The Influence of Financial Literacy, Financial Inclusion, and Digital Payments on the Financial Performance of MSMEs in Pontianak City
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Financial Literacy,
Financial Inclusion,
Digital Payments,
Financial Performance
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Abstract
Micro, Small, and Medium Enterprises (MSMEs) are a key pillar of the Indonesian economy, contributing to income equality, job creation, and national economic growth. This study aims to determine the effect of financial literacy, financial inclusion, and digital payments on the financial performance of MSMEs in Pontianak City. An associative quantitative approach was used with a sample of 150 respondents determined through stratified random sampling. Data were collected through questionnaires and analyzed using multiple linear regression. The results showed that the three independent variables, namely financial literacy, financial inclusion, and digital payments, had a positive and significant effect on the financial performance of MSMEs, both simultaneously and partially. Financial literacy proved to have the largest influence, followed by financial inclusion, while digital payments had a smaller effect. The coefficient of determination (R²) value of 0.543 indicates that 54.3% of the variation in MSME financial performance can be explained by these three variables. All research instruments were declared valid and reliable, and the data were normally distributed and free from multicollinearity. These findings underscore the importance of improving financial literacy, expanding financial access, and adopting digital payment technologies in supporting the sustainability and growth of MSMEs.
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