HOW READY ARE PEOPLE FOR CASHLESS SOCIETY?

Irwan Trinugroho (Departemen Manajemen Fakultas Ekonomi dan Bisnis Universitas Sebelas Maret Jl. Ir. Sutami No.36A Surakarta, 57126,)
Hunik Sri Runing Sawitri (Departemen Manajemen Fakultas Ekonomi dan Bisnis Universitas Sebelas Maret Jl. Ir. Sutami No.36A Surakarta, 57126,)
Muh Juan Suam Toro (Departemen Manajemen Fakultas Ekonomi dan Bisnis Universitas Sebelas Maret Jl. Ir. Sutami No.36A Surakarta, 57126,)
Siti Khoiriyah (Departemen Manajemen Fakultas Ekonomi dan Bisnis Universitas Sebelas Maret Jl. Ir. Sutami No.36A Surakarta, 57126,)
Arief Budi Santoso (Kantor Perwakilan Bank Indonesia Yogyakarta Jl. Panembahan Senopati No.4-6 Yogyakarta, 55121,)

Jurnal Keuangan dan Perbankan
Vol 21, No 1 (2017): January 2017

Financial technology could be an effective tool to achieve financial inclusion. However, it neededa certain level of readiness of society. In this paper, we investigated the determinants of readinessin the implementation of digital financial services which led to cashless society. We did a surveyon 993 adults in a province in Indonesia using proportional sampling technique. Estimated usingordinary least square, our empirical results showed that readiness perception had high correlationwith the quality of supporting infrastructure. By taking into account some demographic factors,we found that more educated and younger people had high spirit to adopt this system. Evidenceshowed that men were more enthusiastic in using such technological-based system. However, wedid not find an evidence on the difference of readiness perception between those living in rural andthose living urban areas.