The Influence of Financial Literacy, Ease and Risk in Transaction Using Financial Technology

Indriani Lolo Sumussang; Amir Jaya; Manuel A. Todingbua

doi:10.31004/riggs.v4i2.1092

Authors

Indriani Lolo Sumussang Paulus Christian University of Indonesia
Amir Jaya Paulus Christian University of Indonesia
Manuel A. Todingbua Paulus Christian University of Indonesia

DOI:

https://doi.org/10.31004/riggs.v4i2.1092

Keywords:

Financial Literacy, Convenience, Risk, Transaction, Fintech, Students

Abstract

This study aims to analyze the influence of financial literacy, ease of use, and risk on transactions using Financial Technology (Fintech) among students of Universitas Kristen Indonesia Paulus. This study uses a quantitative approach with a survey method and purposive sampling technique. A total of 96 respondents were sampled, and the data were analyzed using the SEM model with the help of SmartPLS. The results of the study indicate that financial literacy and ease of use do not have a significant effect on transactions using fintech. In contrast, the risk variable has a significant and positive effect. This finding indicates that students consider the risk aspect seriously before making digital transactions. This emphasizes the importance of transparency and security assurance from fintech service providers in building user trust. The implications of this study highlight the need for fintech providers and educational institutions to improve students' understanding of the risks of digital transactions and strengthen service security systems. This study contributes to the literature on fintech user behavior among the younger generation, especially in the context of higher education.

Keywords: Financial Literacy, Convenience, Risk, Transaction, Fintech, Students

Downloads

Download data is not yet available.

References

Aditya, T., & Mahyuni , LP (2022). The Influence social to interest fintech usage . Journal of Economics and Business , 24(2), 245–258.

Amanda, L., Yanuar , F., & Devianto , D. (2019). Validity and reliability test level participation political Padang City society . Journal UNAND Mathematics , 8(1), 179–188.

Daud, AU, Niswatin , & Taruh , V. (2023). The Influence of literacy , inclusion and management finance to performance SME finance . Mirai Management Journal , 8(1), 634–646.

Hair, J.F., Risher, J.J., Sarstedt, M., & Ringle, C.M. (2019). When to use and how to report the results of PLS-SEM. European Business Review , 31(1), 2–24.

Lestari, RM, & Kartika Erawati . (2024). The Influence income , literacy finance , and perception risk to interest use paylater on Generation Z in Semarang City. Mirai Management Journal , 9(2), 2024–2659.

Mudrikah , A. (2021). The Influence of level literacy finance to interest use product financial technology in FEBI UIN North Sumatra students . ETNIK: Journal of Economics and Engineering , 1(2), 57–68.

Nurdin, WNA, & Rusli. (2020). The Influence knowledge , convenience and risk to interest transact using financial technology (fintech) on students State Islamic Institute (IAIN) Palu. Journal Knowledge Islamic Banking and Finance , 2(2), 199–222.

Ong, M., & MN, A. (2022). Perception risk and intention behavior in use service digital finance : An empirical study generation millennials . Journal Finance and Banking , 26(1), 47–59.

Putra, KP (2023). Analysis influence literacy finance , security , convenience , influence social , and support facility to interest transact using financial technology: An empirical study FBE UII students . Yogyakarta: Islamic University of Indonesia.

Solikhatun , I., & Ridlwan , MZ (2022). Perception risk and literacy finance to intention using fintech. Journal of Islamic Economics and Finance , 6(2), 101–112.

Wibisono, F., Astuti, MD, & Soleha , E. (2021). PLS-SEM model evaluation: A practical guide For validity construct and hypothesis testing . Journal Management and Business , 10(1), 44–57.