ANTECEDENTS OF DIGITAL PAYMENT MANAGEMENT AMONG YEMENI MIGRANT STUDENTS IN INDONESIA: A UTAUT ANALYSIS
DOI:
https://doi.org/10.21512/jafa.v13i1.15729Keywords:
Digital Payment Management, UTAUT, Financial Literacy, Perceived Risk, Yemeni Migrant StudentsAbstract
Digital payment systems are increasingly being integrated into daily life. However, few studies have investigated whether migrant students can access these services in an overseas context. Although digital payments are available to international students, their usage varies across student groups in Indonesia. The objectives of this research are to determine the use of digital payment systems by Yemeni migrant students in Indonesia and to examine the factors supporting digital payment management. This study employs the Unified Theory of Acceptance and Use of Technology (UTAUT) model to investigate the influence of performance expectancy (PE), effort expectancy (EE), perceived risk (PR) of the technology on digital payment management (DPM), and the role of financial literacy (FL) as a moderation factor. The analysis was based on a multiple linear regression using data from 105 (50.2%) respondents who completed the survey. Results showed that PE and EE positively influenced DPM, but PR does not have a significant influence. However, when moderated by FL, PR negatively affects DPM, which implies that the higher the level of financial literacy of respondents, the more important the role of technology risk (PR) in the adoption of digital payments. This study has two novel contributions, including measuring technology adoption in the form of the effectiveness of digital payment management, not in the form of adoption intention. Second, it examines Yemeni migrant students, a sample that has rarely been studied. This study contributes to the development of literature and digital payment policies, especially the role of financial literacy for migrant students.
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