FINANCIAL LITERACY AND FINANCIAL TECHNOLOGY: THE INFLUENCE ON THE FINANCIAL PERFORMANCE OF YOUNG ENTREPRENEURS IN DEVELOPING REGIONS

Rafli Akasyah, Darma Wijaya, Muhammad Dahriansyah, Asriani Rizki Barus, Sri Rahayu

Abstract


Abstract: Financial literacy helps entrepreneurs understand how to manage their money better, while fintech offers a more practical and modern way to access financial services. This study discusses how financial literacy and financial technology (fintech) affect the financial performance of young entrepreneurs in developing regions. This study uses literature review research with data sources in the form of scientific article literature, which involves in-depth analysis of various relevant previous studies. The data collection technique is in the form of a Library study. The results of the study show that financial literacy and financial technology do have a major influence on the financial performance of young entrepreneurs in developing regions. With good financial literacy skills, young entrepreneurs can understand and manage cash flow, budget planning, and debt and investment management more effectively. Meanwhile, the adoption of financial technology facilitates entrepreneurs in accessing financial services more easily and efficiently, especially for those who are limited by access to conventional banking.

 

Keywords: Financial Literacy, Financial Technology, Financial Performance

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References


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DOI: https://doi.org/10.3059/insis.v0i0.22728

DOI (PDF): https://doi.org/10.3059/insis.v0i0.22728.g12665

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