank). Unified Payments Interface is a payment system launched by (NPCI), which is National Payments Corporation of India, and is regulated by the (RBI) Reserve Bank of India, which provides the facility of instant fund transfer between two bank accounts online through payment apps. Digital transactions by UPI have been made very easy. The UPI service is available 24X7, and it is not like RTGS and NEFT, which do not work on holidays and non-banking hours. This will bring tremendous efficiency to the system and help India become a cashless economy. Keywords: Digital illiteracy, Online payments, cashless economy UPI, Mobile phone, digital payment mode
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Fathima, Kausar, and Vijaya Bharathi. "Cashless Payment System: A Study on Perception of Small and Medium Retailers." International Journal of Advanced Business Studies 3, no. 2 (2024): 21–30. http://dx.doi.org/10.59857/ijabs.2570.
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The cashless payment system has been prevailing strongly in every business field because of its unique and convenient nature. All the financial transactions have been made easier through this system. It has reduced the hassle of carrying physical cash and also the trepidation of losing money. Innovative technologies such as UPI, E-wallets, Mobile banking, Smart cards, etc., have encouraged digital transactions in businesses. Cashless payment system plays a crucial role in retail business due to the higher activity of transactions in the retail business. It helps the retailers in sustaining transparency and accountability of their business transactions. Due to digital illiteracy and security issues, many retailers and customers are still preferring the traditional cash payment system. Many initiatives have been taken up by the Indian government to promote digital transactions and subside the flow of black money to some extent which leads to the economic development of the country. The research study aims to understand the perception of the retailers of medium and small businesses in Andhra Pradesh. The study focuses on the awareness among the retailers towards cashless payment system and also the problems faced by them through this system. The primary data was collected from 100 respondents who were small and medium business retailers in the Kadapa district of Andhra Pradesh. The study concluded that most of the retailers have adopted and are using cashless payment system in their business.
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Shreekumar, T. "Token Generation through Cashless Transaction with RFID." International Journal for Research in Applied Science and Engineering Technology 11, no. 5 (2023): 4001–7. http://dx.doi.org/10.22214/ijraset.2023.52520.
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Abstract: Digital transformation means the adaptation of the power of new technology to create a better experience for users. As part in the digital world our project aims to create a payment system for students inside the college. So, we have developed a payment system that enables students to pay with their ID cards inside the campus like stationary, canteens, food courts and hostellers can pay their mess bill. Our project utilizes RFID technology and Raspberry Pi to create a seamless payment experience for students using their NFC-enabled student ID cards. Students and cashier can also track their transaction in mobile application that are developed. Also, Students can easily recharge their ID cards using the mobile application. This system provides a user-friendly, efficient, and secure payment option that reduces the need for physical exchange of cash or sensitive payment information while using third party apps.
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Dhoke, Satish. "Digital Payment System in India: Development and Future Consideration." Studies in Indian Place Names 40, no. 38 (2020): 219–24. https://doi.org/10.5281/zenodo.10451412.
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<strong>Abstract:</strong>This research paper aims to explore in India a digital payment system, and thus identify development and future consideration. The paper discusses conceptual framework, digital payment platforms, instruments and services available in the economy and their robustness. The also defines strategies to overcome the challenges faced by the economy in digitizing the financial system.The present research paper is focusing on the impact of these new digital paymentsystems on customers and problems encountered if any.<strong>Keyword:-Digital payment, Cashless system, Online payment, Payment Systems, Mobile </strong><strong> Payments</strong>
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Sapna and Kumar Neelabh Dr. "An Exploratory Study On Indian Customer's Satisfaction With Cashless Transactions Through Digital Payments." International Researcher's Journal Volume-XII, ISSUE-4 (2025): 54–67. https://doi.org/10.5281/zenodo.15297598.
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<strong>Abstract:</strong> <em>This paper explores customer satisfaction towards digital payments and understand dependability in cashless transactions. The main purpose of this study is to find out the customer satisfaction towards cashless transactions with the help of digital payments. Today technology playing vital role in all segments and even no exception in the banking and trade sectors. Digital payments means, the transfer of value of money from one payment account to another payment account using electronic devices like mobile phones, POS (Point of Sales), internet banking etc. Revolution in the smartphones commanded to rapidly increase in the usage of digital payments, now small street vendors to big organisations are accepted the cashless transactions system.</em>
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Journal, IJSREM. "Advance Payment System using Wireless RFID Technology." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 01 (2024): 1–6. http://dx.doi.org/10.55041/ijsrem28410.
