Digital Financial Literacy, Technology Trust, and Financial Attitudes: MSME Financial Well-Being in Pangkalpinang (Riset Akuntansi dan Bisnis Indonesia)

Summary

• The study surveyed MSME owners in Pangkalpinang City with a sample of 107 respondents selected via purposive sampling.p.1
• Digital financial literacy, trust in technology and financial attitudes together explain 86% of the variation in financial well-being.p.1
• The number of MSMEs in Pangkalpinang reached 26,875 units in 2025, an increase of 346 units from 26,529 in 2024.p.2
• The regression equation gives coefficients of -0.561 for digital financial literacy, 1.150 for trust in technology and 0.643 for financial attitude.p.11
• Digital financial literacy shows a significant negative relationship with financial well-being (t-count of -5.641), so hypothesis H1 is rejected.p.12
• Trust in technology has a significant positive relationship with financial well-being (t-count of 12.050 against a critical t-value of 1.660).p.12

Key insights

1. Digital financial literacy has a significant negative effect on the financial well-being of MSME owners, while trust in technology and financial attitudes have significant positive effects.p.1
2. The final regression analysis was conducted on 100 respondents after seven outliers were addressed and data transformation was performed.p.7
3. Reliability is acceptable, with Cronbach's alpha of 0.847 for digital financial literacy, 0.829 for trust in technology, 0.860 for financial attitude and 0.898 for financial well-being.p.9
4. A one-unit increase in trust in technology is associated with a 1.150-unit increase in predicted financial well-being.p.11
5. Higher digital financial literacy is associated with lower financial well-being among MSME owners in Pangkalpinang City, contradicting the proposed positive effect.p.12
6. The cross-sectional survey design limits conclusions about changes in financial well-being over time.p.13