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Title:
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IMPORTANT FACTORS THAT MUST BE DEVELOPED BY ONLINE LOAN PLATFORMS FOR STUDENTS: CASE STUDIES OF CAMPUSES IN INDONESIA |
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Author(s):
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Andre Parvian Aristio, Jihan Nabila, Mudjahidin, Faizal Johan Atletiko, S. Supardi and Anggraini Naya Parahita3 |
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ISBN:
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978-989-8704-46-7 |
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Editors:
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Piet Kommers, Tomayess Issa, Adriana Backx Noronha Viana, Theodora Issa and Pedro Isaías |
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Year:
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2022 |
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Edition:
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Single |
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Keywords:
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P2P Lending, Financial Technology, Intention to Use, Structural Equation Modeling (SEM) |
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Type:
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Full Paper |
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First Page:
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95 |
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Last Page:
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102 |
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Language:
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English |
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Cover:
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Full Contents:
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click to dowload 
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Paper Abstract:
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The use of financial technology, especially in the loan and fund provision sector, is currently rife in Indonesia. It can be seen from the increase in the number of lending transactions through peer-to-peer lending (P2P lending) services that occur every year. Even so, P2P lending is a financial service that has many benefits as well as risks. Based on that, there is a need to identify factors that can influence the intention to use P2P lending services especially in development countries. The aim of this research is to identify the structural relationship between the researched variables that influence the intention of loan service users in P2P lending using Partial Least Square-Structural Equation Modeling (PLS-SEM) method by adopting several variables from TAM and UTAUT. The analysis result of this study indicates that the intention to use the P2P lending platform is highly influenced by "Perceived Usefulness" (PU), "Individual Mobility" (IM), "Subjective Norms" (SN), "Hedonic Motivation" (HM), and "Personal Innovativeness" (PI). It also known that "Perceived Ease of Use" (PEOU), "Perceived Trust" (TR) and "Perceived Risk" (PR) has no significance influence towards intention of use. Based on the results, several recommendations were made for the P2P lending platform providers that can be used as input for the development of their services. This research collected 282 data from P2P lending's borrowers through online questionnaires. |
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