Date of Publication

7-15-2023

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Management of Financial Institutions

Subject Categories

Behavioral Economics | Finance and Financial Management

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management Department

Thesis Advisor

Ahmed N.Y. Meandahawi

Defense Panel Chair

Rene B. Betita

Defense Panel Member

Maria Gemma Balderama-Cruz
Jan Marie Claire Edra

Abstract/Summary

This study delves into the intricate role of financial literacy in shaping the adoption of financial technology (fintech) among millennials in Metro Manila, Philippines. Despite the global upsurge in fintech usage, the relationship between financial literacy and fintech adoption in the Philippines remains inadequately explored. This research endeavors to bridge this gap by shedding light on the level of financial literacy and the extent of fintech adoption among millennials in the region. By conducting a comprehensive analysis of data from 207 survey participants, this study examines the influence of various factors, including perceived benefits, perceived ease of use, perceived risk, trust, and demographic attributes, on fintech adoption. Notably, the findings highlight the mediating role of financial literacy in the relationship between perceived risk and fintech adoption. The results indicate that enhanced financial literacy can mitigate the impact of perceived risk on fintech adoption. However, no significant mediation by financial literacy was observed in the relationships between fintech adoption and other factors. These insights contribute to the advancement of our comprehension regarding the dynamics of fintech adoption and lay the groundwork for future research and practical strategies aimed at promoting financial inclusion through technology.

Abstract Format

html

Language

English

Format

Electronic

Keywords

Generation Y—Philippines—Metro Manila—Finance, Personal; Electronic funds transfers—Philippines—Metro Manila; Financial literacy—Philippines—Metro Manila

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Embargo Period

8-4-2023

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