The Impact of Digital Payment Systems on Small and Medium Enterprise (SME) Growth
Keywords:
Digital Payment Systems, SME Growth, Transaction Efficiency, Customer Expansion, Financial PerformanceAbstract
This study explores the influence of digital payment systems on the growth of small and medium enterprises (SMEs). Utilizing a quantitative approach, the research examines key indicators of SME growth, such as sales, customer base expansion, and transaction efficiency, before and after adopting digital payment systems. Findings reveal a significant positive correlation between digital payment adoption and SME growth metrics, suggesting that digital transformation in payments is instrumental in enhancing financial performance and market reach for SMEs.
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