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As the world is moving toward a digital era, cashless payments are quite in demand. Smart cards that need to be swiped are vulnerable to skimming attacks and data theft. Thus, there is a need to have a cashless transaction system that is fast as well as secure and allows hassle-free transactions. This Work propose a novel approach to develop an advanced cashless payment system based on RFID that can be deployed anywhere to enable faster smoother, and secure transactions. The users of the system will have to be pre- registered and all the user-related information will be saved in a MySQL database the system will be programmed using HTML, CSS, and PHP or any supporting back-end programming language. The RFID reader will interact with a microcontroller ESP32 WROOM and the Microcontroller will be connected with an application using a WIFI module built into the micro-controller. Key Words: RFID Technology, Wireless Payment Systems, Secure Transactions.
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Srouji, Jeremy, and Dominique Torre. "The Global Pandemic, Laboratory of the Cashless Economy?" International Journal of Financial Studies 10, no. 4 (2022): 109. http://dx.doi.org/10.3390/ijfs10040109.
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The COVID-19 pandemic has had a profound impact on payment systems and preferences around the world, reducing the use of cash in favor of digital payment instruments and accelerating the discussion around the need for a central bank digital currency. This article presents the digital payments and cashless agenda before and after the pandemic, focusing on how the changing payments landscape has influenced the priorities and decisions of regulators, banks and other financial intermediaries, with regards to the future shape of payment systems. It finds that while the pandemic demonstrated the benefits associated with building an advanced, competitive and integrated digital payments eco-system, it has also brought to the forefront more fragmentation than convergence between payment systems in different regions of the world.
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Raut, Nileshkumar. "DIGITAL PAYMENT SYSTEM IN INDIA – PATHWAY TO DIGITAL INDIA." International Journal of Management, Economics and Commerce 1, no. 1 (2024): 55–58. http://dx.doi.org/10.62737/7h71af15.
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Indian economy is becoming a cashless economy even before and after the time of covid-19. Also, various methods and tools for making digital payments have evolved a lot since the establishment of NPCI. Nowadays even small shopkeepers, street vendors are accepting the option of digital payment. Apart from this, overseas markets currently accepting UPI payments include Singapore, Malaysia, UAE, France, Nepal, UK, Mauritius, Sri Lanka. In the present paper, the digital payment system in India has been studied in detail. Major tools and methods of digital payment system, benefits of digital payment system and future challenges are studied. The information for the present study is obtained from secondary data. Mainly the information has been obtained from the website of Digital India, NPCI and research papers done in this area. At the conclusion of the current investigation, it is evident that there are advancements observed in diverse tools and techniques of Digital India.
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Permana, Dewa Gde Yoga, and Julang Aryowiloto. "Implementation of QRIS Digital Payments to Encourage The Development of Local MSMEs in Bali." Ilomata International Journal of Management 5, no. 2 (2024): 559–68. http://dx.doi.org/10.61194/ijjm.v5i2.1149.
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The presence of QRIS can be applied at various business scales, including MSMEs which are an important pillar of the Indonesian economy. The problem in this research is to determine the implementation of using QRIS as a payment method in the growth of MSMEs in Bali? This research aims to see the level of development of local MSMEs in Bali with QRIS as their digital payment. This research is quantitative descriptive. By using this method, the data collected only follows the criteria and objectives of this research for MSMEs that use the QRIS digital payment system. The results of this research analysis show that the growth of MSME data for each district in Bali has increased, as proven from the beginning of 2020 to August 2023. Seeing the increase in the number of QRIS merchants every year in the Bali Province region illustrates the positive impact it has had on the use of QRIS as a digital payment system. By using a digital-based payment system (QRIS), their merchandise turnover has increased rapidly, thereby improving the economic development of local Balinese MSMEs. Many customers are switching from cash payments to transactions using the QRIS digital payment medium, because of its convenience and security. So more and more local Balinese MSMEs are using QRIS, indicating that QRIS is improving the economy of MSMEs in Bali.
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Mary, Judit A., and Subi G. Sweetlin. "Impact of cashless economy on consumer transaction." B-Research 24, no. 2 (2024): 5. https://doi.org/10.26634/bresearch.24.2.21361.
