THE IMPLEMENTATION OF CASHLESS PAYMENT SYSTEM IN THE MSMES SECTOR IN THE PERSPECTIVE OF ISLAMIC ECONOMICS TO ENCOURAGE THE DEVELOPMENT OF THE DIGITAL ECONOMY (CASE STUDY OF POSBLOC MEDAN CITY)

The development of the digital economy presents new, increasingly diverse financial service products. One them is non-cash payments or cashless payments, which are latest innovations and prevalent in buying selling to MSMEs. This study aims find out how Cashless system implemented MSME sector city Medan, then Islamic economic perspective implementing payment system. uses a qualitative research method with data collection techniques, namely by observation, interviews, documentation on UMKM posbloc Medan as well literature be analyzed author's observations answer formulation problem this problem. results show that used several ways, debit cards, credit cards scanning QRIS code (Quick Response Code Indonesian Standard). APMK (Payment using card) scan has been promoted Bank Indonesia provides convenience making transactions without cash more efficiently effectively. According perspective, permissible because there no usury However, still number obstacles implementation city, one internet not stable enough, lack outreach.