DEVELOPMENT OF MSMES WITH FINANCIAL TECHNOLOGY IN THE SOCIETY ERA 5.0: DIGITAL FINANCIAL LITERACY, DIGITAL WALLET, DIGITAL ACCOUNTING

Abstract

Society 5.0, where technology becomes part of humans themselves, not only to share information, but also to make everyday life easier.Financial technology (FinTech) is a new type of business that uses digital technology and utilities to make financial transactions more convenient. Fintech It can also help MSMEs manage their finances better, reduce transaction costs and credit risk, make record keeping easier, as well as expand markets and increase competitiveness. Therefore, writing this paper through study and analysis from various reference sources regarding the topics and problems discussed wants to see the rolefintech in the development of MSMEs in this erasociety 5.0. In our discussion we will look at the level of digital financial literacy of MSMEs in facing this erasociety 5.0, the existence of digital wallets in improving MSMEs, the use of digital accounting in MSMEs. In the end we will conclude how the rolesfintech in the development of MSMEs in this erasociety 5.0. This research uses a literature study type of research with qualitative research. Literature study research (dataresearch) by collecting data on several literatures that are relevant to the research results. Fintech in general has a very important role in the development of MSMEs in Indonesia. Fintech can provide convenience and efficiency in terms of technology-based financial management including online-based loans, financial digitalization, payment technology and digital accounting book keeping.