Bridging Knowledge And Technology: A Systematic Literature Review On Financial Literacy, Digitalization, And MSME Sustainability
DOI:
https://doi.org/10.37385/msej.v6i5.8327Keywords:
Knowledge and Technology, A Systematic Literature Review, Financial Literacy, Digitalization, Msme SustainabilityAbstract
Low financial literacy and digital technology adoption gap are the main challenges in improving the financial performance of MSMEs in Indonesia. This study aims to identify and analyze the relationship between financial literacy, digital transformation, and MSME performance through the Systematic Literature Review (SLR) approach. Data was collected from various open access scientific publications in 2020–2025. Analysis was carried out on relevant studies using the content analysis method. The results show that the integration between financial literacy and digital transformation is a strategic combination that has a significant impact on the performance and sustainability of MSMEs. This research makes a theoretical and practical contribution to the development of a digital-literacy-based MSME empowerment model.
References
Adimas, I., Saputra, G., & Subroto, W. T. (2024). Catalysing the People ’ s Economy in the Era of Global Transformation?: Innovation and Digitalization of MSMEs. 4.
Alviani, N. A., & Munawaroh. (2025). Transformasi Digital pada UMKM dalam Meningkatkan Daya Saing Pasar berikut?: pengumpulan dan karakterisasi data , analisis , interpretasi hasil , dan rekomendasi Data yang diperoleh mencakup data kualitatif melalui proses pemilihan dan penyederhanaan data.
Astuti, D., & Rosita, R. (2024). Pentingnya Transformasi Digital UMKM dalam Pengembangan Ekonomi Indonesia Politeknik LP3I Jakarta , Indonesia Transformasi digital sangat penting untuk keberhasilan berkelanjutan UMKM di toko online dapat menjangkau audiens yang lebih luas di luar lokasi fisik mereka . Dengan.
Awaloedin, D. T., & Ardiansyah, T. (2024). Model Standar Akuntansi Keuangan Pada Laporan Keuangan UMKM Di Indonesia. Jurnal Ilmiah Raflesia Akuntansi , 10(1), 204–216.
Bright, R., & Rani, L. (2025). Micro Small and Medium Enterprises?: Driving Growth through Digital Transformation. January.
Canhoto, A. I., Quinton, S., Pera, R., Molinillo, S., & Simkin, L. (2021). Digital strategy aligning in SMEs: A dynamic capabilities perspective. Journal of Strategic Information Systems, 30(3), 101682. https://doi.org/10.1016/j.jsis.2021.101682
Citra Resmi Cahyadi, L., Suryantari, E. P., & Murti, A. A. G. K. (2023). Analisis Faktor Kesiapan Digital Dalam Melakukan Adopsi Digital Pada Umkm. Jurnal Akuntansi Profesi, 14(02), 354–364. https://doi.org/10.23887/jap.v14i02.65519
Cusmano, L., Koreen, M., & Pissareva, L. (2018). 2018 OECD Ministerial conference on SMEs: Key issues paper. OECD SME and Entrepreneurship. OECD SME and Entrepreneurship Papers, 7, 1–24. https://www.oecd-ilibrary.org/content/paper/90c8823c-en
Djatnicka, E. W., Wulandari, D. S., & Khasanah, M. (2024). Strengthening MSME Financial Reports?: The Influence of Accounting Knowledge and Education , Moderated by SAK EMKM Socialization.
Dubey, A., & Ranjan, R. (2024). Assessing the Impact of Digital Transformation on Business Operations?: A Case Study Analysis. 20, 146–158.
Dwyanti, D. (2024). The Importance of Financial Literacy in Financial Management in Micro, Small and Medium Enterprises (MSMEs). Journal of Applied Management and Business, 5(1), 1–6. https://doi.org/10.37802/jamb.v5i1.661
Dyussembayeva, L., Urazmagambetova, E., & Rakisheva, Z. (2023). Digitization and social response of SMEs to the COVID-19 pandemic. E3S Web of Conferences, 395. https://doi.org/10.1051/e3sconf/202339505002
Effendi, M. S., Malau, M., Trisnawati, N., Nasution, E. S., Firdaus, V., Paranita, E. S., Ekonomi, F., Persada, U., Yai, I., Ekonomi, F., Universitas, B., Indonesia, K., Teknik, F., Persada, U., & Yai, I. (2024). PENGENALAN LITERASI KEUANGAN BAGI UMKM HOMESTAYUNTUK MEMPERMUDAH TRANSAKSI DAN TERHINDAR DARI SCAMMER. 11(October 2023), 1825–1831.
