Exploring the Impact of Using Financial Technology Application on Financial Welfare (Case Study in Medan City, East Medan District)

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DOI: https://doi.org/10.28924/2291-8639-23-2025-176
Published: Aug 1, 2025
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Abdillah Arif Nasution, Muhammad Rijal Balatif, Exploring the Impact of Using Financial Technology Application on Financial Welfare (Case Study in Medan City, East Medan District), Int. J. Anal. Appl., 23 (2025), 176.

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Abdillah Arif Nasution, Muhammad Rijal Balatif

Abstract

This study aims to examine the factors that affect Financial Welfare in the context of technology usage to enhance people's Financial Welfare. A case study was conducted in the Medan Timur District of Medan City. The analytical method used is descriptive statistical analysis and Structural Equation Modeling. The population and sample in this study were 245 Millennial Generation people in the East Medan District of Medan City. The sampling technique used was purposive sampling. The results of this study indicate that Financial Training has a negative and not significant effect on Financial Welfare in the Millennial Generation in Medan City, Financial Stress has a positive and significant effect on Financial Welfare in the Millennial Generation in Medan City, Financial Training has a positive and significant effect on Use of Financial Technology in the Millennial Generation in Medan City, Financial Stress has a positive and significant effect on Use of Financial Technology in the Millennial Generation in Medan City, Use of Financial Technology has a positive and significant effect on Financial Welfare in the Millennial Generation in Medan City, Use of Financial Technology can mediate the relationship between Financial Training and Financial Welfare, Use of Financial Technology unable to mediate the effect of Financial Stress on Financial Welfare.

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