The Use of Payment Technology Through Financial Literacy

Abstract

Payment technology has dominated the fintech sector in Indonesia. Optimizing the use of payment technology requires encouragement in the development of financial literacy. Indonesia still has a low level of financial literacy compared to financial inclusion in Indonesia. The low level of financial literacy will lead to abuse of the use of fintech products and services. This study aims to see the effects of financial literacy on payment technology adoption using the TAM approach in urban cities in Indonesia, Jakarta Raya, Bandung, D.I. Yogyakarta, Semarang and Surabaya. The result demonstrates that financial literacy not an essential factor in adopting payment technology in Indonesia.

Digital Finance Adoption Strategy in Sharia BPR

“…There are many benefits to using digital finance b. I can use digital finance easily and quickly c. Using digital finance works for me d. Using digital finance produces quality results that are superior to traditional financial services 3. Financial literacy Financial Research literacy is calculated using several indicators referring to (Pratiwi, R. E., & Saefullah, 2022), namely: a. I have knowledge base in finance and economics (formal and informal education) b. I can manage my source of income well c. I understand the terms in finance d. My knowledge is sufficient about loans/credit to avoid financial losses e. I understand and make reports related to balance sheets, income statements, and capital budgets f. I always calculate interest before borrowing or investing or saving g. I am aware of products and services provided by fintech and registered with OJK.…”

“…This understanding is called financial literacy. Financial literacy is multidimensional and reflects not only knowledge but also fundamental skills, attitudes and behaviors (Pratiwi, R. E., & Saefullah, 2022).…”