UNDERSTANDING FINANCIAL LITERACY: ELECTRONIC MONEY AS A PAYMENT METHOD FOR KKP LIDIA, SURAKARTA

Abstract

ABSTRACT

Understanding financial literacy was carried out among members of the Koperasi Konsumen Perempuan (KKP) Lidia, GKJ Manahan in Surakarta, Central Java, Indonesia. KKP Lidia members include church mothers who have various work backgrounds, namely: housewives, private employees, civil servants and entrepreneurs. In this case, women (mothers) indeed play an important role as financial managers of both family finances and healthy business finances. In this digital era, we are required to be modern in terms of payments so that they are more practical and faster. For this reason, it is important for a woman to understand how to carry out purchase and sale transactions using electronic money. The majority of members have carried out transactions manually using cash, so they are not yet familiar with electronic money. This service focuses on continuously improving skills regarding understanding the use of electronic money as a means of payment. Payments using cash carry a higher risk of loss. For this reason, the service wants to provide financial literacy regarding the use of electronic money to help make the transaction process faster and more practical. This service is carried out using a structured training method, namely lectures, information discussions and previews in the form of questions and answers as a reference to assess members' understanding of the material that has been provided. Apart from that, the mothers' mindset changed, shown in response and enthusiasm during the service. The results of the discussion stated that Lidia KKP members gained knowledge about electronic money as payment and wanted to use it as a means of further payment transactions. Members can start something new to follow the trend of digitizing payments using electronic money.

Keywords: Literacy, Financial, E-money, Payment, Digital