Title: E-Payment Adoption and Its Influence on Financial Risk Management Practices in Medium Enterprises: A Quantitative Analysis
Authors: Troy R. Dela Cruz, Aubreline S. Delos Reyes, Patricia Chynna P. Celestino, RICARDO S. JIMENEZ, LPT, DBA
Volume: 9
Issue: 7
Pages: 39-53
Publication Date: 2025/07/28
Abstract:
The world financial transaction landscape is rapidly shifting toward electronic payments, driving the need to understand their impact on financial risk management practices in medium enterprises. This study focused on medium enterprises in Mabalacat City, employing a descriptive-correlational research design with purposive-convenient sampling. Data was gathered using self-administered survey questionnaires and analyzed through descriptive statistics and the Spearman's Rho Correlation Coefficient. Results indicated a strong positive correlation between the convenience, security, and perceived usefulness of e-payment systems and the effectiveness of financial risk management strategies. Findings emphasized the necessity of implementing sound e-payment frameworks to enhance financial operations while mitigating risks. These insights provide valuable guidance for financial institutions, business owners, and policymakers in promoting secure and efficient e-payment adoption and reducing associated financial risks.