Evanita, S., & Fahmi, Z. (2023). Analysis of Challenges and Opportunities for Micro, Small, and Medium Enterprises (MSMEs) in the Digital Era in a Systematic Literature Review. JMK (Jurnal Manajemen Dan Kewirausahaan), 8(3), 227. https://doi.org/10.32503/jmk.v8i3.4190
Febriani, R. A. (2023). Pelatihan Digital Marketing Untuk Meningkatkan Daya Saing Produk Badan Usaha Milik Desa (BUMDes). Jurnal IPMAS, 3(3), 174–182. https://doi.org/10.54065/ipmas.3.3.2023.361
Ferranti, P. A., Puspitarini, S., & Hindardjo, A. (2024). Penyuluhan Strategi Keuangan Cerdas untuk UMKM di Era Digital di Kecamatan Pondok Aren. Jurnal Pengabdian Masyarakat Singa Podium (JPMSIPO), 2(1), 46–53. https://doi.org/10.58965/jpmsipo.v2i1.27
Friska, N. L., Anisah, H. U., & Hidayatullah, M. (2024). Dampak Digitalisasi Terhadap Pertumbuhan UMKM di Negara Berkembang. 2(4).
Gunawan, A., Jufrizen, & Pulungan, D. R. (2023). Improving MSME performance through financial literacy, financial technology, and financial inclusion. International Journal of Applied Economics, Finance and Accounting, 15(1), 39–52. https://doi.org/10.33094/ijaefa.v15i1.761
Hartono, A., Roostika, R., & Darmawan, B. A. (2024). Direction on Digital Technology Adoption for SMEs Before , During and After the Pandemic Covid-19?: An Insight from Indonesian SMEs. 6798, 6169–6177.
Imfrianti Augtiah, Saefudin Saefudin, & Sujatmiko Sujatmiko. (2024). Financial literacy improvement strategy to encourage fintech adoption and MSMEs performance in Karanganyar Regency. World Journal of Advanced Research and Reviews, 22(3), 1109–1116. https://doi.org/10.30574/wjarr.2024.22.3.1807
Indah, I. (2024). Pengaruh Pembayaran Digital Dan Literasi Keuangan Terhadap Perspektif Kinerja Keuangan Umkm Di Kota Pangkalpinang. Accounting Journal of Ibrahimy (AJI), 2(1), 58–69. https://doi.org/10.35316/aji.v2i1.4776
Jamali, Wiriani, E., Jamil, M., & Evawani, C. (2023). Pelatihan Menyusun Laporan Cash flow Usaha Kecil bagi Warga Belajar Cerdas Mandiri Peureulak. BA: Jurnal Pengabdian Kepada Masyarakat, 1(1), 20–24. https://doi.org/10.58477/ba.v1i1.87
Koirala, S. (2019). SMEs: Key Drivers of Green and Inclusive Growth. OECD Green Growth Papers, 03–2019, 1–55. https://www.oecd-ilibrary.org/content/paper/8a51fc0c-en
Kulathunga, K., Ye, J., Sharma, S., & Weerathunga, P. . (2020). How does technological and financial literacy influence SME performance. Information (Switzerland), 11(297), 20.
Mabula, J. B., & Ping, H. D. (2018). Use of technology and financial literacy on SMEs practices and performance in developing economies. International Journal of Advanced Computer Science and Applications, 9(6), 74–82. https://doi.org/10.14569/IJACSA.2018.090611
Martina, S., Ferdila, & Damanik, P. (2024). THE IMPACT OF ACCOUNTING DIGITIZATION AND FINANCIAL LITERACY ON THE PERFORMANCE OF MSMES IN PEMATANGSIANTAR CITY. 6(2), 349–358. https://doi.org/10.36985/d33w6p53
Mongkol, K. (2021). The influence of dynamic capabilities on performance of small and medium firms: The case of thai SMEs. International Journal of Entrepreneurship, 25(7), 1–11.
