Article Sidebar

Download
PDF

Main Article Content

Abstract

As digital financial transactions continue to gain traction globally, understanding the factors that influence the adoption of electronic money (e-money) is crucial. This research paper delves into the behavioral aspects behind the use of e-money within a specific academic community. In a quantitative study carried out at Ar-Raniry State Islamic University's Faculty of Islamic Economics and Business (FEBI), we investigated the impact of utility, convenience, and security on students' interest in selecting e-money as their preferred payment method. The randomized sample of 97 students represented the faculty's diverse population. Our findings emphasize the critical roles of utility and convenience in shaping students' interest in e-money adoption, with attributes like speed, efficiency, and practicality significantly driving their embrace of electronic payment solutions. The research underscores the importance of designing e-money systems that prioritize utility and convenience to attract users, particularly in educational settings, while also providing insights for policymakers and financial institutions seeking to promote digital financial inclusion.

Keywords

e-money Students' interest Utility Convenience Security

Article Details

License

Copyright (c) 2023 Muksalmina Muksalmina, Israk Ahmadsyah , Azimah Dianah

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

How to Cite
Muksalmina, M., Ahmadsyah, I., & Dianah, A. (2023). Understanding E-Money Preferences Among Students: A Case Study at FEBI UIN Ar-Raniry, Banda Aceh, Indonesia. Grimsa Journal of Business and Economics Studies, 1(1), 1–11. https://doi.org/10.61975/gjbes.v1i1.11
Download Citation
Endnote/Zotero/Mendeley (RIS)
BibTeX

