Proceedings of the 3rd International Conference on Education and Technology (ICETECH 2022)

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Financial Technology, Financial Literacy and Financial Management Behaviour in Colleges

Authors
Wiwin Juliyanti1, *, Rihan Mustafa Zahri1, Erma Wulan Sari1, Ahmad Nur Aziz1
1Faculty of Economics and Business, Universitas PGRI Madiun, Madiun, Indonesia
*Corresponding author. Email: wiwin@unipma.ac.id
Corresponding Author
Wiwin Juliyanti
Available Online 26 July 2023.
DOI
10.2991/978-2-38476-056-5_53How to use a DOI?
Keywords
FinTech; e-Wallet; Financial Literacy; Financial Management Behaviour; College Student
Abstract

The development of technology and finance in Indonesia provides opportunities for the millennial generation because it offers several financial management options with ease. Students as a component of echo boomers who are considered not financially literate are feared to have unhealthy finances. This study aims to examine the relationship between the use of FinTech applications in the form of e-Wallet, Financial Literacy and Student Financial Management in several universities in Surakarta. This quantitative research using a questionnaire instrument with purposive sampling method describes that the average financial literacy of students is at the medium level (75.63%) as well as the frequency of financial management behaviour is in the “sometimes” or medium scale. While the results of the regression test prove that the use of e-Wallet applications has a negative effect on student financial behaviour, meaning that the high level of satisfaction with using digital wallets actually causes low financial management abilities. This study also explains that the high financial literacy of students has a positive effect on financial management behaviour. The implication of this research is that Financial Technology that is not properly aligned with financial literacy will result in unwise decision-making behaviour in student financial management activities.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Education and Technology (ICETECH 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
26 July 2023
ISBN
978-2-38476-056-5
ISSN
2352-5398
DOI
10.2991/978-2-38476-056-5_53How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Wiwin Juliyanti
AU  - Rihan Mustafa Zahri
AU  - Erma Wulan Sari
AU  - Ahmad Nur Aziz
PY  - 2023
DA  - 2023/07/26
TI  - Financial Technology, Financial Literacy and Financial Management Behaviour in Colleges
BT  - Proceedings of the 3rd International Conference on Education and Technology (ICETECH 2022)
PB  - Atlantis Press
SP  - 513
EP  - 530
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-056-5_53
DO  - 10.2991/978-2-38476-056-5_53
ID  - Juliyanti2023
ER  -