Analysis of Factors Influencing FinTech Adoption by Students of Information Systems

Abstract

Adoption of acceptance of new technology in the use of digital payments will affect the user's decision to accept and use technology based on FinTech applications. Through TAM, system and information quality and perceived risk measures, we examine the effect of consumers' intention to use QRIS as a digital payment method. Objective: This research was conducted to determine the factors that can influence interest in using QRIS in Information Systems students in Malang City.Method: Using a descriptive quantitative approach and using a questionnaire as a data collection tool. We use multiple regression tests to find out the factors that can influence the adoption of FinTech technology. Result: The results showed that the influence of each variable, namely: perceived usefulness, perceived ease of use and system and information quality were not significant variables on the interest in using QRIS echnology for information system students, in contrast to the perceived risk variable which was very dominant in supporting interest in acceptance of this technology. In addition, TAM theory is a significant predictor of technology acceptance. Another result is that all the constructs of the research variables together have a strong relationship in supporting the acceptance of QRIS technology.Conclusion: This research highlights the importance of technology adoption on digital payment platforms (FinTech) for users such as IS students with a high level of technological literacy and we believe individuals who are very familiar with technology tend to accept this technology well. We found that only perceived risk had a significant effect on the intention to adopt QRIS. We also present policy implications and further research directions in this article.