References

  1. Sarangi B. Cashless Economy and Electronic Money: Concepts, Nexus, Opportunities, and Challenges. Indones. Annu. Conf. Ser., 2023, p. 79–90.
  2. Wenker K. Retail Central Bank Digital Currencies (CBDC), Disintermediation and Financial Privacy: The Case of the Bahamian Sand Dollar. FinTech 2022;1:345–61. https://doi.org/10.3390/fintech1040026.
  3. Rodima-Taylor D, Grimes WW. Cryptocurrencies and digital payment rails in networked global governance: perspectives on inclusion and innovation. Bitcoin and Beyond, Routledge; 2017, p. 109–32.
  4. Noviandy TR, Maulana A, Idroes GM, Suhendra R, Adam M, Rusyana A, et al. Deep Learning-Based Bitcoin Price Forecasting Using Neural Prophet. Ekonomikalia Journal of Economics 2023;1:19–25. https://doi.org/10.60084/eje.v1i1.51.
  5. Mahdani R, Putri CWA, Risnafitri H. Potential of Blockchain to Increase the Effectiveness of Management Accounting: A Systematic Literature Review. Indatu Journal of Management and Accounting 2023;1:1–11. https://doi.org/10.60084/ijma.v1i1.82.
  6. Noviandy TR, Idroes GM, Maulana A, Hardi I, Ringga ES, Idroes R. Credit Card Fraud Detection for Contemporary Financial Management Using XGBoost-Driven Machine Learning and Data Augmentation Techniques. Indatu Journal of Management and Accounting 2023;1:29–35. https://doi.org/10.60084/ijma.v1i1.78.
  7. Maulana A, Faisal FR, Noviandy TR, Rizkia T, Idroes GM, Tallei TE, et al. Machine Learning Approach for Diabetes Detection Using Fine-Tuned XGBoost Algorithm. Infolitika Journal of Data Science 2023;1:1–7. https://doi.org/10.60084/ijds.v1i1.72.
  8. Riley TA, Kulathunga A. Bringing E-money to the Poor: Successes and Failures. World Bank Publications; 2017.
  9. Chishti S, Barberis J. The Fintech book: The financial technology handbook for investors, entrepreneurs and visionaries. John Wiley & Sons; 2016.
  10. Hardi I, Idroes GM, Hardia NAK, Fajri I, Furqan N, Noviandy TR, et al. Assessing the Linkage Between Sustainability Reporting and Indonesia’s Firm Value: The Role of Firm Size and Leverage. Indatu Journal of Management and Accounting 2023;1:21–8. https://doi.org/10.60084/ijma.v1i1.79.
  11. Tumonggor MK, Karafet TM, Hallmark B, Lansing JS, Sudoyo H, Hammer MF, et al. The Indonesian archipelago: an ancient genetic highway linking Asia and the Pacific. Journal of Human Genetics 2013;58:165–73.
  12. Furqani H, Fuad Z, Adha SI. Debt-Based Economy: A Reappraisal of Prosperity and Crisis. International Journal of Economics and Financial Issues 2023;13:109.
  13. Hardi I, Dawood TC, Syathi PB. Determinants Comparative Advantage of Non-Oil Export 34 Provinces in Indonesia. International Journal of Business, Economics, and Social Development 2021;2:98–106. https://doi.org/10.46336/ijbesd.v2i3.137.
  14. Hamsal M. The business model development of e-money services in Indonesia. 2016 Int. Conf. Inf. Manag. Technol., IEEE; 2016, p. 150–4. https://doi.org/10.1109/ICIMTech.2016.7930320.
  15. Mansyur M. Marketing Opportunities for Bank Syariah Mandiri e-Banking Services as a Payment Method. Research Horizon 2021;1:71–80. https://doi.org/10.54518/rh.1.2.2021.71-80.
  16. Ibrahim M, Idris S. Islamic Work Ethics in Modern Organizations: The Mediating Role of Organizational Culture. Indatu Journal of Management and Accounting 2023;1:43–50. https://doi.org/10.60084/ijma.v1i2.93.
  17. Goczek L, Witkowski B. Determinants of non-cash payments. National Bank of Poland Working Paper,(196) 2015.
  18. Hardi I, Saputra J, Hadiyani R, Maulana ARR, Idroes GM. Decrypting the Relationship Between Corruption and Human Development: Evidence from Indonesia. Ekonomikalia Journal of Economics 2023;1:1–9. https://doi.org/10.60084/eje.v1i1.22.
  19. Hardi I, Ringga ES, Fijay AH, Maulana ARR, Hadiyani R, Idroes GM. Decomposed Impact of Democracy on Indonesia’s Economic Growth. Ekonomikalia Journal of Economics 2023;1:51–60. https://doi.org/10.60084/eje.v1i2.80.
  20. Ramadani L. Pengaruh Penggunaan Kartu Debit dan Uang Elektronik (E-Money) Terhadap Pengeluaran Konsumsi Mahasiswa. Jurnal Ekonomi Dan Ekonomi Studi Pembangunan 2016;8:1–8. https://doi.org/10.17977/um002v8i12016p001.
  21. Idroes GM, Hardi I, Nasir M, Gunawan E, Maulidar P, Maulana ARR. Natural Disasters and Economic Growth in Indonesia. Ekonomikalia Journal of Economics 2023;1:33–9. https://doi.org/10.60084/eje.v1i1.55.
  22. Idroes GM, Syahnur S, Majid MSA, Idroes R, Kusumo F, Hardi I. Unveiling the Carbon Footprint: Biomass vs. Geothermal Energy in Indonesia. Ekonomikalia Journal of Economics 2023;1:10–8. https://doi.org/10.60084/eje.v1i1.47.
  23. Idroes GM, Maulana A, Suhendra R, Lala A, Karma T, Kusumo F, et al. TeutongNet: A Fine-Tuned Deep Learning Model for Improved Forest Fire Detection. Leuser Journal of Environmental Studies 2023;1:1–8.
