Financial Literacy and Fintech Payment Effects on UMLA Students' Financial Behavior: Self-Control as Moderator

Cindy Silviana; Mega Barokatul Fajri; Aprelia Nur Kumalasari

doi:10.63922/ijebir.v5i04.5342

Cindy Silviana Department of Management, Faculty of Economics and Business, Muhammadiyah University of Lamongan, Indonesia
Mega Barokatul Fajri Department of Entrepreneurship, Faculty of Economics and Business, Muhammadiyah University of Lamongan, Indonesia
Aprelia Nur Kumalasari Department of Management, Faculty of Economics and Business, Muhammadiyah University of Lamongan, Indonesia

DOI: https://doi.org/10.63922/ijebir.v5i04.5342

Keywords: Keywords: Financial Literacy, Financial Technology Payment, Financial Behavior, Self-Control.

Abstract

The rapid development of digital technology has transformed financial behavior, including that of university students. The increasing use of financial technology payment services, such as digital wallets, mobile banking, and QRIS, provides greater efficiency in financial transactions but may also encourage consumptive behavior if not supported by adequate financial literacy and self-control. This study aims to examine the effects of financial literacy and financial technology payment on the financial behavior of students at Universitas Muhammadiyah Lamongan, with self-control as a moderating variable. This research employed a quantitative approach using a sample of 357 students selected through the Proportionate Stratified Random Sampling technique. Data were collected using questionnaires and analyzed through multiple linear regression and Moderated Regression Analysis (MRA). The results indicate that financial literacy and financial technology payment have a positive and significant effect on students' financial behavior. The coefficient of determination (R²) of 0.359 indicates that the model explains 35.9% of the variance in students' financial behavior. However, self-control does not moderate the effects of financial literacy or financial technology payment on students' financial behavior.

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