Impact of Fintech Payment Solutions on the Income of Micro and Small Businesses in the District of Veintiséis de Octubre, 2022. (#821)

Authors

Merino Saavedra, Carlos Antonio

Garcia Mandamientos, Edme Martha

Mendoza Arica, David Pamar

Jurado Rosas, Adolfo Antenor

Lecca Reaño, Karla Patricia

Cespedes Crisanto, Nelly Yessenia

Montes Baltodano, Germán Hildejarden

Abstract

The objective of the research was to analyze the relationship between the Fintech payment method and the income of micro and small enterprises (MSEs) in the district of Veintiseis de Octubre during the year 2022. A quantitative approach was used, with a non-experimental cross-sectional design and correlational scope. Data collection was carried out through surveys applied to a sample of 370 MSEs in the district. The results revealed a significant positive correlation between the two factors, with a Spearman coefficient of 0.754. This indicates that the use of financial technology for payments has a favorable influence on the income of MSEs, suggesting that the adoption of financial technologies can become a key strategy for improving the economic performance of these enterprises. The study also highlights that digitization and technological innovation not only optimize operational processes but also open up new business opportunities. By facilitating access to broader markets and improving the customer experience, financial technology is establishing itself as a transformative tool for the growth of microenterprises in today's environment.