  24. Bahri RA, Noviandy TR, Suhendra R, Idroes GM, Yanis M, Yandri E, et al. Utilization of Drone with Thermal Camera in Mapping Digital Elevation Model for Ie Seu’um Geothermal Manifestation Exploration Security. Leuser Journal of Environmental Studies 2023;1:25–33. https://doi.org/10.60084/ljes.v1i1.40.
  25. Idroes GM, Syahnur S, Majid SA, Sasmita NR, Idroes R. Provincial economic level analysis in Indonesia based on the geothermal energy potential and growth regional domestic products using cluster analysis. IOP Conference Series: Materials Science and Engineering 2021;1087:012079. https://doi.org/10.1088/1757-899X/1087/1/012079.
  26. Ma’ruf A. Minat Penggunaan Produk E-Money di Kalangan Mahasiswa Yogyakarta (Analisis Faktor Pengaruh Berdasarkan Perspektif TAM dan TPB) 2016.
  27. Jogiyanto HM. Sistem informasi keperilakuan. Yogyakarta: Andi Offset 2007;235.
  28. Widjana MA. Determinan Faktor Penerimaan terhadap Internet Banking pada Nasabah Bank di Surabaya. Sekolah Tinggi Ilmu Ekonomi Perbanas 2010.
  29. Rahardjo B. Keamanan sistem informasi berbasis internet. Bandung: PT Insan Indonesia 2005.
  30. Abidin YZ. Manajemen Komunikasi: Filosofi, Konsep, dan Aplikasi 2015.
  31. Parastiti DE, Mukhlis I, Haryono A. Analisis penggunaan uang elektronik pada mahasiswa fakultas ekonomi universitas negeri malang (studi kasus: uang elektronik brizzi). Jurnal Ekonomi Dan Studi Pembangunan 2015;7:75–82.
  32. Lundberg H, Öhman P, Sjödin U. Transaction convenience in the payment stage: the retailers’ perspective. Managing Service Quality 2014;24:434–54. https://doi.org/10.1108/MSQ-02-2014-0032.
  33. Davis FD. Perceived usefulness, perceived ease of use, and user acceptance of information technology. MIS Quarterly 1989:319–40.
  34. Utami SS, Kusumawati B. Faktor-faktor yang memengaruhi minat penggunaan e-money (Studi pada mahasiswa STIE Ahmad Dahlan Jakarta). BALANCE: Economic, Business, Management and Accounting Journal 2017;14.
  35. Crow KD. Aceh - The “Special Territory” in North Sumatra: A Self-Fulfilling Promise? Journal of Muslim Minority Affairs 2000;20:91–104. https://doi.org/10.1080/13602000050008915.
  36. Widayat W, Masudin I, Satiti NR. E-Money Payment: Customers’ Adopting Factors and the Implication for Open Innovation. Journal of Open Innovation: Technology, Market, and Complexity 2020;6:57. https://doi.org/10.3390/joitmc6030057.
  37. Sasmita NR, Ramadeska S, Utami R, Adha Z, Putri U, Syarafina RH, et al. Maternal and Child Healthcare Services in Aceh Province, Indonesia: A Correlation and Clustering Analysis in Statistics. Infolitika Journal of Data Science 2023;1:22–31. https://doi.org/10.60084/ijds.v1i1.88.
  38. Putra HA, Fijay AH, Suriani S, Seftarita C, Ringga ES, Wintara H, et al. Understanding Short-Term and Long-Term Price Fluctuations of Main Staple Food Commodities in Aceh Province, Indonesia: An ARDL Investigation. Ekonomikalia Journal of Economics 2023;1:26–32. https://doi.org/10.60084/eje.v1i1.50.
  39. Muzzakar K, Syahnur S, Abrar M. Provincial Real Economic Growth in Indonesia: Investigating Key Factors Through Spatial Analysis. Ekonomikalia Journal of Economics 2023;1:40–50. https://doi.org/10.60084/eje.v1i2.66.
  40. Atikah P, Abd. Majid MS, Suriani S. Analyzing the Sharia Cooperatives Efficiency in Aceh Province, Indonesia. International Journal of Finance, Economics and Business 2023;2:134–41. https://doi.org/10.56225/ijfeb.v2i2.200.
  41. Adam M, Putra TRI, Ibrahim M. Marketing Strategy for Tourism Potential in the Framework of Regional Development as a Tourist Destination. Indatu Journal of Management and Accounting 2023;1:12–20. https://doi.org/10.60084/ijma.v1i1.81.
  42. Yunus M, Alexandri MB, Adam M, Ibrahim M, Idris S. Exploring the Determinants of Repurchase Intentions for Users of Goods Delivery Services. Indatu Journal of Management and Accounting 2023;1:36–42. https://doi.org/10.60084/ijma.v1i1.83.
  43. Azwar S. Reliabilitas Dan Validitas. Yogyakarta: Pustaka Pelajar. Yogyakarta: Pustaka Pelajar 2011.
  44. Arikunto S. Metode penelitian kualitatif. Jakarta: Bumi Aksara 2006;168.
  45. Azharuddin A, Sasmita NR, Idroes GM, Andid R, Raihan R, Fadlilah T, et al. Patient Satisfaction and its Socio-Demographic Correlates in Zainoel Abidin Hospital, Indonesia: A Cross-Sectional Study. Unnes Journal of Public Health 2023;12:57–67. https://doi.org/doi.org/10.15294/ujph.v12i2.69233.
  46. Rahmatika U, Fajar MA. Faktor-Faktor Yang Mempengaruhi Minat Penggunaan Electronic Money: Integrasi Model Tam–Tpb Dengan Perceived Risk. Nominal: Barometer Riset Akuntansi Dan Manajemen 2019;8:274–84.
  47. Marchelina D, Pratiwi R. Pengaruh persepsi manfaat, persepsi kemudahan, persepsi risiko dan fitur layanan terhadap minat penggunaan e-money (studi kasus pada pengguna e-money kota palembang) 2018.
  48. Mauliani NA. Analisis Kemudahan, Kelancaran, Keamanan Dan Efektivitas Penggunaan Password Dalam Uang Elektronik (E-Money) Pada Masyarakat Daerah Istimewa Yogyakarta (DIY) 2016.