Financial Technology Literacy Impact on Gen-Z in Indonesia

Authors

  • Doni Putra Utama Politeknik Negeri Batam, Indonesia
  • Alfonsa Dian Sumarna Politeknik Negeri Batam, Indonesia

DOI:

https://doi.org/10.38035/dijefa.v4i6.2247

Keywords:

Financial Technology (FinTech), Trust, Generation Z

Abstract

The purpose of this study Financial Technology Literacy Impact on Gen-Z in Indonesia" is to investigate and understand the impact of financial technology literacy (FinTech), and trust in the financial behavior of Generation Z in Indonesia. This study used quantitative methods, where respondents came from adolescents with an age range of 17 years to 21 years on two campuses in Batam. Using random sampling in the distribution of questionnaires, out of 100 questionnaires distributed, only 37 questionnaires were returned, so the results of 37 questionnaires were used for data analysis. Data analysis techniques are assisted by using SPSS 24 to obtain results to be interpreted by looking at the relationship between variables in this study. By using respondents who came from adolescents with an age range of 17 years to 21 years in two campuses in Batam, it was stated that the variables in this study that there was a positive and significant influence between FinTech variables and Generation Z, there was a positive and significant influence between Trust variables and Generation Z, and the results of 32.4% then there was a positive and significant influence due to these three variables,  The rest is not discussed in this study. The recommendation in this study is that the results of this study were conducted to adolescents who can be said to be Generation Z with the object of two campuses in Batam, so it is still necessary to develop by other researchers in using and adding variables to produce research, these results provide a form of real contribution in financial research.

References

Anand, A., Himani, H., Gautam, A. K., & Modi, S. (2023). Insight into Fintech Products and Services in India among Generation Z. International Research Journal of Business Studies. https://api.semanticscholar.org/CorpusID:267005636

Aswieri, A., Suharli, D., & Aurellia, M. (2022). The Influence of Financial Literacy and Heuristic Behavior on Perception Risk that Impact on Investment Decision Generation Z During Pandemic. Proceedings of the International Conference on Industrial Engineering and Operations Management. https://api.semanticscholar.org/CorpusID:260947955

Azzahra, T., & Afgani, K. F. (2023). Impact of Super Apps Usage on Financial Literacy and Financial Behavior of Generation Z in Indonesia: A Literature Synthesis. Journal Integration of Management Studies. https://api.semanticscholar.org/CorpusID:260078419

Baker, H., Kaddumi, T. A., Nassar, M. D., & Muqattash, R. S. (2023). Impact of Financial Technology on Improvement of Banks’ Financial Performance. Journal of Risk and Financial Management. https://api.semanticscholar.org/CorpusID:258015699

Deepa, N., & Deshmukh, S. (2013). SOCIAL MEDIA MARKETING: THE NEXT GENERATION OF BUSINESS ENGAGEMENT N.Deepa*. https://api.semanticscholar.org/CorpusID:212502061

Gill, L., & Ramsey, P. L. (2012). Shedding Light on Trust. APMBA (Asia Pacific Management and Business Application), 1, 117–128. https://api.semanticscholar.org/CorpusID:142677504

Hartono, H., Halim, E. A., Aswieri, A., Suharli, D., & Aurella, M. (2023). The Influence of Financial Literacy and Heuristic Behavior on Generation Z’s Investing Decisions During a Global Pandemic. E3S Web of Conferences. https://api.semanticscholar.org/CorpusID:261996995

Indonesia, B. P. S. (2019). Badan pusat statistik Indonesia. Badan Pusat Statistik Indonesia.

Jayalath, J. B. A. D., & S.C.Premaratne. (2021). Analysis of Key Digital Technology Infrastructure and Cyber Security Consideration Factors for Fintech Companies. International Journal of Research Publications. https://api.semanticscholar.org/CorpusID:240562569

Nakalelo, J., & Sahay, A. S. (2022). Financial Technology dalam Industri Finansial: Survey Paper. KONSTELASI: Konvergensi Teknologi Dan Sistem Informasi. https://api.semanticscholar.org/CorpusID:249036630

Payeng, A., & Baruah, D. (2023). Gendered Perception towards Financial Literacy and Fintech Security Risk: A Multi Method Analysis. MANTHAN: Journal of Commerce and Management. https://api.semanticscholar.org/CorpusID:266387787

Phuong, N. T. T., Thuy, N. D., Giang, T. L., Han, B. T. H., Hieu, T. H., & Long, N. T. (2022). DETERMINANTS OF INTENTION TO USE FINTECH PAYMENT SERVICES: EVIDENCE FROM VIETNAM’ GENERATION Z. https://api.semanticscholar.org/CorpusID:251061565

Ratnawati, R. (2024). Generation Z Investment Decisions Influenced by Financial Behavior: Mediated by Financial Literacy. East African Scholars Multidisciplinary Bulletin. https://api.semanticscholar.org/CorpusID:267082848

Richard, Y. F., Awotkay, A. S., & Parapaga, F. B. (2023). Impact of Perceived Convenience on Intention to Use Mobile Payments in Mediating Perceived Risk. Technium Social Sciences Journal. https://api.semanticscholar.org/CorpusID:264538094

The Impact of Financial Literacy on Investment Decisions: A Study on Generation Z in Bandung. (2022). Asian Journal of Accounting and Finance. https://api.semanticscholar.org/CorpusID:252906566

Varma, P., Nijjer, S., Sood, K., Grima, S., & Rupeika-Apoga, R. (2022). Thematic Analysis of Financial Technology (Fintech) Influence on the Banking Industry. Risks. https://api.semanticscholar.org/CorpusID:252454549

Widiharlina, R. T., Saputra, M., Wegman, D. J., & Puspitasari, W. (2023). Exploring the Fintech Adoption among Indonesian Gen Z: An Analysis using the Theory of Planned Behavior among Digital Literacy Users. 2023 International Conference on Advancement in Data Science, E-Learning and Information System (ICADEIS), 1–6. https://api.semanticscholar.org/CorpusID:263707607

Yu, Y., Gou, C., Xiong, C., & Cai, M. (2022). Research on Generation Definition Method of Autonomous Transportation System Based on Key Traffic Components. CICTP 2022. https://api.semanticscholar.org/CorpusID:252231557

???????????, ?. ?., Mitrofanova, E., ???????, ?., Dudkina, G., ??????, ?. ?., & Dudkin, A. (2018). The Role of the University in Human Resource Management in the Regional Labor Market: Challenges, Practice. Management of the Personnel and Intellectual Resources in Russia. https://api.semanticscholar.org/CorpusID:169059243

Published

2024-02-18