PATH ANALYSIS OF FACTORS INFLUENCING CASHLESS SOCIETY DEVELOPMENT USING BOOTSTRAP RESAMPLING

Pramaningrum, Dea Saraswati
Fernandes, Adji Achmad Rinaldo
Iriany, Atiek
Solimun, Solimun

BAREKENG: Jurnal Ilmu Matematika dan Terapan
Vol 18 No 4 (2024): BAREKENG: Journal of Mathematics and Its Application

Path analysis can be applied to various fields, one of which is the field of banking economics. This study is aimed to examine what factors significantly affect the development of cashless society both directly and indirectly. There are many studies related to the development of cashless society but there has been no research that analyzes the relationship between marketing mix variables, such as product, price and promotion, with the development of cashless society. The data used came from the results of questionnaires with respondents of bank customers in Jakarta. Direct influence tests are carried out using bootstrap resampling hypothesis tests so that they are free from data distribution assumptions. It was found that product and digitalization of electronic money had a significant direct effect on the development of cashless society while price had a significant indirect effect on the development of cashless society.