Determinant Factor Influencing Financial Inclusion in MSMEs

Abstract

The aim of the research is to analyze the influence of financial behavior on financial inclusion using financial technology as a mediating variable. The research method used is a quantitative method. The population of this research is MSME stakeholders in Banyumas Regency. Regarding this research, 100 samples were collected using target sampling techniques. The data collection method uses a questionnaire and is distributed to MSMEs that have implemented financial technology in their activities. The results obtained are that financial literacy has a positive effect on financial inclusion, financial behavior has no effect on financial inclusion. In this study, financial technology has an effect in moderating the impact of financial literacy and financial behavior on financial inclusion of MSMEs in Banyumas Regency. The study introduces novelty by examining psychological factors in financial literacy and financial behavior, and how these two factors influence MSMEs in accessing formal financial services.