No abstract

Digital financial inclusion (DFI) is a prominent issue in the digital era, since it focuseson the use of technology to serve unbanked people at low cost. The adoption ofmobile money platforms that allow users to make efficient peer-to-peer and real-timetransactions is one aspect of the DFI agenda. This study aims to investigate thedeterminants of mobile money usage using data derived from the 2017 GlobalFinancial Inclusion survey conducted by the World Bank and Gallup and applyingprobit regression and the Heckman selection model to check robustness. Eventhough access to a financial institution is relatively low, the percentage of mobilemoney usage in Organisation of Islamic Cooperation (OIC) countries is slightly higherthan in non-OIC countries and worldwide. The rate of adoption of mobile money ishigher for individuals making online transactions, with more educated and moreprosperous males tending to be more included in the use of digital financial services.The U-shape hypothesis for the relationship between age and the use of mobilemoney is not supported. Our research contributes to the theoretical development ofthe Unified Theory of Acceptance and Use of Technology 2 in illustrating the use ofmobile technology. The empirical results are recommended for use by practitioners,regulators and policymakers in creating and fostering a sound ecosystem for digitalfinance development.

Increasing internet penetration and technology-savvy generation in Indonesia can be an opportunity for high-tech businesses. Those are driven by the significant growth in the number of borrowers and lenders at the peer-to-peer (P2P) marketplace that provides alternative funding for small and medium enterprises (SMEs). The presence of shariacompliant P2P providers offers alternatives for both borrowers and financiers who concern about Islamic values. Our work aims to discuss the role of sharia P2P lending on improving people's welfare in Indonesia. By observing 26 P2P platform providers, we conclude that the sharia P2P providers are the potential to be developed. The applications of Islamic value technological advancements, which are the prohibition of interest, transparency, and a sophisticated credit scoring system, enable the unbanked population to access financial service, especially lending. However, the sharia platforms do not offer the redemption mechanism for financiers who take their money back early. Therefore, we also propose an integrated scheme for sharia P2P platforms.

Indonesia's population has been dominated by young and Muslim people in recent years. However, these conditions are not comparable to the Islamic financial literacy level in Indonesia, which is still low. Therefore, there is a need for early education for young people who are in high school. This activity aims to provide an introduction and knowledge of Islamic finance to generation Z, namely, Islamic Senior High School (MAN) 3 Jakarta students. In its implementation, this workshop used video and game crossword puzzles to educate MAN 3 Jakarta students about Islamic finance. The results of the evaluation of this activity show that after the workshop, the number of students who answered correctly in the aspect of Islamic financial literacy drastically increased. After the workshop, the number of students who knew of Islamic financial institutions also increased. On the intention side, there is an increase in students' attractiveness to Islamic financial products and services. Therefore, educational workshops on Islamic finance need to be developed and carried out on a large scale not only for high school students but also for students and the public.

Topics related to financial distress need to be reviewed, especially in unstable economicconditions. The purpose of this study was to determine the effect of profitability, leverage,liquidity, and firm size on financial distress. The research method used is a quantitativemethod. This study was conducted on LQ45 companies listed on the Indonesia StockExchange, and this study used secondary data for the 2015-2019 period. The sample usedas many as 28 companies through purposive sampling method. The analytical methodused is panel data regression analysis technique. The results of this study indicate that thevariables of profitability, liquidity, and firm size have a positive and significant effect onfinancial distress. Furthermore, the leverage variable has no significant effect on financialdistress. The managerial implication of the research is that managers need to pay attentionto the details of the company's liquidity conditions to reduce the consequences of financialdistress.