A Study of the Use of Cashless Payments in Relation to Income, Financial Behavior, and Almsgiving Behavior in Sumatera, Indonesia

DOI

10.2991/assehr.k.220204.021How to use a DOI?

Keywords

Almsgiving behavior; cashless payments; financial behavior; herding behavior; income

Abstract

In 2014, Bank Indonesia established the National Non-Cash Movement. Cashless payments are made digitally for changing financial transactions among people. This study aims to investigate whether gender, income, herding behavior in shopping, debt behavior, and almsgiving behavior affect the opportunities for using cashless payments in Sumatra, Indonesia. The sample consists of 500 people who come from five major cities in Sumatra, including Medan, Batam, Palembang, Padang, and Lampung. Logistic regression was used as the analytical tool. The results of the present study revealed that at alpha five percent, income and herding behavior in shopping had an effect on the use of cashless payments. The implication is that the use of cashless payments can be promoted through increasing the community income so that it can increase economic growth and efficiency at the same time. However, herding behaviour should not be excessively exercised despite it can increase the use of non-cash transactions.

Copyright

© 2022 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Khaira Amalia Fachrudin
AU  - Amlys Syahputra Silalahi
PY  - 2022
DA  - 2022/02/15
TI  - A Study of the Use of Cashless Payments in Relation to Income, Financial Behavior, and Almsgiving Behavior in Sumatera, Indonesia
BT  - Proceedings of the Second International Conference on Public Policy, Social Computing and Development (ICOPOSDEV 2021)
PB  - Atlantis Press
SP  - 128
EP  - 132
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220204.021
DO  - 10.2991/assehr.k.220204.021
ID  - Fachrudin2022
ER  -