Does Financial Literacy Influencing the University Student’s Decision to Use M-Payment?

Based on the annual data released by We are Social 2020, shows that Indonesia is a country with the highest rate of e-commerce adoption in the world, but is lagging behind in using mobile payments (m-payment). However, it is common to find that m-payment integrated with e-commerce. Why does it happen? To find this out, we conducted this research. The Technology Acceptance Model (TAM) used to parse the decision to use the m-payment technology. Then added financial literacy as antecedent for decision using mpayment. Data collected using questionnaires distributed to students and collected 120 respondents, then analyzed by using SEM. The result showed that the perception of easy to use is not a consideration in using m-payment but rather the perception of usefulness and security. The financial literacy does not influence the intention to use m-payment, but it has an impact on the behavior of using mpayment.