The Basics of a Mobile Money-Based Financial Service: Perceptions of University Students in Nigeria

Pearson's correlation between determinants of MM (PEOU, PU, PCRED, and PR) and behavioral intention to use MM services (Source: IBM SPSS statistics version 25)

		MM determinants	Behavioral intention
MM determinants	Pearson's correlation	1	572^**
	Sig. (two tailed)	–	0
	n	249	249
Behavioral intention	Pearson's correlation	572^**	1
	Sig. (two tailed)	0	–
	n	249	249

** Correlation is significant at the 0.01 level (two tailed).

Table 2

Exploratory factor analysis of the measurement of determinants of MM (PEOU, PU, PCRED, and PR) (Source: IBM SPSS statistics version 25)

Item	Mean	SD	Factor loading	Item total correlation
Mobile money determinants Factor
PU	4.57	1.621	0.852	0.521
PEOU	4.46	0.433	0.781	0.454
PR	4.32	0.512	0.705	0.412
PCRED	4.12	1.132	0.699	0.399

[i] KMO (Kaiser-Meyer-Olkin index) = 0.802; x² =718.342; df = 3; p < 0.000; Cronbach's α = 0.711; percentage of variance explained = 60.67%.

Table 3

Determinants of MM as predictors of behavioral intention (Source: IBM SPSS statistics version 25)

	R	R²	Adjusted R²	F	B	T	Sig.
	0.721^a	0.512	0.474	21.162	---	---	0.000^b
PEOU					0.172	2.461	0.002
PU					0.188	3.212	0.001
PCRED					0.161	3.035	0.011
PR					0.157	2.482	0.021
(Constant)					---	2.637	0.005

a Dependent variable: behavioral intention.

b Predictors: (Constant) PEOU, PU, PCRED and PR.

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Articles in this issue

DOI: https://doi.org/10.2478/fman-2021-0016 | Journal eISSN: 2300-5661 | Journal ISSN: 2080-7279

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Language: English

Page range: 209 - 218

Published on: Dec 18, 2021

Published by: Warsaw University of Technology

In partnership with: Paradigm Publishing Services

Keywords:

mobile money service,

university students’ behavioral intention,

perceived ease of use,

perceived usefulness,

perceived credibility,

perceived risk

JEL:

M300,

M310

Related subjects:

Computer sciences,

Business computing,

Business and economics,

Business management,

Management accounting, financial controlling, cost calculation, investment

© 2021 Cosmas Anayochukwu Nwankwo, MacDonald Isaac Kanyangale, James Okechukwu Abugu, published by Warsaw University of Technology
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Volume 13 (2021): Issue 1 (January 2021)