Nengsih, T. A., Orinaldi, M., & Nurwahid, Y. (2022). Kesenjangan UMKM pada Pengelolaan Keuangan: Studi di Kota Jambi. Eksis: Jurnal Ilmiah Ekonomi Dan Bisnis, 13(2), 78. https://doi.org/10.33087/eksis.v13i2.299
Ngoda, S. R., & Thomas, P. (2024). Penentu Keberlanjutan Usaha Kecil dan Menengah (UKM): Kasus Distrik Perkotaan Dodoma, Dodoma, Tanzania. African Journal Online, Desember, 1–23.
Nurohmah, W. (2023). The Impact Of Education Level, Accountancy Comprehension, And Readiness Level Of Micro, Small, And Medium Enterprises (MSMES) In Central Jakarta On The Preparation Of Financial Reports Based On SAK EMKM. Journal Research of Social Science, Economics, and Management, 2(11), 2769–2778. https://doi.org/10.59141/jrssem.v2i11.491
Paliwal, K. (2024). Financial Inclusion and Access to Finance for Small and Medium Enterprises (SMEs) - A Literature Review. International Journal For Multidisciplinary Research, 6(1), 1–8. https://doi.org/10.36948/ijfmr.2024.v06i01.13503
Pawenang, S., Al-shami, S. A., & Wijaya, A. (2024). Empowering SMEs through Digital Financial Literacy?: Enhancing Resilience , Innovation , and Inclusivity in Malaysia. 14(4), 813–819. https://doi.org/10.6007/IJARAFMS/v14-i4/23884
Pratama, I., Rismawati, R., Pribadi, I., Aqsa, M., & Duriani, D. (2024). DIGITAL FINANCE AND FINANCIAL LITERACY?: KEY DRIVERS OF MSME SUCCESS IN EMERGING ECONOMIES. 7(27), 1–11. https://doi.org/10.35631/IJEMP.727001
Puji Lestari, Novi; Choirunnisa, Z. (2025). Transformasi Digital dan Ketahanan UMKM: Systematic Literature Review (SLR). 7(1), 355–372.
Putra, A. S. B., Kusumawati, E. D., & Kartikasari, D. (2024). Pengaruh Persepsi Keuangan dan Pengelolaan Keuangan Terhadap Perencanaan Keuangan: Peran Mediasi Literasi Keuangan. PERFORMANCE: Jurnal Bisnis & Akuntansi, 14(1), 377–391.
Putri, M. (2022). LITERASI KEUANGAN SYARIAH DAN KINERJA UMKM. Milkiyah: Jurnal Hukum Ekonomi Syariah, 1(2), 81–87. https://doi.org/10.46870/milkiyah.v1i2.240
Riswanti, B. M., & Farida, S. N. (2023). Penguatan UMKM Desa Pakel Melalui Implementasi Sosial Media Dan Platform E-Commerce. Jurnal Pengabdian Masyarakat Indonesia Sejahtera, 2(3), 112–121.
Saerang, R. T., Gunawan, E. M., Rogi, M., & Ratulangi, U. S. (2024). Peranan Transformasi Digital Pada Keberlangsungan Usaha UMKM di Kota Manado. 5(2), 169–184.
Setiawati, R., & Mastarida, F. (2024). Critical Factors for SMEs ’ Business Sustainability through the COVID-19 Pandemic?: A Systematic Literature Review. 15(November), 201–212. https://doi.org/10.21512/bbr.v15i3.11100
Subrata, B., & Firman, F. (2024). Pengaruh Kemampuan Digital, Orientasi Digital dan Transformasi Digital terhadap Kinerja UMKM di Kota Padang. 4, 558–569.
Sudjalil, & Gigit Mujianto, N. R. H. (2023). International journal of multicultural and multireligious understanding. International Journal of Multicultural and Multireligious Understanding, 5(3), 72–80.