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Digital payments experienced significant growth after demonetization, driven by government and banking regulators' efforts to promote a 'less-cash economy.' The integration of new-age technology with traditional banking methods has created a favorable environment for the financial ecosystem, providing customers with more options in the payment system space. This study aims to examine the acceptance of cashless payment methods among consumers and identify consumer perceptions of cashless transactions. It focuses on the impact of a cashless economy on consumer transactions in Kanyakumari District. Primary data were collected using convenience sampling with a sample size of 100, while secondary data were sourced from journals, books, websites, and databases. The study concludes that the widespread adoption of digital payments will foster the growth of a cashless economy, promoting transparency, reducing corruption, and facilitating economic progress.
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Wonglimpiyarat, Jarunee. "Technological Change of the Innovation Payment System." International Journal of Innovation and Technology Management 13, no. 04 (2016): 1650014. http://dx.doi.org/10.1142/s0219877016500140.
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This paper explores the process of technological change in the payment system. In particular, the study aims to gain understanding if Bitcoin would bring about a paradigmatic shift toward a cashless society. The analysis is based on the technology S-curve and Schumpeter’s model of economic development. It is interesting to see that the swing of S-curves is not strong enough to cause a paradigm shift according to the Schumpeterian concept of creative destruction. The study also compares Bitcoin with PayPal, a similar digital currency and major online payment system, to gain insights of the new challenge toward a cashless economy. The parallel S-curve trajectories of electronic money innovations signify a move from a cash-based economy toward a less cash society.
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Rifai Apriture Afianto and Mirzam Arqy Ahmadi. "Analisis Kepercayaan dan Niat Perilaku Konsumen dalam Menggunakan QRIS Guna Mendorong Pengembangan UMKM di Kota Surakarta." Inisiatif: Jurnal Ekonomi, Akuntansi dan Manajemen 4, no. 2 (2025): 27–40. https://doi.org/10.30640/inisiatif.v4i2.3734.
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The development of digital payment technology, particularly QRIS, facilitates cashless transactions and is expected to promote the growth of Micro, Small, and Medium Enterprises (MSMEs) by simplifying transactions between consumers and business owners. Surakarta was chosen as the research location due to its relatively low number of QRIS users, despite the significant potential to increase the adoption of digital payment systems. The study involved 105 respondents. The analysis results show that Mobile Usability significantly affects Interest, Attitude, and Intention (p < 0.05), while Trust does not significantly affect Interest but does influence Attitude and Intention. Attitude and Intention were found to significantly affect Interest. The model used has an R² value of 0.286 for Interest and 0.419 for Attitude and Intention, indicating that the model effectively explains the relationship between the independent and dependent variables. This study has limitations, including a small sample size and constructs that lack convergent validity, which need to be addressed in future research. The findings provide valuable insights into the impact of QRIS usage and trust on consumer attitudes and intentions in adopting digital financial technology, which is expected to support the development of MSMEs and the digital transformation in Surakarta.
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Teyensi, Teyensi, Anela Nistiani, Ledya Febrianti, and Andi Harpepen. "Pelatihan Penerapan Pembayaran QRIS pada UMKM untuk Meningkatkan Efisiensi Transaksi." Mestaka: Jurnal Pengabdian Kepada Masyarakat 4, no. 3 (2025): 238–43. https://doi.org/10.58184/mestaka.v4i3.672.
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The advancement of digital technology encourages Micro, Small, and Medium Enterprises (MSMEs) to adopt more efficient cashless payment systems. QRIS (Quick Response Code Indonesian Standard) is one of the innovative solutions implemented to enhance transaction efficiency in the MSME sector. This study aims to analyze the implementation of QRIS at the Geprek Cila MSME and its impact on financial transaction efficiency. The activities were conducted using a Participatory Action Research (PAR) approach, through field observations, training, and technical assistance. The results show that the use of QRIS accelerates the payment process, minimizes the risk of error and cash loss, and improves the accuracy of financial records. Furthermore, the implementation of QRIS supports financial inclusion and enhances consumer trust. This study recommends continuous assistance and the enhancement of digital literacy among MSME actors to support equitable and sustainable digital transformation.
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Otabek, Abdullayevich Eshqovov. "Problems and prospects of the development of cashless payments: the role of the banking system and the state." Multidisciplinary Journal of Science and Technology 3, no. 4 (2023): 20–23. https://doi.org/10.5281/zenodo.10071697.
