Table 2 Statistics of adopters of ePayment services
From: Financial literacy, behavioral traits, and ePayment adoption and usage in Japan
| Â | E-money adoption | Mobile payment app adoption | Adoption of at least one ePayment service | |||
|---|---|---|---|---|---|---|
Mean | SD | Mean | SD | Mean | SD | |
Financial literacy | 15.69 | 6.35 | 15.20 | 6.58 | 15.66 | 6.37 |
With risk aversion (%) | 33.43 | 47.17 | 6.02 | 23.79 | 35.20 | 47.76 |
Without risk aversion (%) | 43.81 | 49.62 | 14.61 | 35.32 | 47.34 | 49.93 |
With herd behavior (%) | 36.69 | 48.20 | 11.79 | 32.25 | 39.78 | 48.95 |
Without herd behavior (%) | 35.60 | 47.88 | 7.20 | 25.86 | 37.59 | 48.44 |
Limited acceptance (of stores) (%) | 38.97 | 48.77 | 7.96 | 27.07 | 41.58 | 49.29 |
Long time to settle (%) | 34.98 | 47.70 | 7.24 | 25.92 | 37.60 | 48.45 |
Private information not adequately secure (%) | 36.32 | 48.10 | 2.38 | 15.23 | 37.15 | 48.33 |
Lack of tools to prevent overuse (%) | 34.55 | 47.56 | 5.64 | 23.08 | 36.65 | 48.20 |
Fully satisfied with cash (%) | 24.21 | 42.84 | 3.88 | 19.31 | 25.18 | 43.41 |
Female (%) | 34.93 | 47.68 | 5.05 | 21.89 | 36.51 | 48.15 |
Male (%) | 36.65 | 48.19 | 10.96 | 31.24 | 39.44 | 48.87 |
Age < 30 (%) | 31.93 | 46.63 | 11.81 | 32.28 | 35.66 | 47.91 |
Age ≥ 30 and < 40 (%) | 36.94 | 48.27 | 12.30 | 32.84 | 40.43 | 49.08 |
Age ≥ 40 and < 50 (%) | 39.25 | 48.84 | 9.80 | 29.74 | 41.73 | 49.32 |
Age ≥ 50 and < 60 (%) | 41.62 | 49.30 | 7.64 | 26.57 | 43.26 | 49.55 |
Age ≥ 60 and < 70 (%) | 36.29 | 48.09 | 4.30 | 20.29 | 37.52 | 48.42 |
Age ≥ 70 (%) | 26.75 | 44.27 | 2.02 | 14.06 | 27.30 | 44.56 |
Primary/secondary/others (%) | 23.59 | 42.48 | 5.93 | 23.64 | 25.10 | 43.39 |
High school (%) | 29.69 | 45.69 | 6.28 | 24.26 | 31.83 | 46.58 |
Specialized college (%) | 34.08 | 47.41 | 7.15 | 25.77 | 36.43 | 48.13 |
Junior college/technical college (%) | 36.19 | 48.06 | 5.23 | 22.26 | 37.71 | 48.48 |
University graduate (%) | 40.97 | 49.18 | 10.01 | 30.02 | 43.25 | 49.54 |
Graduate school (%) | 48.37 | 50.00 | 13.88 | 34.59 | 51.63 | 50.00 |
No income (%) | 21.73 | 41.27 | 4.27 | 20.23 | 22.99 | 42.10 |
< 2.5 ml (%) | 32.05 | 46.67 | 6.58 | 24.80 | 34.01 | 47.38 |
≥ 2.5 ml and < 5 ml (%) | 34.67 | 47.60 | 7.22 | 25.88 | 37.09 | 48.31 |
≥ 5 ml and < 7.5 ml (%) | 40.24 | 49.04 | 9.56 | 29.41 | 42.71 | 49.47 |
≥ 7.5 ml and < 10 ml (%) | 44.43 | 49.70 | 11.30 | 31.67 | 47.40 | 49.94 |
≥ 10 ml and < 15 ml (%) | 49.37 | 50.01 | 13.75 | 34.46 | 51.75 | 49.99 |
≥ 15 ml (%) | 52.41 | 49.99 | 16.77 | 37.40 | 54.72 | 49.83 |
Don't know/don’t say (%) | 28.59 | 45.19 | 5.07 | 21.95 | 29.94 | 45.80 |