Suryani, I. P., Jefril, R., Refdi Welya, C., Ismed, Rasdiana, F. Z., Dewi, R. K., Puspita, V. R., & Ferinda, D. (2023). Peningkatan Literasi Keuangan melalui Pendampingan Penyusunan Laporan Keuangan SAK EMKM pada UMKM Uber. Warta Pengabdian Andalas, 30(3), 480–491. http://wartaandalas.lppm.unand.ac.id/index.php/jwa/article/view/943
Sutrisno, S., Susanti, I., & Murthada. (2024). Optimising Global Competitiveness of MSMEs through Innovative Strategies for Digital Business Development. Journal of Contemporary Administration and Management (ADMAN), 2(1), 307–312. https://doi.org/10.61100/adman.v2i1.124
Tiara, M. A., & Maisaroh. (2024). Analisis Kesiapan Usaha Mikro Melakukan Transformasi Digital (Studi Kasus Usaha Mikro Bidang Makanan di Yogyakarta). 2, 1462–1470.
Veronica br Siahaan, S., Albina, S., Benny, P., Aprianti, S., Anggriani, S., Gloria Dara Tarigas, N., Pana Kontesa, R., & Domeos Manggara, A. (2023). LITERASI KEUANGAN PELAKU UMKM DESA WISATA CIPTA KARYA. 7(2), 1775–1787. https://doi.org/10.31764/jmm.v7i2.12862
Viši?, M. (2022). Connecting Puzzle Pieces: Systematic Literature Review Method in the Social Sciences. Sociologija, 64(4), 543. https://doi.org/10.2298/SOC2204543V
Vivien, M., Tampubolon, R., Ramadhan, M. F., Rizky, Y. P., Putri, N. A., Adzka, N. A., & Arum, D. P. (2024). Upaya Transformasi Digital UMKM Desa Kalipecabean dengan Optimalisasi QRIS, Google Maps, dan E-Commerce The Efforts of Digital Transformation for MSMEs in Kalipecabean Village Through the Optimization of QRIS, Google Maps, and E-Commerce Universitas Pemba. 3(3). https://doi.org/10.30640/cakrawala.v3i3.3066
Wenjie Sun, Kecun Chen, & Jianhua Mei. (2024). Integrating the Resource-Based View and Dynamic Capabilities: a Comprehensive Framework for Sustaining Competitive Advantage in Dynamic Markets. EPRA International Journal of Economic and Business Review, September, 1–8. https://doi.org/10.36713/epra18157
Wibowo, R. I., Kristian, E., & Aristawidya, E. (2025). Role of Digital Transformation in Enhancing Sustainability and Feasibility of MSMEs?: A Case Study of Dhea Rasa. 3(01), 155–169.
Widiastuti, C. T., Universari, N.-, & Emaya, K.-. (2024). Pengaruh Literasi Keuangan Dan Inovasi Digital Terhadap Kinerja Umkm. In Sosio Dialektika (Vol. 9, Issue 1, p. 150). https://doi.org/10.31942/sd.v9i1.10395
Winarsih, W., & Haviv, I. R. (2024). Peranan Digital Transformation dalam Memediasi Hubungan Literasi Keuangan dengan Kinerja Keuangan UKM. Accounting Global Journal, 8(1), 76–94. https://doi.org/10.24176/agj.v8i1.12350
Yang, L. C., & Ming, C. W. (2024). The Impact of Digital Transformation on Financial Outcomes in Malaysian Small and Medium Enterprises. Journal of Digitainability, Realism & Mastery (DREAM), 3(09), 1–11. https://doi.org/10.56982/dream.v3i09.254
Yuniarti, N. A., Sunarka, P. S., Mahesa, D., & Ryan Arya Pamudya. (2024). KUALITAS SDM DAN LITERASI KEUANGAN PADA UMKM DIERA DIGITALISASI:SYSTEMATIC LITERATURE REVIEW. 5(2), 278–287.
Zai, S., Hulu, P. F., Magdalena, M., & Bu, N. A. (2024). The Effect of Financial Literacy on Financial Behavior of Micro , Small and Medium Enterprises ( SMEs ) in Ulugawo District , Nias Regency. 4(2), 457–466.
Template
