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Digital payment refers to electronic financial transactions using online platforms, mobile devices, or digital wallets instead of cash or physical cards. It provides convenience and security through technology. Examples include online bank transfers, mobile payment apps, and digital wallets. A digital payment system is an infrastructure that facilitates electronic funds transfer between parties without physical currency or traditional banking. It allows users to make transactions electronically through secure networks, including online banking, mobile apps, and POS terminals. Small and medium-sized enterprises (SMEs) are businesses below certain size and revenue thresholds, characterized by their modest scale compared to larger corporations. Criteria consider factors like employee count, annual turnover, or total assets. SMEs play

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661 views2 pages

Exxxxxx

Digital payment refers to electronic financial transactions using online platforms, mobile devices, or digital wallets instead of cash or physical cards. It provides convenience and security through technology. Examples include online bank transfers, mobile payment apps, and digital wallets. A digital payment system is an infrastructure that facilitates electronic funds transfer between parties without physical currency or traditional banking. It allows users to make transactions electronically through secure networks, including online banking, mobile apps, and POS terminals. Small and medium-sized enterprises (SMEs) are businesses below certain size and revenue thresholds, characterized by their modest scale compared to larger corporations. Criteria consider factors like employee count, annual turnover, or total assets. SMEs play

Uploaded by

Guiness Deguzman
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Digital Payment:

Digital payment refers to the electronic execution of financial transactions, wherein individuals or
businesses exchange money using online platforms, mobile devices, or digital wallets, as opposed to
traditional cash or physical credit/debit cards. This method leverages technology to streamline and
secure financial transactions, offering convenience and efficiency to users. Examples of digital payment
methods include online bank transfers, mobile payment apps, and digital wallets.(example nito ay ang
Gcash paymaya and etc)

Digital Payment System:

A digital payment system is a technology-driven infrastructure that facilitates the electronic transfer of
funds between parties, eliminating the need for physical currency or traditional banking instruments.
This system operates through secure networks, allowing users to make transactions, payments, or
transfers electronically. Digital payment systems encompass a variety of technologies, including online
banking, mobile payment apps, and point-of-sale (POS) terminals, contributing to the digitization of
financial transactions.

Small and Medium-sized Enterprises (SMEs):

Small and Medium-sized Enterprises are businesses that fall below specific size and revenue thresholds.
These enterprises are characterized by their relatively modest scale compared to larger corporations.
Criteria for categorizing a business as an SME often consider factors such as the number of employees,
annual turnover, or total assets. SMEs play a crucial role in the economy, and their distinct characteristics
differentiate them from larger, more established companies.

Performance Indicators (KPIs):

Performance Indicators, or KPIs, are measurable metrics that reflect a business's success in achieving its
objectives. In the context of this study, potential KPIs include:

Revenue growth: The increase in sales and income over a specific period.

Profitability: The ability to generate a net profit after accounting for all expenses.

Operational efficiency: The reduction in costs or time associated with business processes, potentially
influenced by the adoption of Digital Payment Systems (DPS).

Moderating Factors:

Moderating factors are variables that influence the strength or direction of the relationship between two
other variables. In this study, they might include:
Internet access: The availability and quality of internet connectivity, impacting the feasibility of using
Digital Payment Systems (DPS).

Digital literacy: The knowledge and skills of individuals in using digital technologies, including DPS.

Business size: The number of employees or annual revenue, potentially influencing the complexity of
DPS implementation.

Government support: The availability of policy incentives, subsidies, or training programs for SME
adoption of DPS.

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