New Wave of Digitalization: The Financial Transaction Medium of Foodpreneurs in Perlis

Abstract

Digital technology has forced entrepreneurs and businessmen to reconsider their business models (BMs). Although research on entrepreneurial intention and business models is gaining attention, there is still a large knowledge gap on both fields. In this study, researchers specifically address the financial transaction channels of digitalization on business model practice among foodpreneurs in Perlis. Several channels or platforms such as online banking, financial mobile application, and others banking application are studied. It is to foresee the business model practice among foodpreneurs. In addition, this study employed qualitative method. The data collected was among foodpreneurs that run food and beverages industry in Perlis. Furthermore, this study exposed on the common platforms used by the foodpreneurs. At the end of this study, a digitalization foodpreneurs model was presented and discussed.