Determinants of Fintech Usage among University Students: The Roles of Personal Financial Management, Consumptive Behavior, and Investment Interest

Isma Tersa Septiani; Setyani Sri Haryanti; Yenni Khristiana

doi:10.69725/jebi.v3i1.351

Authors

Isma Tersa Septiani Department of Accounting, Faculty of Economics and Business, Universitas Dharma AUB Surakarta, Indonesia 57135
Setyani Sri Haryanti Department of Accounting, Faculty of Economics and Business, Universitas Dharma AUB Surakarta, Indonesia 57135
Yenni Khristiana Department of Accounting, Faculty of Economics and Business, Universitas Dharma AUB Surakarta, Indonesia 57135

DOI:

https://doi.org/10.69725/jebi.v3i1.351

Keywords:

Fintech usage, personal finance, consumptive behavior, investment interes, students

Abstract

Purpose—This study examines the influence of personal financial management, consumptive behavior, and investment interest on fintech usage among university students. The study aims to provide empirical evidence on the behavioral and financial factors that shape students’ adoption and use of digital financial services.

Design/methodology/approach—This study adopts a quantitative explanatory design. Primary data were collected through a structured questionnaire distributed to 100 active university students who had experience using fintech services. The data were analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM) with SmartPLS to evaluate the measurement model, structural model, and hypotheses.

Findings—The results show that personal financial management has a positive but insignificant effect on fintech usage. In contrast, consumptive behavior and investment interest have positive and significant effects on fintech usage. The model explains 25.9% of the variance in fintech usage, indicating that students’ fintech usage is driven more by consumption-related behavior and investment motivation than by personal financial management capability.

Originality/value—This study contributes to the digital financial behavior literature by integrating personal financial management, consumptive behavior, and investment interest into a single fintech usage model.

Implications—Universities, fintech providers, and policymakers should strengthen digital financial literacy, spending control, investment education, and risk awareness among students.

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Author Biographies

Isma Tersa Septiani, Department of Accounting, Faculty of Economics and Business, Universitas Dharma AUB Surakarta, Indonesia 57135

Isma Tersa Septiani is a student in the Department of Accounting, Faculty of Economics and Business, Universitas Dharma AUB Surakarta, Indonesia. Her academic interests focus on personal financial management, consumptive behavior, investment interest, fintech usage, and digital financial behavior among university students. Her current research examines how students use fintech services for payments, consumption, financial management, and investment activities in the digital finance environment.
Setyani Sri Haryanti, Department of Accounting, Faculty of Economics and Business, Universitas Dharma AUB Surakarta, Indonesia 57135

Setyani Sri Haryanti is a lecturer in the Department of Accounting, Faculty of Economics and Business, Universitas Dharma AUB Surakarta, Indonesia. Her academic interests include accounting, financial management, financial behavior, educational research, and digital finance. She supports research on student financial behavior, fintech adoption, investment interest, and responsible financial decision-making, particularly in the context of higher education and emerging digital financial services.
Yenni Khristiana, Department of Accounting, Faculty of Economics and Business, Universitas Dharma AUB Surakarta, Indonesia 57135

Yenni Khristiana is a lecturer in the Department of Accounting, Faculty of Economics and Business, Universitas Dharma AUB Surakarta, Indonesia. Her research interests include accounting, financial management, behavioral finance, digital finance, fintech adoption, and empirical modeling. She is particularly interested in examining how financial literacy, personal financial behavior, digital technology, and investment decisions influence financial outcomes and responsible fintech usage among young users.

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