Internet of Things (IoT) embraces Internet technologies supporting remote and mobile applications including Mobile Wallet (M-Wallet). The M-Wallet is an electronic wallet (ewallet), a mean that is widely used for digital payment. While literature indicated that neighboring countries advanced in the adoption of M-Wallet for digital payment, Malaysia is considerably “infant” as this technology is not extensively used. As such, a study had been conducted to investigate the users’ behavioral intention and the determinant to adopt mobile wallets as digital payment platform in a selected locality in Malaysia. Built upon three basic constructs of Unified Theory of Acceptance and Use of Technology 2 (UTAUT 2) and previous relevant research models, a model of factors influencing behavioral intention on mobile wallet for this study was proposed. Adopting the convenience sampling technique, the online questionnaire had been administered to 384 respondents. The 327 returned questionnaires had been examined and the 315 valid questionnaires were brought into analysis. Both SPSS and SmartPLS were used for descriptive analysis, internal consistency reliability analysis, indicator reliability analysis, convergent validity analysis, discriminant validity analysis, coefficient of determination (R2) analysis, path coefficients analysis and hypotheses testing where appropriate. The results revealed that Hedonic Motivation is the strongest and most crucial factor influencing the intention to use mobile wallet. The Perceived Risk, Perceived Security and Perceived Trust have significant influence on behavioral intention on mobile wallet usage.
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