Abstract:
This study examines the impact of mobile banking perceptions on personal finance
management of undergraduates. Undergraduates are a critical group, as they represent
the future workforce. They are in a transitional stage of becoming financially
independent while being early adopters of digital technologies. Their financial
decisions affect not only their personal well-being but also the nation’s economic
development, making it vital to understand their perceptions of mobile banking to
promote effective financial practices and long-term stability. The study investigates
how perceived ease of use, security, mobile banking literacy, and perceived
usefulness impact personal financial management. The study was quantitative. Data
were collected from 383 undergraduates across six universities using a structured
questionnaire through a random sampling technique. Data analysis conducted using
descriptive statistics, Pearson correlation, and multiple regression. The results
revealed all four perception dimensions significantly and positively impact personal
finance management, collectively explaining 88.9% of the variance. These findings
suggest the need for user-friendly mobile banking platforms, robust security features,
and digital literacy programmes for undergraduates. Positive perceptions of mobile
banking substantially enhance undergraduates’ ability to manage their finances
effectively, fostering academic success and future financial independence. Further,
study lies in providing a localised perspective within a developing economy, filling a
key research gap how mobile banking perceptions influence young adults’ personal
financial management.
