ReasonToUseCashPaymentIJSRM

Introduction

• Focus on the rise of Cash Payment in the context of Industry 4.0 and financial technology.

• The integration of technology in payment systems facilitated the emergence of cash and digital transactions.

Research Purpose

• Investigate factors influencing cash payment usage in Yogyakarta, focusing on Super Indo supermarket.

• Utilizes a quantitative approach through a questionnaire, sampling 100 individuals aged 17 and older.

Key Concepts of Payment Systems

• Payment systems have evolved due to technological innovations, but cash payments remain prevalent.

• Cash is perceived as safer and serves critical economic functions like medium of exchange and store of value.

Findings on Cash Payment Usage

• The study identifies four main factors influencing cash payment usage:

  • Manageable: Refers to cash's control over expenditures, which appears insignificant in influencing cash usage.

  • Flexibility: While flexibility is desired, it does not significantly impact cash usage, as cash payments are universally accepted.

  • Transaction Volume: A significant factor; higher transaction volumes lead to increased cash payment preferences.

  • Charge for Non-Cash Payment: Additional fees influence consumers to choose cash payments to avoid transaction costs.

Discussion and Conclusion

• Majority of respondents still prefer cash for daily transactions, despite advancements in digital payments.

• Positive correlation between transaction volume and cash usage indicates practicality and ease in daily shopping.

• Charge for non-cash payments drives users towards cash to mitigate additional costs.

• Overall, despite efforts to promote digital payments, cash remains a preferred payment method in Yogyakarta.