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Use of Digital Finance Platforms for Personal Finance Management in Rural China: Antecedents and Consequences

Author

Listed:
  • Xiao Qian Wu

    (Curtin University, Malaysia)

  • Ching Seng Yap

    (Curtin University, Malaysia)

  • Poh Ling Ho

    (Riam Institute of Technology, Malaysia)

Abstract

This study examined the antecedents and consequences of the use of digital finance platforms to manage personal finance of rural people in China. The conceptual framework of the study was developed from the integration of Unified Theory of Acceptance and Use of Technology, DeLone and McLean Model of Information Systems Success, and perceived risk. This study employed a quantitative approach using a questionnaire survey. A total of 403 valid responses were collected using a multi-stage sampling design. Data were analyzed using the Partial Least Squares Structural Equation Modeling technique with the R plspm package. The study revealed that performance expectancy, effort expectancy, facilitating conditions, and perceived risk significantly influence the use of digital finance platforms among rural people in China, which then lead to user satisfaction and net benefits. The research contributed to technology adoption literature in the context of rural people. For practice, the research findings were important to the development of a solid digital finance ecosystem.

Suggested Citation

  • Xiao Qian Wu & Ching Seng Yap & Poh Ling Ho, 2022. "Use of Digital Finance Platforms for Personal Finance Management in Rural China: Antecedents and Consequences," Journal of Electronic Commerce in Organizations (JECO), IGI Global, vol. 20(1), pages 1-22, January.
    • Handle: RePEc:igg:jeco00:v:20:y:2022:i:1:p:1-22
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    References listed on IDEAS

    as
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    3. Jing He & Qinghai Li, 2020. "Can online social interaction improve the digital finance participation of rural households?," China Agricultural Economic Review, Emerald Group Publishing Limited, vol. 12(2), pages 295-313, April.
    4. Weidong Chen & Xiaohui Yuan, 2021. "Financial inclusion in China: an overview," Frontiers of Business Research in China, Springer, vol. 15(1), pages 1-21, December.
    5. Peterson K. Ozili, 2018. "Impact of digital finance on financial inclusion and stability," Borsa Istanbul Review, Research and Business Development Department, Borsa Istanbul, vol. 18(4), pages 329-340, December.
    6. Stijn Claessens & Thomas Glaessner & Daniela Klingebiel, 2002. "Electronic Finance: Reshaping the Financial Landscape Around the World," Journal of Financial Services Research, Springer;Western Finance Association, vol. 22(1), pages 29-61, August.
    7. Ozili, Peterson Kitakogelu, 2018. "Impact of Digital Finance on Financial Inclusion and Stability," MPRA Paper 84771, University Library of Munich, Germany.
    8. Yiu, Chi Shing & Grant, Kevin & Edgar, David, 2007. "Factors affecting the adoption of Internet Banking in Hong Kong—implications for the banking sector," International Journal of Information Management, Elsevier, vol. 27(5), pages 336-351.
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    Cited by:

    1. Jiangbo Yu & Ying Xu & Kai Bai, 2022. "Can Digital Finance Narrow the Household Consumption Gap of Residents on Either Side of the Hu Line?," Sustainability, MDPI, vol. 14(15), pages 1-17, August.

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