Methodological procedure for implementation of FinTech solutions in commerce SMEs

The objective of this paper is to propose a methodological procedure for implementation of a digitized payment channel related to SMEs. Developing companies that wish to adopt this alternative to distinguish themselves in an increasingly competitive market. The conceptual framework is based on the c...

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Bibliographic Details
Published inRevista Arbitrada Interdisciplinaria Koinonía (Online) Vol. 4; no. 8; pp. 394 - 426
Main Authors Patricio Medina-Chicaiza, Lisseth Carolina León-Aguagallo
Format Journal Article
LanguageSpanish
Published Fundación Koinonia 01.07.2019
Subjects
empresa
finanzas y comercio
recursos financieros
tecnología de la información
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Summary:The objective of this paper is to propose a methodological procedure for implementation of a digitized payment channel related to SMEs. Developing companies that wish to adopt this alternative to distinguish themselves in an increasingly competitive market. The conceptual framework is based on the compilation, review, and analysis of references in Spanish and English of books, indexed articles, and studies by national and international organizations on the subject. Likewise, the methodology used is based on direct observation and interviews with Payment processing & Fintech Solutions providers (FTS). Finally, the results highlights the comparative analysis between the suppliers involved; and the following phases are proposed: Compliance with legal requirements, Selection, Registration, Validation, Integration, Training and testing, Diffusion, Monitoring and Evaluation.
ISSN:2542-3088
2542-3088
DOI:10.35381/r.k.v4i8.285