The Effect of Millennial and Gen-Z Generation Disruption on Decreasing Buying and Selling Transactions using Cash

DOI

10.2991/978-2-38476-132-6_48How to use a DOI?

Keywords

Disruption; Generation Z; Millennial Generation; Digital Transactions

Abstract

Millennials and Gen-Z generations are generations born in the era of high technology and have a tendency to use technology in everyday life. The disruption caused by these two generations has had a considerable influence on many things, one of which is changes in buying and selling transaction patterns, especially in terms of the use of cash. One of the main causes of this disruption is the existence of technological advances that have changed the way people make transactions. With the internet and digital payment applications, people can easily make buying and selling transactions online. This has reduced the need to physically meet the other party in a buy and sell transaction, which can reduce the overall frequency of buy and sell transactions. The purpose of this writing is, To find out how millennial and Gen-Z disruptions can occur, find out how much influence Millennial and Gen-Z generation disruptions have had on reducing transactions using cash, and identify factors that influence the tendency of these two generations to prefer digital payment technology over cash in buying and selling transactions. This study uses qualitative and quantitative methods by collecting data by filling out questionnaires with several people from the Millennial and Gen-Z generations, data will also be collected from secondary sources such as industry reports and previous studies on the Millennial and Gen-Z generations and buying and selling transactions. . From this study it can be concluded that the two generations tend to prefer to use digital payment technology rather than cash in buying and selling transactions. This is due to the convenience and speed of transaction processing offered by digital payment technology, as well as the security factor that is more trusted by the two generations.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial 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 license and indicate if changes were made.

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TY  - CONF
AU  - Joshua Paundra
AU  - Hafsyah Hamidah
AU  - Karen Mossa Anggita
AU  - Rahmi Setiawati
AU  - Andrean Nazly Regan Sadaukur Sitepu
PY  - 2023
DA  - 2023/10/31
TI  - The Effect of Millennial and Gen-Z Generation Disruption on Decreasing Buying and Selling Transactions using Cash
BT  - Proceedings of the 6th International Conference on Vocational Education Applied Science and Technology (ICVEAST 2023)
PB  - Atlantis Press
SP  - 548
EP  - 559
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-132-6_48
DO  - 10.2991/978-2-38476-132-6_48
ID  - Paundra2023
ER  -