Overview

Original Research

THE BEHAVIOUR OF Y GENERATION TOWARD DIGITAL FINANCIAL TRANSACTION IN INDONESIA

GRACE CITRA DEWI 1, KUKUH LUKIYANTO 2, BAMBANG SUGIYONO AGUS PURWONO 3, DENNY BERNARDUS 4, SUTANTO HIDAYAT 5, and MARANATHA WIJAYANINGTYAS 6.

Vol 18, No 03 ( 2023 )   |  DOI: 10.17605/OSF.IO/64ZGF   |   Author Affiliation: School of Business and Management, Ciputra University Surabaya, Indonesia 1,3,4; Entrepreneurship Program, BBS under Graduate Bina Nusantara University, Jakarta, Indonesia 2; Civil Engineering, National Institute of Technology Malang, Indonesia 5,6.   |   Licensing: CC 4.0   |   Pg no: 1521-1541   |   Published on: 30-03-2023

Abstract

This study examines digital financial transactions in Indonesia. The type of this research is quantitative research. The questionnaires of this research were distributed in Google Form by asking thirteen questions. Samples are taken by simple random sampling technique. Our analysis show that many non-cash transactions users unable to transact wisely—i.e. having tendency to be more consumptive when doing non-cash transactions. Additionally, this further points out that young people need financial education to enable them manage their money well, and make sound financial decisions on their own in this increasingly cashless transaction world. As it is expected that non-cash transactions continue to be the people's choice in daily transactions, parents, schools, digital financial service providers, and the state should work together in preparing the younger generations with wisdom and knowledge to understand and weigh their options as Indonesia will continue progressing towards becoming a cashless society.

Keywords

Cashless, Digital Financial Literacy, Young Generation, Digital Transactions, Electronic Money, Less-Cash Society