The Impact of Digital Payment Systems on Small and Medium Enterprises (SMEs)
DOI:
https://doi.org/10.31033/IJEMR/16.2.2026.1899Keywords:
Digital Payments, SMEs, Cash Flow Management, UPI, Transaction FeesAbstract
Digital payment systems, including mobile wallets, online banking, and card transactions, have revolutionized Small and Medium Enterprises (SMEs) by enhancing operational efficiency, increasing sales through improved customer convenience, and boosting financial security. Adoption enables real-time tracking, better cash flow management, and reduced risks associated with cash handling. While challenges like transaction fees, security concerns, and infrastructure requirements exist, the overall impact is overwhelmingly positive, aiding in modernization and competitiveness.Digital payment systems, including mobile wallets, online banking, and card transactions, have revolutionized Small and Medium Enterprises (SMEs) by enhancing operational efficiency, increasing sales through improved customer convenience, and boosting financial security. Adoption enables real-time tracking, better cash flow management, and reduced risks associated with cash handling. While challenges like transaction fees, security concerns, and infrastructure requirements exist, the overall impact is overwhelmingly positive, aiding in modernization and competitiveness.
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Copyright (c) 2026 Chitranjan Singh
This work is licensed under a Creative Commons Attribution 4.0 International License.
Research Articles in 'International Journal of Engineering and Management Research' are Open Access articles published under the Creative Commons CC BY License Creative Commons Attribution 4.0 International License http://creativecommons.org/licenses/by/4.0/. This license allows you to share – copy and redistribute the material in any medium or format. Adapt – remix, transform, and build upon the material for any purpose, even commercially.
