April 30, 2024TechnovateOpen Access

The Role of Fintech on Enchancing Financial Literacy and Inclusive Financial Management in MSMEs

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Fintech improves access to financial services and enhances financial literacy among MSMEs, enabling better decision-making.
Improving financial management through fintech tools, such as digital payments and online loans, supports MSMEs' growth.
Analysis utilizing literature review highlights the challenges faced by MSMEs in accessing traditional financial services and the potential of fintech to address these issues effectively and efficiently. The need for increased understanding and adoption of fintech solutions is critical for the sustainability of MSMEs, particularly in developing economies.

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Descriptive analysis highlights fintech's positive impact on financial access and literacy in MSMEs, suggesting significant benefits.

Hamid et al. (2024) studied this question.

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