Perceived Risk, Trust, and Intention to Use Fintech Service During the Covid-19 Pandemic
- DOI
- 10.2991/aer.k.211106.102How to use a DOI?
- Keywords
- Fintech; Perceived Risk; Trust; Intention to Use; Actual Use
- Abstract
The COVID-19 pandemic has changed everything. One prime example is in payment innovations, particularly the rapid transition towards cashless societies. Cashless payment has become people’s preferred method to conduct transactions. The use of cash is significantly reduced as it poses a serious health risk of COVID-19 transmission in society. The purpose of this research is to know people perceived risk, trust, and intention to use fintech services during the COVID-19 pandemic in 2021. From its rapid development, fintech has contributed greatly to the development of the business industry. Integrating fintech into businesses can provide competitive advantages such as speed and flexibility. One of the most popular types of fintech today is the type of payment service, where users can make payments without having to carry cash (cashless). During the COVID-19 pandemic, non-cash transactions have experienced a significant increase. One, in particular, is GoPay from the Gojek application, which is currently ranked first as the most popular digital payment in Indonesia. This study took a quantitative approach and collected data via a Google Forms questionnaire. The research subjects included 106 GoPay users in Bandung. Multiple linear regression analysis was used to analyze the data. According to the findings, perceived risk has a negative impact on actual use, although trust and intention to use have a positive impact. It is deducible that respondents trust and intend to use Fintech Service during the pandemic time but still consider the risk of utilizing the new service. Since Cashless fintech has several benefits like eliminating theft of cash, reducing cost, giving a speed of transaction, and increasing efficiency, improving the technology and service will give a secure feeling for customers to use fintech.
- Copyright
- © 2021 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Riauli Susilawaty Hutapea AU - Eni Wijaya PY - 2021 DA - 2021/11/23 TI - Perceived Risk, Trust, and Intention to Use Fintech Service During the Covid-19 Pandemic BT - Proceedings of the 2nd International Seminar of Science and Applied Technology (ISSAT 2021) PB - Atlantis Press SP - 656 EP - 661 SN - 2352-5401 UR - https://doi.org/10.2991/aer.k.211106.102 DO - 10.2991/aer.k.211106.102 ID - Hutapea2021 ER -