Enhancing Financial Literacy through Fintech: A Study on Aceh's Millennials with Gender and Education as Moderators

Financial technology (fintech) has emerged as a transformative tool for promoting financial inclusion and enhancing financial literacy, particularly among the millennial generation. This study investigates the impact of fintech—specifically its dimensions of knowledge, usage, and accessibility—on the financial literacy of millennials in Aceh, Indonesia. Furthermore, the study examines whether gender and education level moderate these relationships. A quantitative approach was employed, utilizing both Structural Equation Modeling (SEM) and Moderated Multiple Regression (MMR) to ensure robust analysis. The sample consisted of ۳۲۸ millennial respondents, selected through purposive sampling. The findings reveal that fintech knowledge, usage, and accessibility each have a significant and positive effect on financial literacy. Additionally, both gender and education were found to moderate these relationships; however, the moderation did not differ significantly between male and female groups or across educational levels. This indicates that while gender and education enhance the strength of the relationship between fintech and financial literacy, their moderating effects are consistent across groups. These results suggest the need for inclusive financial education strategies that cater to all demographic segments. Financial institutions and policymakers should focus on increasing access to fintech tools and strengthening financial literacy programs without bias toward gender or educational background. Future studies are encouraged to replicate this research in other regions and to explore additional moderating variables that may influence fintech adoption and financial capability among youth.

کلیدواژه ها:

Financial Technology ، Financial literacy ، Millennials ، Structural equation model (SEM) ، Moderated Multiple Regression