Advancing the understanding of behavioral intentions towards I-Fintech : a study on Indonesian millennials and gen z

Islamic fintech is likewise a part of the digital development and Islamic teaching is concerning the historical development. It is such a completely new for Islamic economic world to implement the technology in a daily life. Such an aftershock of Islamic finance which has not been accepted well by society, Islamic fintech is approaching the Islamic lifestyle. Conventional fintech has been well-approved by the society since Indonesian has not been concerning the Islamic value instead of the religion they believe. This leads to the lack of intention of using 1-fintech services. The intention of using a product is sometimes affected by the lack of product awareness and literacy instead. This project of the study is ensured to explore whether the society has an intention to adopt Islamic fintech services. The focus of this study is taking place on millennials and Gen Z's group as this circle of society is currently the higher adoption of technology and financially active. The questionnaire was placed on the surveymonkey.com website and shared through random sampling method. Before disseminating the questionnaire publicly, the questionnaire was tested by the piloting project to examine whether the questionnaire was valid and reliable. There are 333 respondents besides those who had been involved in the piloting project. The study was tested by SEM-PLS. The results describe that the variables, digital financial literacy, planned behavior, acceptance model and use of technology, while the three variables significantly affect the intention to adopt except digital financial literacy. Planned behavior is the most powerful factor among others. The score of digital financial literacy is considerably high where the intention to adopt is lower than the I fintech adoption rate. Moreover, DFL score is depicted to explain the current literacy on the millennials and gen z. This study was overseen only in Indonesia, aiming on millennials and gen z Therefore, the results cannot be globalized to other countries and generations. However, this study presents the critical information regarding the digital financial literacy in Indonesia to achieve the fintech industry development. On this case, where the digital financial literacy does not significantly affect the adoption of I- fintech, it could be explained that I-fintech is supposed to be explored by the Islamic Digital Financial Literacy. To the best of the author knowledge, there has been no theory representing the Digital Islamic Financial Literacy. It is suggested that the next studies could increase the number of respondents. By this study, it is aimed to obtain the best representing results for the future research about digital financial literacy and expected to be one of the concerns of the practitioner/developer of I- fintech and policy maker to improve the related regulation of I-fintech.

Name thesis:degree_name

M.A., Economics

Level thesis:degree_level

Master of Arts

Discipline thesis:degree_discipline

Economics

Grantor dc:publisher

Universitas Islam Internasional Indonesia

Year dc:date.issued

2023

Author dc:creator

• Siti Nur Aisyah

Advisors dc:contributor.advisor

• Aimatul Yumna
• Hamidi, M. Luthfi

• I-fintech
• Digital Financial Literacy
• Behavioral Intention

Statement dc:rights

• All Rights Reserved

Licence dc:rights.uri

• https://www.rioxx.net/licenses/all-rights-reserved/

Language dc:language.iso

en

Handle dc:identifier.uri

https://hdl.handle.net/20.500.14576/159

OAI identifier oai:identifier

oai:repository.uiii.ac.id:20.500.14576/159