The Influence of Fintech on the Financial Inclusion of the Tegal City Community

Abstract

. Financial inclusion is the availability of public access to financial service products that are in accordance with the needs and abilities of the community. This study aims to analyze the impact of financial literacy and the use of fintech on financial inclusion. Fintech in this study is a disruptive innovation in the financial sector by utilizing technology and the internet to encourage the implementation of financial transactions. The survey was conducted on residents of the city of Tegal by selecting a sample using a targeted sampling technique. The sample selected is individuals who meet the criteria above 15 years old and are residents of the city of Tegal. Questionnaire data was distributed to respondents. More than 100 respondents can meet the requirements and analyze. The analyzed data meets the requirements for validation and reliability checks. Hypothesis testing is done by multiple regression analysis. The results of financial literacy analysis show that financial literacy has a significant positive effect on financial inclusion. The results of fintech data analysis show that fintech has a significant positive effect on financial inclusion. This study shows that increasing financial literacy and using fintech can increase financial inclusion.