Sindi Sindi, Fuad Ramdhan Ryanto

The Influence Of Fintech Payment, Financial Literacy, And Financial Self-Efficacy On Financial Management Of Civil Servants Of The Ministry Of Law And Ham Pontianak

Introduction

The influence of fintech payment, financial literacy, and financial self-efficacy on financial management of civil servants of the ministry of law and ham pontianak. Investigate how fintech payments, financial literacy, and self-efficacy influence civil servants' financial management in Pontianak. Improve financial education & welfare in a digital landscape.

Abstract

The rapid progression of digital technology has profoundly impacted financial behavior, especially via the extensive use of fintech technologies like pay-later services, mobile banking, and e-wallets. Although these technologies provide ease, they may also result in poor money management and impulsive spending. This research investigates the financial management practices of public officials in the Pontianak Ministry of Law and Human Rights concerning fintech payments, financial literacy, and financial self-efficacy. A quantitative associative methodology was used to collect data from 150 respondents selected via purposive sampling. The investigation, conducted using multiple linear regression, indicates that fintech payments, financial literacy, and financial self-efficacy significantly enhance financial management. The regression equation Y = 1.539 + 0.105X1 + 0.209X2 + 0.589X3 indicates that financial self-efficacy has the most substantial impact, followed by fintech payments and financial literacy. The findings suggest that fintech payments enhance transaction efficiency; yet, a lack of understanding and self-discipline may result in financial irresponsibility. Participants with improved financial literacy demonstrated advancements in planning, budgeting, and differentiating between requirements and wants. Likewise, those with heightened financial self-efficacy had more confidence in their financial management, leading to a decrease in impulsive spending. This study underscores the need of improving financial education and fostering self-efficacy to enable people to optimize the advantages of fintech while minimizing dangers. These findings provide significant insights for organizations and authorities seeking to enhance the financial welfare of government personnel in a more digital landscape.

Review

This study presents a timely and highly relevant investigation into the factors influencing the financial management practices of civil servants in the Ministry of Law and Human Rights Pontianak. Given the rapid proliferation of digital financial technologies, understanding how fintech payments, financial literacy, and financial self-efficacy interact to shape financial behavior is crucial. The research employs a quantitative associative methodology, utilizing multiple linear regression on data from 150 purposively sampled respondents, to effectively explore these relationships. The overarching finding that all three variables significantly enhance financial management provides a clear foundation for the study's contributions. The detailed analysis reveals compelling insights into the relative importance of these factors. Financial self-efficacy emerges as the most substantial predictor of improved financial management, followed by financial literacy, and then fintech payments. This hierarchy underscores the critical role of an individual's confidence in their financial capabilities in mitigating impulsive spending and promoting responsible behavior. While fintech payments demonstrably enhance transactional efficiency, the study judiciously points out that their benefits are contingent on underlying financial understanding and self-discipline, without which they can inadvertently lead to irresponsibility. Conversely, heightened financial literacy directly correlates with improved planning, budgeting, and discernment between needs and wants, indicating its foundational importance. In conclusion, this research makes a significant contribution by empirically demonstrating the intertwined influences of technological adoption, knowledge, and psychological factors on financial well-being, particularly within a public servant demographic. The clear regression results and subsequent interpretations offer valuable, actionable insights for policymakers and organizations. The emphasis on fostering financial education and strengthening self-efficacy is a robust recommendation for enabling individuals to harness the advantages of fintech while effectively mitigating associated risks. These findings provide a strong impetus for developing targeted interventions aimed at enhancing the financial welfare and resilience of government personnel in an increasingly digital financial landscape.

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