The Effect of Fintech Payment Integration and Cash Flow Management on the Financial Stability of Digital MSMEs in Indonesia
DOI:
https://doi.org/10.55927/jfbd.v5i2.23Keywords:
Fintech Payment Integration, Cash Flow Management, Financial Stability, Digital MSMEs, Financial ManagementAbstract
This study examines the effect of fintech payment integration and cash flow management on the financial stability of digital MSMEs in Indonesia. The study contributes to financial management literature by highlighting the role of digital payment systems in enhancing business resilience. A quantitative explanatory approach was employed using a survey of 300 digital MSME owners who actively utilized fintech payment services. Data were collected through structured questionnaires during the 2025 research period and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that fintech payment integration and cash flow management have positive and significant effects on financial stability. These findings imply that effective fintech adoption and sound cash flow practices are essential for strengthening the sustainability and financial resilience of digital MSMEs.
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