Determinants of Use of Financial Technology Services in Households in Central Java

Abstract

The development of financial technology is growing faster, and all financial institutions seem to be racing to switch from conventional to digital. It is interesting to examine how people motivate tomake choices using financial technology in making transactions. This study aims to determine the correlation between sociodemography, self-assessment, and financial characteristics to the preference of financial technology in Central Java. This study uses a quantitative method with a survey model, and the sampling technique used is random sampling. Data analysis techniques in this study are using Stata version 15. This study resulted that sociodemography, self- assessment, and financial characteristics had a significant influence on the decision to choose the use of financial technology services through financial literacy in the people of Central Java