IS THERE ANY IMPACT OF ELECTRONIC MONEY TO INCREASE KNOWLEDGE OF FINANCIAL LITERACY?: IN THE PANDEMIC SITUATION OF COVID-19 IN PONTIANAK CITY
Journal: Malaysian E Commerce Journal (MECJ)
Author: Girang Permata Gusti
This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited
This study aims to determine the impact of the use of electronic money on financial literacy, during the COVID-19 pandemic in Pontianak. This study has a sample of 137 respondents selected through simple random sampling technique. This study uses a simple linear regression method, with SPSS 23 software analysis tools. The benefits of electronic money not only function as payment by the transfer method, but many other functions can be used, such as buying mutual funds, paying installments or credit, paying electricity, water, and telephone. Electronic money can now also be used as savings for foreign currencies such as the Japanese Yen, American Dollars, and British Pounds. With an electronic money, we can also change it in the form of savings deposits, without having to queue in the bank. The results of the study concluded that electronic money has a positive and significant effect on financial literacy, in the pandemic situation of COVID- 19 in Pontianak City.