Analysis of Fintech Use at Early Working Age in Indonesia

Abstract

Financial technology (fintech) is a growing industry in Indonesia, supported by advances in technological infrastructure. Until the end of 2021, according to data obtained from the Financial Services Authority (OJK), loan distribution grew by 89.77% on an annual basis or equivalent to IDR 295.85 trillion. With the highest number of users aged 19 - 34 years or referred to as the early working age of 9 million. The existence of this phenomenon makes researchers ask why many early working age use this technology. The method used in this research is descriptive quantitative. This study found that the early working age used this technology to fulfill secondary needs and they expressed satisfaction with Fintech technology.