Determinants of the Use of Fintech by Students as a Media for Payment of Tuition Fees

Abstract

The industrial revolution 4.0 encourages changes in various sectors, including the economic sector. The Covid 19 pandemic is also driving changes in the way of payment. The use of Fintech by students is a form of change that occurs in transaction methods that were previously carried out directly to become indirect. This research examines the determinants of students paying tuition fees using fintech. This research uses PLS analysis with the SmartPLS 3 test tool. Based on previous research, it was stated that Trust affects students in choosing Fintech as a medium in paying tuition fees. In addition, Fintech has succeeded in becoming a mediating variable, including the effect of perceived benefits on the selection of Fintech. However, it failed to mediate the effect of perceived risk. The perception of benefits greatly influences the trust and selection of fintech as a medium for paying tuition fees. Risk perception in this study does not affect students in choosing fintech and does not affect student confidence.