The Influence of Pegadaian’s Tring! App Adoption on E-Gold Investment Intention: Financial Planning as a Mediator and Innovativeness as a Moderator

Authors

  • Hamdan Fathurrahman UIN Syarif Hidayatullah Jakarta
  • Nofrianto Nofrianto UIN Syarif Hidayatullah Jakarta
  • Dwi Nur'aini Ihsan UIN Syarif Hidayatullah Jakarta

DOI:

https://doi.org/10.37680/ijief.v6i2.10566

Keywords:

Tring! by Pegadaian; E-Gold Investment; Sharia Financial Planning; Dispositional Innovativeness; Technology Acceptance Model

Abstract

Digitalization in Islamic financial services has created new opportunities for gold investment through technology-based platforms, including Tring! by Pegadaian. This study examines the influence of Perceived Usefulness and Perceived Ease of Use on Tring! adoption intention and its subsequent effect on E-Gold investment intention, with Sharia Financial Planning as a mediating variable and Dispositional Innovativeness as a moderating variable. The study responds to the gap between Indonesia’s relatively higher Islamic financial literacy and its substantially lower financial inclusion, while addressing the limited empirical evidence on Sharia-compliant digital gold investment platforms. A quantitative approach was employed using survey data from customers of PT Pegadaian Syariah CPS Kebonjati Sukabumi and analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS). The results show that Perceived Usefulness (β = 0.195; p = 0.002) and Perceived Ease of Use (β = 0.636; p = 0.000) positively and significantly influence adoption intention, with ease of use being the stronger predictor. Adoption intention significantly influences E-Gold investment intention (β = 0.422; p = 0.000), and Sharia Financial Planning significantly mediates this relationship (β = 0.161; p = 0.000). Conversely, Dispositional Innovativeness does not significantly moderate the relationship between adoption intention and E-Gold investment intention (β = 0.002; p = 0.454). These findings indicate that digital gold investment adoption is strengthened primarily by application usability, perceived benefits, and sound Sharia financial planning rather than individual innovativeness. The study highlights the importance of integrating ease of use, practical financial planning, and Sharia-oriented educational features to strengthen the transition from digital platform adoption to investment intention.

References

Abdullah, F. D., Is, M. S., Wiwaha, S. M., Negeri, U. I., & Palembang, R. F. (2024). Contemporary Challenges for Sharia Financial Institutions to Increase Competitiveness and Product Innovation Perspective of Sharia Economic Law: Evidence in Indonesia. MILRev: Metro Islamic Law Review, 3(2), 141–173.

Abdullah, F. D., Nurhasanah, A. A., Sulistiyo, B., & Saepudin, D. (2024). Analisis Tujuan dan Manfaat Penelitian Ilmiah dalam Pengembangan Hukum Ekonomi Syariah Perspektif Teoritis dan Aplikatif Analysis of the Goals and Benefits of Scientific Research in the Development of Sharia Economic Law from Theoretical and Applicable Pe. Jurnal Hukum Ekonomi Syariah Dan Keuangan Islam, 2(2), 77.

Adamek, J. (2023). OeconomiA copernicana. 14(1). https://doi.org/https://doi.org/10.24136/oc.2023.005

Alabi, A. T., & Jelili, M. O. (2023). Clarifying likert scale misconceptions for improved application in urban studies. Quality and Quantity, 57(2), 1337–1350. https://doi.org/https://doi.org/10.1007/s11135-022-01415-8

Amim, M., Mumin, A., & Husniyah. (2016). Mediation Effect of Islamic Financial Planning Intention in The Behaviour Framework of Malaysian Public Workers. Malaysian Journal of Consumer and Family Economics.

APJII. (2025). APJII Jumlah Pengguna Internet Indonesia Tembus 221 Juta Orang.

Arner, D. W., Zetzsche, D. A., Buckley, R. P., & Barberis, J. N. (2017). Fintech And Regtech: Enabling Innovation While Preserving Financial Stability. Georgetown Journal of International Affairs, 8(3), 47–58.

Board, F. S. (2019). FinTech and market structure in financial services: Market developments and potential financial stability implications.

Chan, R., Troshani, I., Rao Hill, S., & Hoffmann, A. (2022). Towards an understanding of consumers’ FinTech adoption: The case of Open Banking. International Journal of Bank Marketing, 40(4), 886–917.

Creswell, J. W. (2018). Research Design: Qualitative, Quantitative, and Mixed Methods Approaches. SAGE Publications.

Davis, F. D., Bagozzi, R. P., & Warshaw, P. R. (1989). Use Acceptance of Computer Technology: A Comparison of Two Theoretical Models. Management Science, 35(8).

Dody, S. (2026). Tring! by Pegadaian Tembus 2 Juta Pengguna: Komitmen Digitalisasi Ekosistem Emas dan Inklusi Finansial. https://pegadaian.co.id/artikel/berita/Tring!-by-Pegadaian-Tembus-2-Juta-Pengguna.

