THE INFLUENCE OF FINANCIAL LITERACY AND FINANCIAL TECHNOLOGY ON FINANCIAL INCLUSION OF STUDENTS IN FACULTY OF ECONOMICS AND BUSINESS UNIVERSITAS BRAWIJAYA

Caesar Rizki Santoso

Abstract


Financial literacy is financial awareness and knowledge of financial products, financial institutions, and the concept of skills in managing finances (Xu and Zia 2012). Along with the development of information technology and supported by a fast internet penetration rate, several digital financial services have emerged that make it easier for people to obtain financial services called financial technology. According to the Financial Services Authority (2017), the increasing use of financial technology is one of the drivers for increasing national financial inclusion. This research is an explanatory study with a quantitative approach. This study aimed, to examine the influence of financial literacy (knowledge, behaviour, and financial attitudes) and financial technology on financial inclusion in data processing using multiple linear regression analysis method. The data were processed using Microsoft Excel and SPSS. This study found that financial literacy and financial technology both have a positive and significant influence on financial inclusion.

Keywords: Financial Literacy, Financial Technology, Financial Inclusion.


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