Utilization of Electronic Money

Abstract The purpose of this study is to determine the impact of electronic money (E-money) on financial transactions and economic growth in the community. This research used a descriptive longitudinal method by interviewing several users of E-money as the data collection techniques. The result of this research shows that E-money users prefer non-cash transactions, we also got a new fact that the majority of middle- and upper-class people prefer non-cash transactions because it is more effective and efficient in making transactions. From this research, it can be obtained that E-money can be a legitimate payment system that facilitate the upper-middle and lower-middle class. The existence of E-money will help the user, so they do not need to pay directly.