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Cashless payments have become increasingly popular in recent years, with many countries adopting digital payment systems to improve efficiency and reduce the need for physical cash. However, the transition to cashless payments also creates a number of problems and disadvantages that need to be addressed. In this article, we study the problems and prospects of the development of cashless payments, focusing on the role of the banking system and the state.
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Suryanto, Suryanto, Herwan Abdul Muhyi, and Poni Sukaesih Kurniati. "PENGGUNAAN DIGITAL PAYMENT PADA USAHA MIKRO, KECIL, DAN MENENGAH." AdBispreneur 7, no. 1 (2022): 55. http://dx.doi.org/10.24198/adbispreneur.v7i1.39452.
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This study aims to analyze the transformation of micro, small and medium enterprise (MSMEs) financing in Indonesia. This research is motivated by the phenomenon of MSMEs, which often face problems in financing. However, on the other hand, financial institutions find it difficult to find a database of MSMEs to channel their loans. This study uses a descriptive method with a qualitative approach. Sources of data were obtained from various sources, both primary and secondary. Primary data is obtained from statements made by informants from the Financial Services Authority, the Association of Indonesian Crowdfunding Services, crowdfunding players, and MSMEs that have taken advantage of crowdfunding. Meanwhile, secondary data were obtained from several published articles. The results show that the government has helped provide a source of financing for MSMEs, both through banking and non-banking. However, there were several obstacles that occurred in the field, both from MSMEs and financial institutions. The presence of securities crowdfunding instruments raises new hopes for MSMEs in fulfilling financing. In addition to an easy submission procedure, access can also be done via a digital platform.Penelitian ini bertujuan untuk menganalisis penggunaan digital payment pada Usaha Mikro, Kecil Dan Menengah (UMKM). Metode penelitian yang digunakan adalah kualitatif dengan jenis penelitian eksploratif. Sumber data diperoleh dari hasil wawancara mendalam dan studi literatur. Wawancara dilakukan dengan beberapa informan, antara lain: perusahaan asosiasi fintech, Bank Indonesia, Asosiasi UMKM Indonesia, dan perusahaan pengguna digital payment. Hasil penelitian menunjukkan bahwa penggunaan system pembayaran telah mengalami evolusi sejak jaman barter hingga system digital payment. Penggunaan system digital payment banyak memberikan beberapa manfaat. Adapun manfaat penggunaan digital payment dapat dirasakan baik oleh pelaku usaha sendiri maupun oleh konsumen. Dengan demikian penggunaan digital payment mampu meningkatkan efektivitas dan efesiensi khususnya bagi pelaku UMKM. Kesimpulan dari penelitian ini bahwa penggunaan digital payment mampu meberikan berbagai manfaat bagi pelaku UMKM.
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Husnayetti, Husnayetti, Ellya Sestri, and Irma Novida. "Analisis Faktor Penentu Preferensi Masyarakat Milenial Dalam Menggunakan Sistem Pembayaran Secara Cashless Di Tangerang Selatan." Jurnal Teknologi Informasi (JUTECH) 1, no. 1 (2020): 33–47. http://dx.doi.org/10.32546/jutech.v1i1.851.
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The study focuses on the determinants of the millennial community preference in using cashless payment. The aim of research to identify factors that considered the millennial to use cashless payment. In theory, the factors that encourage people to adopt and use electronic payment system as follows: Socio-demographic consisting of age, sex, education and language, Financial, Technology (frequency of use of mobile banking phone, a personal computer, the Internet, PDAs and the use of the service over the phone) and Supply-side by counting the number of POS (Pont Off Sale) and ATM. Furthermore, the high range of the technology and the Internet and systems digital payment (cashless)The earliest touching the millennial so in this study conducted in the millennial who use cashless payment in South Tangerang method is purposive sampling, the data obtained through questionnaires distributed to 100 respondents. The questionnaire prepared by the Likert scale and analyzed using factor analysis and descriptive analysis. From the results of the study showed that the determinants of the millennial use payment cashless is the ability of financial (X1) with a loading factor 0.736, Convenience Payment (X2) with loading factor of 0.732, Ease of transacting (X3) with a value of 0.875 and Special Promo (X4) with a value of 0.826-factor loading.