The hedonistic behavior of young people is amplified by the convenience of purchasing goods through financial technology (fintech), particularly the Buy Now Pay Later (BNPL) feature, commonly referred to as Paylater. The unstoppable advancement of digital technology, especially in the financial sector, has made transactions faster, more accessible, and more efficient without requiring face-to-face interactions. This research aims to provide valuable insights for students and the broader Indonesian community regarding the impact of fintech Paylater innovations and lifestyle choices on personal financial behavior. Specifically, the study investigates whether fintech Paylater innovations and lifestyle habits influence the personal financial management of students in the Malang Raya area. Adopting a quantitative research approach, data were collected via a questionnaire from a sample of 186 respondents. The study, conducted from July to August, utilized multiple linear regression analysis with the assistance of SPSS v25 software. The findings indicate a positive and significant relationship between fintech Paylater innovations, lifestyle habits, and personal financial behavior. The results suggest that increased hedonistic tendencies, facilitated by the flexibility of Paylater payments, significantly influence financial planning, potentially improving future financial management for Malang Raya students. To provide a focused discussion, this study emphasizes payment flexibility, the negative impacts of hedonism, and effective financial management.
Read full abstract