Digital Finance Education as an Effort to Form a Wise Attitude towards the use of Paylater

Abstract

The problem of this service activity is the low understanding of SMA Negeri 13 Medan students of digital financial risks, especially the use of PayLater services, as well as the lack of integration of financial literacy topics into subjects at school, and the lack of school cooperation with partners in soft skills education activities, especially related to digital financial management. After the education was provided, it was found that there was a significant change in understanding. Data were obtained through field observations, interviews with the school, and completion of pre-test and Post-test instruments by students. The solutions provided in this activity include digital financial literacy education, an understanding of how PayLater works, the risks associated with impulsive or excessive spending, and the development of prudent financial management attitudes, accompanied by discussion, questions, and answer sessions. The method of implementing the service includes situation analysis, preparation of educational materials, delivery of interactive seminars, case simulations, and evaluation of understanding through pre- and Post-Tests. The stages of the activity are carried out through the collection of initial data, coordination with schools, preparation of materials, implementation of education in grade XII at SMA Negeri 13 Medan, as well as the evaluation and awarding of active students. The results of implementing the activity showed that the level of understanding among participants increased from an average of 91% to 98%, with the lowest initial score of 30% and a final score of 100% after the education was carried out. In general, it shows that service activities are very effective in improving the knowledge gap regarding digital finance, PayLater risks, fines, and personal financial management. Overall, the service activities successfully improved digital financial literacy, reduced student misconceptions, and promoted a prudent attitude towards using the PayLater service. Additionally, this activity prompted the school to consider forming a financial literacy team and exploring opportunities for further education cooperation with external partners.