Financial Literacy, Consumptive Behavior, and Lifestyle on the Use of Shopee PayLater with the Moderating Role of Financial Behavior

Zein, Ahmad Zaki and Sartika, Farahiyah ORCID: https://orcid.org/0000-0002-2849-8811 (2025) Financial Literacy, Consumptive Behavior, and Lifestyle on the Use of Shopee PayLater with the Moderating Role of Financial Behavior. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 8 (2). pp. 5910-5927. ISSN e-ISSN: 2621-606X

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Abstract

The Covid-19 pandemic led to a surge in online shopping and an increased use of Buy Now, Pay Later (BNPL) options like Shopee PayLater, particularly among university students who live away from home and have considerable financial needs. However, the impact of factors such as financial literacy, consumptive behavior, and lifestyle on the usage of these services, with financial behavior acting as a moderating factor, remains insufficiently understood. This research explores how financial literacy, consumptive behavior, and lifestyle influence the adoption of Shopee PayLater among university students in Malang City, with financial behavior as a moderating element. Using a quantitative approach, the study surveyed 100 students across five universities in Malang City and analyzed the data through Structural Equation Modeling (SEM) with SmartPLS 4.0. The results show that financial literacy and lifestyle do not significantly affect Shopee PayLater usage, whereas consumptive behavior exerts a positive influence. Additionally, financial behavior moderates the impact of both financial literacy and lifestyle on BNPL service usage and also influences the connection between consumptive behavior and Shopee PayLater utilization. These findings underscore the need for initiatives that not only enhance financial literacy but also focus on managing consumptive behavior and spending habits to mitigate students' dependency on BNPL services.

Item Type:	Journal Article
Keywords:	Financial Literacy, Consumptive behavior, Lifestyle, Shopee PayLater, Financial Behavior
Subjects:	15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1503 Business and Management
Divisions:	Faculty of Economics > Department of Management
Depositing User:	Farahiyah Sartika
Date Deposited:	21 Dec 2025 23:12

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