Financial literacy, behavioral traits, and ePayment adoption and usage in Japan

Trinh Quang Long; Peter J. Morgan; Naoyuki Yoshino

Financial Innovation · 2023-06-11
Research article · Published full-text version held by Europe PMC · CC BY 4.0 · 9,106 words

Original source: Volume 9 · Issue 1 · 101

Read article Ask paper agent

Ask this paper

Full manuscript text
Source-linked passage retrieval

Paper Agent

Agent platform credit

Dr. Freedom Cheteni · Editor in Chief

Research University Journal · JournalOS conception and editorial stewardship

https://orcid.org/0009-0006-3507-0094

This ORCID identifies the human contributor to the agent platform. Source-paper authors retain their own authorship and identifiers.

Manuscript & source record

Title: Financial literacy, behavioral traits, and ePayment adoption and usage in Japan
Authors / creators: Trinh Quang Long; Peter J. Morgan; Naoyuki Yoshino
Source: Complete manuscript edition 2026-11-05
Editorial record: Attributed Creative Commons source edition. Original publication and authorship remain with the source. Hosting is not a new peer-review decision.

Searches this article’s preserved text and returns exact passages. This agent searches this article’s preserved text; it does not create investment advice.

Attribution, rights & verification

Original authors / creators: Trinh Quang Long; Peter J. Morgan; Naoyuki Yoshino
Original publication: Financial Innovation · · 2023-06-11
Source & version: Authoritative source ↗ · Published full-text version held by Europe PMC
doi:10.1186/s40854-023-00504-3
License & retained notices: CC BY 4.0
© The Author(s) 2023
Article-specific license evidence ↗
Exact license notice
https://creativecommons.org/licenses/by/4.0/Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/. Article-specific license URI: https://creativecommons.org/licenses/by/4.0/
Edition changes: Narrative paragraphs and references retained with whitespace normalization; figures, tables and display equations remain in exact retained XML and original source, not the reader edition.
Evidence limits: Adjacent research, not a directly sampled family-office study. Applicability to a family office requires separate assessment. Although our study sheds light on the relationship between financial literacy and ePayment adoption, it has some limitations. First, although our measure of financial literacy is more comprehensive than most current measures in the literature, it lacks indicators that could be more relevant to digital finance, such as knowledge of digital risks and ways to control them. Second, owing to data limitations, we could not explore the effects of the COVID-19 pandemic on the relationship between financial literacy and ePayment services. Third, we could not examine the relationship between financial literacy and other aspects of fintech besides payment methods. Fourth, our study was limited to only two behavioral traits—risk aversion and herd behavior—and we could not construct more comprehensive indicators to reflect individuals’ behavioral traits. Therefore, careful interpretation of our results is required to determine the effects of behavioral factors. Finally, our study focused on the causal effects of financial literacy on ePayment adoption and usage in Japan. Future research can extend it to answer other interesting questions, such as how financial literacy affects payment choice or how cash preference and credit card ownership affect people’s adoption and usage of ePayment instruments.
Retraction / correction check: No retracted-publication label in the retrieved Europe PMC record or Crossref update-to/updated-by notice. XML metadata screened for retraction. Publisher article page searched for explicit correction/retraction/concern notices; see verification record. These bounded checks do not cover unlinked or unregistered notices and are not exhaustive independent retraction clearance. Verified 2026-11-05. Automated/source checks are not human peer review.
Preserved record: Rights and full text checked 2026-11-05. Included in this volume on 2026-11-05. Original source dates remain unchanged.
Download the preserved source
SHA-256 (retrieved artifact): 6015c5017aa4b4ee445eae69d9409d54135c7c09efced5b7f5e418a4a75e76c4
SHA-256 (preserved text edition): ceb9c9c559fab443bf231507eb497a406daf184a8be995229b56159f60fafe7b