Customer Continuance Intention Toward the Use of Electronic Money

Authors

  • Candy Universitas Internasional Batam
  • Johny Budiman Universitas Internasional Batam
  • Chandra Wijaya Universitas Internasional Batam
  • Ernestine Ernestine Universitas Internasional Batam
  • Vivin Mayviana Universitas Internasional Batam

DOI:

https://doi.org/10.30741/adv.v9i1.1527

Keywords:

Continuance Intention to Use E-Money, Customer Innovativeness, Perceived Behavioral Control

Abstract

The rapid development of financial technology has transformed the way people conduct financial transactions, including the use of electronic money (e-money). However, despite this growth, many users discontinue using e-money over time, highlighting a gap in understanding the factors that sustain its usage. Various factors, such as customer innovativeness, ease of use, and perceived security, influence the adoption of e-money services. This study addresses this problem by identifying the influence of customer innovativeness, perceived behavioral control (PBC), and e-security on customer continuance intention to e-money usage (CCIEU). The study uses a descriptive method and a quantitative approach. Data was gathered through an online survey, where e-money users filled out questionnaires. The analysis was done using the PLS-SEM (Partial Least Squares Structural Equation Modeling) technique. The findings show that customer innovativeness has a positive impact on CCIEU, mediated by PBC. However, e-security does not have a strong effect on between the relationship between customer innovativeness and CCIEU. These findings provide useful insights for formulating strategies to enhance e-money adoption in society.

Downloads

Download data is not yet available.

References

Abas, N. I., & Puspawati, D. (2024). E-Wallet Adoption in Continuance Intention As A e-Payment System for Live Streaming Shopping. Procedia Computer Science, 234, 1137–1144. https://doi.org/10.1016/j.procs.2024.03.109

AlRefai, Z. A., Muda, H., & Karim, F. (2022). E-wallet Adoption, Innovative Behaviour and Technology Readiness in Jordan: The Mediating Effect of Customer Awareness. International Journal of Academic Research in Business and Social Sciences, 12(9). https://doi.org/10.6007/ijarbss/v12-i9/14913

Ariffin, S. K., Abd Rahman, M. F. R., Muhammad, A. M., & Zhang, Q. (2021). Understanding the consumer’s intention to use the e-wallet services. Spanish Journal of Marketing - ESIC, 25(3), 446–461. https://doi.org/10.1108/SJME-07-2021-0138

Akbar, F., Isnurhadi, I., Mu’izzuddin, M., & Widiyanti, M. (2024). Institutional quality & bank stability: A study on Asean-5. International Journal of Economic Perspectives, 18(1), 42–52.

Brian Gosal Innocentius Bernarto, G. R. (2021). Pengaruh E-security, E-service Quality terhadap E-satisfaction dan Pengaruh E-satisfaction, E-security, dan E-service Quality terhadap E-repurchase Intention Secara Langsung pada Pengguna E-commerce Tokopedia. Jurnal Administrasi Bisnis (JAB, 11(2), 2021.

Chen, Y. C., Lin, Y. H., Li, P. C., & Chen, C. J. (2022). Understanding the interplay between competitor and alliance orientations in product innovativeness: An integrative framework. Technological Forecasting and Social Change, 175. https://doi.org/10.1016/j.techfore.2021.121358

Chen, H., Wang, Y., & Li, X. (2023). Understanding the role of perceived behavioral control in financial technology adoption: A multi-dimensional approach. International Journal of Electronic Commerce, 27(2), 156–178.

George, A., & Sunny, P. (2023). Why do people continue using mobile wallets? An empirical analysis amid COVID-19 pandemic. Journal of Financial Services Marketing, 28(4), 807–821. https://doi.org/10.1057/s41264-022-00174-9

Hoque, M. E., Susanto, P., Shah, N. U., Khatimah, H., & Mamun, A. Al. (2023). Does perceived behavioral control mediate customers’ innovativeness and continuance intention of e-money? The moderating role of perceived risk and e-security. International Journal of Emerging Markets. https://doi.org/10.1108/IJOEM-06-2022-0914

Hair, J. F., Ringle, C. M., & Sarstedt, M. (2011). PLS-SEM: Indeed a silver bullet. Journal of Marketing Theory and Practice, 19(2), 139–152. https://doi.org/10.2753/MTP1069-6679190202

Hesniati, E. F. J. K. L. V. N. A. (2023). Analisa Faktor Yang Mempengaruhi Niat Penggunaan E-Wallet Pada Gen Z. JPEK (Jurnal Pendidikan Ekonomi Dan Kewirausahaan), 7(1). https://doi.org/10.29408/jpek.v7i1.7566

Irimia-Diéguez, A., Velicia-Martín, F., & Aguayo-Camacho, M. (2023). Predicting Fintech Innovation Adoption: the Mediator Role of Social Norms and Attitudes. Financial Innovation, 9(1). https://doi.org/10.1186/s40854-022-00434-6

Istijanto, & Handoko, I. (2022). Customers’ continuance usage of mobile payment during the COVID-19 pandemic. Spanish Journal of Marketing - ESIC, 26(3), 345–362. https://doi.org/10.1108/SJME-02-2022-0016

Jain, N. K., Kaul, D., & Sanyal, P. (2022). What drives customers towards mobile shopping? An integrative technology continuance theory perspective. Asia Pacific Journal of Marketing and Logistics, 34(5), 922–943. https://doi.org/10.1108/APJML-02-2021-0133

Joshi, H., & Chawla, D. (2024). Impact of security on wallet adoption: multiple and serial mediating roles of trust and attitude and gender as a moderator. International Journal of Bank Marketing, 42(5), 870–896. https://doi.org/10.1108/IJBM-02-2023-0118

