How Ready Are People for Cashless Society?

Abstract

Financial technology could be an effective tool to achieve financial inclusion. However, it needed a certain level of readiness of society. In this paper, we investigated the determinants of readiness in the implementation of digital financial services which led to cashless society. We did a survey on 993 adults in a province in Indonesia using proportional sampling technique. Estimated using ordinary least square, our empirical results showed that readiness perception had high correlation with the quality of supporting infrastructure. By taking into account some demographic factors, we found that more educated and younger people had high spirit to adopt this system. Evidence showed that men were more enthusiastic in using such technological-based system. However, we did not find an evidence on the difference of readiness perception between those living in rural and those living urban areas. Abstrak Teknologi keuangan dapat menjadi suatu alat yang efektif untuk mencapai inklusi keuangan. Namun, itu memerlukan tingkat kesiapan masyarakat yang cukup. Dalam paper ini, kami meneliti determinan dari kesiapan implementasi layanan keuangan digital yang mendorong pada masyarakat non-tunai. Kami melakukan survei pada 993 orang dewasa in suatu provinsi di Indonesia dengan menggunakan metode pengambilan sampel proporsional. Diestimasi menggunakan ordinary least square, hasil empiris kami menunjukkan bahwa persepsi kesiapan berkorelasi tinggi dengan kualitas dari infrastruktur pendukung. Dengan memasukkan beberapa faktor demografi, kami menemukan bahwa orang yang lebih teredukasi dan lebih muda bersemangat untuk mengadopsi sistem ini. Sedikit bukti ditemukan bahwa laki-laki lebih antusias untuk menggunakan sistem berbasis teknologi tersebut. Namun demikian, kami tidak menemukan bukti mengenai perbedaaan persepsi kesiapan antara mereka yang tinggal di daerah pedesaan dan perkotaan.

The effects of subjective norm and knowledge about riba on intention to use e-money in Indonesia

“…A descriptive study has been done by Wulandari et al (2016) to show customer acceptance in using e-money. Trinugroho et al (2017), on the other hand, conducted an in-depth interview to explore people readiness for a cashless society. More quantitative studies have been done by Ayudya and Wibowo (2018), Farida and Ardyan (2016) and Prayidyaningrum and Djamaludin (2016).…”

Observing Micro, Small, and Medium Enterprises (MSMEs) Readiness to Support Cashless Society

“…The research considers cultural factor since its object is dominated by MSMEs, so the habit of collecting cash remains popular rather than collecting money cashless. The suburban demographic factors are found to explain differences in readiness to use digital financial services (Trinugroho et al, 2017).…”

Financial Technology Trend: The Analysis of Forwardness Society Implementing of Financial Technology at Kediri, 2020

“…Financial technology seems to have become a necessity for people now a day, the measurement of infrastructure forwardness needs to observe several things, one of which is the forwardness of the community to use financial technology. Research that discusses community forwardness was by (Trinugroho et al 2017), the results provide empirical evidence that perceptions of forwardness are correlated with quality of supporting infrastructure. Furthermore, (Trinugroho et al 2017)found that people who are more educated and younger are eager to adopt a financial technology system.…”