The Determinants of Financial Technology (Fintech) Usage Acceptance Among Undergraduates

What the paper says

Financial technology (FinTech) is one of the new fields made available to users through the introduction of technological breakthroughs. These advancements have made banking and finance-related services and transactions easier and more accessible for customers. As undergraduates, who represent the younger generation in the nation, complete their academic and associated work, they are increasingly exposed to these new technologies. While several surveys and studies from other nations have examined the variables influencing the adoption and utilisation of financial technology, Sri Lanka has not received sufficient attention in this specific area of inquiry. Therefore, this research aims to fill the current gap in the field by focusing on the final-year undergraduates of the University of Sri Jayewardenepura and identifying the key determinants underlying undergraduates' adoption of financial technology usage in Sri Lanka. 305 undergraduate students from the university's three main faculties were selected using simple random sampling, and PLS structural equation modelling was employed to analyse the data. The findings of the study indicate that the most significant factors influencing the adoption of financial technology usage are digital accessibility, convenience, and personal innovativeness. The results of the study provide valuable insights on how to promote awareness and usage of financial technology among students. The conclusions drawn from the study have significant implications for empowering FinTech usage within the Sri Lankan undergraduate population.