Kelly, A. E. (2024). The sustainability and contribution of Generation Z influenced by hedonic and utilitarian values to use mobile money services for fee payment. Telematics and Informatics Reports, 14. https://doi.org/10.1016/j.teler.2024.100145

Khan, W. A., & Abideen, Z. U. (2023). Effects of behavioural intention on usage behaviour of digital wallet: the mediating role of perceived risk and moderating role of perceived service quality and perceived trust. Future Business Journal, 9(1). https://doi.org/10.1186/s43093-023-00242-z

Kumar, A., Haldar, P., & Chaturvedi, S. (2024). Factors influencing intention to continue use of e-wallet: mediating role of perceived usefulness. Vilakshan - XIMB Journal of Management. https://doi.org/10.1108/xjm-12-2023-0243

Kim, S., & Park, M. (2021). The impact of personal innovation on digital payment adoption: An extended TAM perspective. Technology in Society, 64, 101515.

Li, L., Wang, Z., Li, Y., & Liao, A. (2021). Impacts of consumer innovativeness on the intention to purchase sustainable products. Sustainable Production and Consumption, 27, 774–786. https://doi.org/10.1016/j.spc.2021.02.002

Lim, W. L., Munikrishnan, U. T., Leong, C. M., Hiew, L. C., Leong, M. W., & Yang, L. (2024). Do you want a secure e-wallet? Understanding the role of risk and security in e-wallet continuance intention. Information and Computer Security, 32(3), 304–321. https://doi.org/10.1108/ICS-05-2023-0085

Liu, J., & Wang, R. (2022). Customer innovativeness and digital payment intentions: A cross-cultural analysis. Journal of Business Research, 142, 264–279.

Marheni, D. K., Candy, C., Putri, J. R., Marcelino, M., & Widyasari, D. A. (2022). Factors Determining College Students’ Intention to use E-Wallets. Almana : Jurnal Manajemen Dan Bisnis, 6(2), 265–274. https://doi.org/10.36555/almana.v6i2.1847

Nakanishi, K., Jordi, O., Wijaya, A., & Tamara, D. (2022). Analyzing Factors Affecting Continuance Intention to Use E-wallet During Covid-19 Pandemic in Indonesia

Nainggolan, G. S., & Sijabat, R. (2023). Enrichment: Journal of Management The influence of perceived behavioral control on online purchase intention with shopping motivation as the interventing variabels in Tokopedia. In Enrichment: Journal of Management (Vol. 13, Issue 5).

Nakanishi, K., Jordi, O., Wijaya, A., & Tamara, D. (2022). Analyzing Factors Affecting Continuance Intention to Use E-wallet During Covid-19 Pandemic in Indonesia.

Patil, P., Tamilmani, K., Rana, N. P., & Raghavan, V. (2020). Understanding consumer adoption of mobile payment in India: Extending Meta-UTAUT model with personal innovativeness, anxiety, trust, and grievance redressal. International Journal of Information Management, 54. https://doi.org/10.1016/j.ijinfomgt.2020.102144

Rahman, A., Hassan, R., & Ibrahim, M. (2023). Determinants of e-money adoption in emerging markets: An integrated framework. International Journal of Bank Marketing, 41(1), 67–89.

Reza, M. D. S. binti M., Tan, S. H., Chong, L. L., & Ong, H. B. (2024). Continuance usage intention of e-wallets: Insights from merchants. International Journal of Information Management Data Insights, 4(2). https://doi.org/10.1016/j.jjimei.2024.100254

Sasongko, D. T., Handayani, P. W., & Satria, R. (2021). Analysis of factors affecting continuance use intention of the electronic money application in Indonesia. Procedia Computer Science, 197, 42–50. https://doi.org/10.1016/j.procs.2021.12.116

Shetu, S. N., Islam, Md. M., & Promi, S. I. (2022). An Empirical Investigation of the Continued Usage Intention of Digital Wallets: The Moderating Role of Perceived Technological Innovativeness. Future Business Journal, 8(1). https://doi.org/10.1186/s43093-022-00158-0

Susanto, P., Hoque, M. E., Hashim, N. M. H. N., Shah, N. U., & Alam, M. N. A. (2022). Moderating effects of perceived risk on the determinants–outcome nexus of e-money behaviour. International Journal of Emerging Markets, 17(2), 530–549. https://doi.org/10.1108/IJOEM-05-2019-0382

Tian, Y., Chan, T. J., Liew, T. W., Chen, M. H., & Liu, H. N. (2024). Does personal innovativeness and personal anxiety matter? The predictors of continuance use intention of an e-wallet system. Kybernetes. https://doi.org/10.1108/K-10-2023-2213.

Valencia, S., Bautista, R., & Jeong, L. S. (2021). Know Your Customers: How Generations X and Y Perceive Mobile Payment. In DLSU Business & Economics Review (Vol. 31, Issue 1).

Wu, G., Yang, J., & Hu, Q. (2022). Research on factors affecting people’s intention to use digital currency: Empirical evidence from China. Frontiers in Psychology, 13. https://doi.org/10.3389/fpsyg.2022.928735

Yang, S., Chen, Y., & Wei, J. (2022). E-security and digital payment adoption: A three-year longitudinal study. Information & Management, 59(3), 103589.

Zhang, L., & Lee, J. (2024). The moderating effect of e-security on digital payment behavior: Evidence from Asian markets. Electronic Commerce Research and Applications, 54, 101193.

Downloads

Published

2025-06-30

How to Cite

Candy, C., Budiman, J., Wijaya, C., Ernestine, E., & Mayviana, V. (2025). Customer Continuance Intention Toward the Use of Electronic Money. Jurnal Ilmu Manajemen Advantage, 9(1), 72–83. https://doi.org/10.30741/adv.v9i1.1527

Issue

Section

Articles