Model acceptance and use of e-banking with Javanese philosophical approach: An effort to create less-cash society

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Indonesia is a developing country with many local cultures trying to continue increasing electronic transactions with e-Banking. UTAUT2 is the one of acceptance and use of the technology model. This study focuses on investigating the effect of Javanese cultural philosophy (local culture in Indonesia) on banking customer behavior in accepting and using banking transactions. This paper is supported by qualitative information, although it uses a quantitative approach. The Javanese cultural philosophy “Ojo Gumunan, Ojo Kagetan” was the main information before distributing the questionnaire as primary data. This model uses UTAUT2 and data analysis using PLS-SEM with SmartPLS. The main results reinforce the theory that the Javanese cultural philosophy “Ojo Gumunan, Ojo Kagetan” is a significant dominant factor in influencing behavior intention. The results of applying the UTAUT2 model show a variance of 86.4% for the endogenous variable behavioral intention and 72.4% for the endogenous variable use behavior to e-banking, which exceeds the value of the original model. Findings revealed that the variables of Javanese philosophy and promotion conditions have a significant effect on behavioral intentions. The facilitating condition variables, habit variables, and behavioral intentions variables on behavior using e-banking proved to affect significantly. This study aims to evaluate the model of acceptance and use of e-banking with a Javanese philosophical approach. The evaluation results show that Javanese philosophy is the main and dominant factor in the model. The contribution of this study can provide insights for practitioners and researchers that increasing non-cash banking transactions (less-cash society) through e-banking can use a local-cultural philosophical approach.

Acknowledgments
The authors appreciate cultural experts’ contributions, including Magnis Suseno, Didik Nini Thowok, Sujiwo Tejo, and members of the FGD in providing information about Javanese culture. The authors are grateful to all parties who have given their feedback and support in completing this paper.

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    • Figure 1. The model based on UTAUT2
    • Table 1. Convergent validity and reliability for the reflective indicators
    • Table 2. Formative indicators
    • Table 3. Loading and cross-loadings
    • Table 4. Collinearity statistics (VIF)
    • Table 5. Hypotheses testing
    • Table 6. Evaluating coefficients of R2, Q2, f2, and decision
    • Conceptualization
      Eduardus Suharto, Ubud Salim, Sumiati, Ainur Rofiq
    • Data curation
      Eduardus Suharto
    • Formal Analysis
      Eduardus Suharto, Ubud Salim, Sumiati, Ainur Rofiq
    • Investigation
      Eduardus Suharto, Ubud Salim, Sumiati, Ainur Rofiq
    • Methodology
      Eduardus Suharto, Ubud Salim, Sumiati, Ainur Rofiq
    • Project administration
      Eduardus Suharto, Ainur Rofiq
    • Resources
      Eduardus Suharto, Ainur Rofiq
    • Supervision
      Eduardus Suharto, Ubud Salim, Sumiati, Ainur Rofiq
    • Validation
      Eduardus Suharto, Ubud Salim, Sumiati, Ainur Rofiq
    • Visualization
      Eduardus Suharto, Ainur Rofiq
    • Writing – original draft
      Eduardus Suharto, Ainur Rofiq
    • Writing – review & editing
      Eduardus Suharto, Ubud Salim, Sumiati, Ainur Rofiq
    • Funding acquisition
      Eduardus Suharto
    • Software
      Eduardus Suharto