American Journal of Information Systems
ISSN (Print): 2374-1953 ISSN (Online): 2374-1988 Website: Editor-in-chief: Sergii Kavun
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American Journal of Information Systems. 2020, 8(1), 8-12
DOI: 10.12691/ajis-8-1-2
Open AccessArticle

Application of Financial Technology for MSMEs in Indonesia

Nuriah Indrarini1, and Rudy Hartanto1

1Department of Electrical Engineering and Information Technology, Gadjah Mada University, Yogyakarta, Indonesia

Pub. Date: June 18, 2020

Cite this paper:
Nuriah Indrarini and Rudy Hartanto. Application of Financial Technology for MSMEs in Indonesia. American Journal of Information Systems. 2020; 8(1):8-12. doi: 10.12691/ajis-8-1-2


The growth of MSMEs in Indonesia in line with the economic growth of the community has always been increasing every year. The increasing number of MSMEs is a challenge among business people. Capital constraints, online trading transactions, bookkeeping, and product marketing between regions make MSMEs look towards Fintech as a support for their business. However, there are not many MSMEs that use Fintech optimally due to several factors, they are not familiar with the Fintech service system, the security of the Fintech system used, the amount of capital loan interest at Fintech lending. This study analyzes the use of Fintech for MSMEs and the opinions of MSME actors about Fintech in Indonesia. This research was conducted by analyzing the needs of MSMEs and filling out questionnaires involving 30 respondents. Based on the research, a positive result was found that 56.7% agreed on the Fintech usage variable and 63.3% agreed on the Fintech benefit variable. The use of Fintech by MSMEs in Indonesia received a positive response to the use of Fintech payment while the use of Fintech lending was a consideration for respondents to use.

fintech fintech for MSMEs

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