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Journal : Mobile and Forensics

Digital Financial Transformation in Indonesia: Non-Cash Usage Via Modified UTAUT2 With Trust Ardy Nuswantoro, Setio; Muhammad Ulfi; Sahwari, Sahwari; Linda, Linda; Damayanti, Amara
Mobile and Forensics Vol. 6 No. 2 (2024)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/mf.v6i2.11709

Abstract

Digital payments are transforming the financial landscape in Indonesia, offering fast and efficient services that meet the growing demand for cashless transactions. This study analyzes the factors influencing digital payment adoption using the UTAUT2 model, with the addition of Trust as a critical factor. Cluster analysis was also conducted using the k-prototype algorithm to see their characteristics and perceptions about digital payments. A survey was conducted from June to August 2024, gathering 451 responses from users of digital payment services. The data were analyzed using structural equation modeling to test 13 hypotheses. Of these, 10 hypotheses were accepted, indicating that Effort Expectancy, Performance Expectancy, Social Influence, Facilitating Conditions, Hedonic Motivation, Habit, and Trust significantly influence Behavioral Intention. Social Influence and Facilitating Conditions also directly impacted trust, which further strengthened users' intention to adopt digital payments. However, Price Value did not significantly affect Behavioral Intention, and Habit was not a strong predictor of continued use behavior. Trust emerged as a key factor in driving user engagement and long-term adoption. The study highlights that while convenience and social influence are crucial, trust in digital payment services is essential for sustaining user adoption. Cluster analysis divides respondents into four clusters, where the first, second, and third clusters are from young people with different perceptions about digital payment and the fourth cluster is from mature people who are mostly working as teachers or lecturers. These findings offer valuable insights into promoting digital payment usage and supporting Indonesia’s shift towards a digital economy.
Co-Authors Admasari, Yuli Adrianus Dedy, Erfan Ramadhan Agung Wahyudi Agustina, Melisa Ajeng Muliasari Akbar Jono, Ali Al Haddad, Syarifah Rahmawati Alang, Tho Alfika Safitri Amri, Aulil Ani Rakhmanita Anna Veronica Pont Apandi Apandi Apandi Apandi Ardy Nuswantoro, Setio Aridin, Haerul Arina Nur Indriani Arisandi, Ainun Aryani Saputri Asep Saefullah Kamali Aska, Rosi Setia Aulil Amri Aurelya, Chalsabilla Baju Pramutoko Basri Basri Batara, Gamal Bernard, Christian Broto, Bayu Eko Chotimmah, Ammaariyah Khusnul Damayanti, Amara darwis darwis, darwis Dede Imtihanudin Dedi Muhammad Siddiq Dedwitayanni, Dedwitayanni Demsa Simbolon Dharasta , You She Melly Anne Diana Rahmawati Rozak, Diana Rahmawati Dini Delini Dino Sumaryono Dita Amelia Elvin Kinanti Paramuditha Ervina, Lissa Eso Solihin Evi Rosmiyati Fadhil Ismi Fahmi Hafid Fahriza, Fahriza Farida Mayar Febriyanti, Maya Finasti, Febri Mina Firmansyah, Alfitra Fitri Oviyanti Gamal Batara Gusman Lesmana Hadina, Hadina Hadriani, Hadriani Hairul Hairul Hastuti Usman Hendri Hermawan Adinugraha Heni Pujiastuti Herlambang, Muhammad Huda, Luthfi Nurul Husen, Muhamad Idhar, M. Ihsan, Muhammad Ali Al Ilahi, Muhammad Rizi Indriani , Arina Nur Ira Asyura Ismiati Ismiati Isyara, Larissa Putri Jaka Wijaya Kusuma Jaufillaili Jaufillaili Jumaidi, Jumaidi Junirianto, Eko Kadar Ramadhan Karim, Syafei Kasmi, Kasmi Keryn, Tjhoei Koerniantono, Marioes Eduardus Kakok Kurniano, Roy Costa Leilia, Hairani Febi Leluno, Redo Lili Suryani Lisma Ningsih Lismayanti, Neng Lubis, Serly M Afrilianto M. Asep Syihabul Millah Maisarah Maisarah, Maisarah Mardiani Mangun Marleni, Wisuda Andeka Martiah, Anisa Martina Girsang Maryamah Maryamah Masnar, Laras Masta Hutajulu Mawaddah, Arini Ulfa Maya Febrianty Lautania Medina, Gita Meilianty, Sherly Melvie Paramitha Mercy Joice Kaparang, Mercy Joice Minhatul Ma'arif Mirabella Hasmanita, Maharani Muhammad Arfandynata Muhammad Junaidi Muhammad Ulfi Mulia Saputra Muliani Muliani, Muliani Munawar, Badri Mustakim, Usep Saepul Mustofa, Tismazammi Mutaqin, Zaenal Nana Suraiya Nasrul Nasrul Noer Ekafitri Sam Nor Anisa Nur Ainun Damanik Nurfatimah Nurfatimah Nurfauziah, Farah Latifah Nurhalis, Nurhalis Nurhayati Nurmayanti, Nurmayanti Nurul Fitria Olkamien Jesdika Longulo Panji Parlina, Lina Yerni Putri Mulia Sakti Putri Nadilah Radjulaeni, Zakiah Raida Fuadi Ramli, Rosmini Ratna Dewi Ratna Muntiningsih Ratna Sariningsih Ratnasari Dwi Putri, Novianthie Reza Hawari Rihatul Jannah Rina Puspita Sari Ritawati Rodiah, Siti Nur Rogate, Yoffel Elyakim Ruaida Ruaida sahwari, Sahwari Santi Damayanti Sari, Dwi Kartika Sarliana, Sarliana Selva Octaria Sembiring, Elita Modesta SEPTIANA SEPTIANA Shania, Shania Sianturi, Srisofian Silalahi, Veracy Siti Dian Mulyanti Siti Hadijah Batjo Siti Nurhasanah Sri Rejeki Suardi, Devaron Suciarti Nur Adha Sukma, Dila Mutiara Sulaiman, Yeni Suliani, Wiji Suwandewi, Alit Syihabuddin, Muhammad Tasya Alifia Izzani Tatang Suherman Tina Rosyana Titin Agustin Nengsih Undayah, Uun Urahmah, Nida Ustadus Sholihin Vera Mandailina, Vera Wahyu Hidayat Wastuti, Sri Ngayomi Yudha Wati, Agustin Rahma Wida Fadhlia Widya Pani Widyaningrum, Ismi Y. Erning Indrastuti Yanti Yanti Yanti, Desi Mitra Budi Yetti R, Erni Yoshima Nekada, Cornelia Dede Yurida Olviani, Yurida Zahra, Alia