The Effect of Financial Literacy, Risk Perception, and PayLater Features on Generation Z's Decisions to Use E-Wallets in Cirebon City

Authors

  • Muhamad Rizki Akbar Universitas Swadaya Gunung Jati
  • Nurhana Dhea Parlina Universitas Swadaya Gunung Jati
  • Benny Dhevyanto Universitas Swadaya Gunung Jati

DOI:

https://doi.org/10.59141/jrssem.v6i1.1595

Keywords:

E-Wallet, Financial Literacy, Perceived Risk, Paylater, Generation Z, Cirebon City

Abstract

Digital financial transformation has accelerated the use of e-wallets among Generation Z, while concerns regarding financial literacy, perceived risk, and the growing availability of PayLater features shape financial behavior. This study aims to examine the effects of financial literacy, risk perception, and PayLater features on Generation Z’s decisions to use e-wallets in Cirebon City. A quantitative explanatory approach was employed using primary data collected through questionnaires from 95 Generation Z respondents selected by purposive sampling. Data were analyzed using IBM SPSS Statistics version 32 through descriptive statistics, validity and reliability tests, classical assumption tests, multiple linear regression, t-tests, F-tests, and the coefficient of determination. The results show that financial literacy has a positive but insignificant effect on e-wallet usage decisions (B = 0.215; p = 0.060), risk perception has a positive but insignificant effect (B = 0.063; p = 0.333), and PayLater features also have a positive but insignificant effect (B = 0.141; p = 0.085). However, the three variables simultaneously have a significant effect (F = 3.133; p = 0.029), with an Adjusted R² of 0.064. The study concludes that Generation Z’s e-wallet usage decisions are influenced by the combined interaction of these factors rather than their individual effects.

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Published

2026-08-26

How to Cite

Akbar, M. R., Dhea Parlina , N., & Dhevyanto , B. (2026). The Effect of Financial Literacy, Risk Perception, and PayLater Features on Generation Z’s Decisions to Use E-Wallets in Cirebon City. Journal Research of Social Science, Economics, and Management, 6(1), 668–683. https://doi.org/10.59141/jrssem.v6i1.1595

Issue

Vol. 6 No. 1 (2026): Journal Research of Social Science, Economics, and Management

Section

Articles

License

Copyright (c) 2026 Muhamad Rizki Akbar, Nurhana Dhea Parlina , Benny Dhevyanto

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