Fintech has made it easier for SMEs to access finance through alternative sources such as online lending platforms, crowdfunding, and peer-to-peer lending. Fintech for Payment Challenges Traditional payment systems refer to the conventional methods of making payments, such as cash, cheque, and manual processing. In traditional payment systems, businesses and customers rely on physical exchanges of currency or paper cheques. This process often results in delays, higher administrative costs, and increased risks of fraud or theft.