Ediagbonya, V., & Tioluwani, C. (2023). The role of fintech in driving financial inclusion in developing and emerging markets: issues, challenges and prospects. Technological Sustainability, 2(1), 100–119.

Firmansyah, E. A., Masri, M., Anshari, M., & Besar, M. H. A. (2023). Factors Affecting Fintech Adoption: A Systematic Literature Review. FinTech, 2(1), 21–33. https://doi.org/https://doi.org/10.3390/fintech2010002

Gosal, G. G., Yusup, A. K., Nadya, B., Lioe, K. B., Cinta, Y., Desylina, A., & Claudia, M. (2024). Investasi Cerdas : Perencanaan Keuangan Yang Bijak Untuk Pengambilan Keputusan Yang Tepat. Jurnal Leverage, Engagement, Empowerment of Community, 6(2), 155–160.

Hair, J. F., Hult, G. T. M., Ringle, C. M., Sarstedt, M., Danks, N. P., & Ray, S. (2021). An Introduction to Structural Equation Modeling. https://doi.org/https://doi.org/10.1007/978-3-030-80519-7_1

Handayani, D., & Busaini, B. (2025). Factors of Public Interest in Investing in Gold Jewelry from an Islamic Economic Perspective in the Sekarbela Area. 1(1), 1–11.

Indriani, S., Nurwati, S., & Mahrita, A. (2025). Exploring the acceptance of fintech-based credit services: The impact of technology perception, social norms, and income. 14(1), 28–42.

Kaushik, M. K., & Agrawal, D. (2021). Influence of technology readiness in adoption of e-learning. International Journal of Educational Management, 35(2), 483–495. https://doi.org/https://doi.org/10.1108/IJEM-04-2020-0216

Kurniawan, T. A., Primastiwi, A., & Milanda, D. P. (2024). Perceived Risk And Self Efficacy Effect On Digital Gold Applications Usage. Jurnal Manajemen, 28(3), 547–566. https://doi.org/https://doi.org/10.24912/jm.v28i3.1982

Kusmantari, A. A. (2024). Enhancing Financial Stability through Islamic Financial Planning: Literacy, Trust, and Investment Strategies in Indonesia. Social & Economic Bulletin (SEBI), 1(3), 192–207. https://ejournal.bacadulu.net/index.php/sebi

Marakarkandy, B. (2017). Enabling internet banking adoption: An empirical examination with an augmented technology acceptance model (TAM). Journal of Enterprise Information Management. https://doi.org/https://doi.org/10.1108/JEIM-10-2015-0094

Maynanda, A. D., Hayuhardika, W., Putra, N., Perdanakusuma, A. R., Studi, P., Informasi, S., Komputer, F. I., & Brawijaya, U. (2017). White Paper Digital Rupiah Teori Diffusion OF. Jurnal Pengembangan Teknologi Informasi Dan Ilmu Komputer, 1(1), 1–17.

Mohajan, H. K. (2020). Quantitative Research: A Successful Investigation in Natural and Social Sciences. Journal of Economic Development, Environment and People, 9(4), 50–79.

Nurdin, N. (2025). Emas Digital sebagai Model Investasi Berbasis Nilai Syariah untuk Menguatkan Ekonomi Umat di Era Transformasi Digital. Scientific Journal for Nation Building, 1(3), 266–277.

Omar, N., & Khairi, K. F. (2024). Islamic Financial Planning: Towards Achieving Al-Falah. Journal Islamic Philanthropy and Social Finance, 6(2), 17–24. https://doi.org/https://doi.org/10.24191/jipsf/v6n22024_17-24

Pahlevi, R., Zulpahmi, Z., Al-Azizah, U. S., & Hasibuan, A. A. (2023). Adoption of fintech services for sharia bank users in Indonesia: An extended TAM approach. Equilibrium: Jurnal Ekonomi Syariah, 11(1), 27–50. https://doi.org/https://doi.org/0.21043/equilibrium.v11i1.19641

Pandey, L. K., Bhattacharjee, J., Singh, R., Baker, H. K., & Sharma, R. K. (2025). Fintech Adoption and Dispositional Innovativeness in E-Gold Investment: Evidence from India. 1–22.

Pegadaian, S. (2026). Tring! by Pegadaian: Kenali Fitur Layanan & Keuntungannya. https://pegadaian.co.id/artikel/edukasi/tring-aplikasi-pegadaian-terbaru

Preacher, K. J., & Hayes, A. F. (2008). Asymptotic and resampling strategies for assessing and comparing indirect effects in multiple mediator models. Behavior Research Methods, 40(3), 879–891. https://doi.org/https://doi.org/10.3758/BRM.40.3.879

Purwantini, A. H., Athief, F. H. N., & Waharini, F. M. (2020). Indonesian Consumers’ Intention of Adopting Islamic Financial Technology Services. Shirkah: Journal of Economics and Business, 5(2).

Supriyanto, A., & Fagustina, A. (2024). Sustainability of Sharia Fintech: The Role of Perceived Benefit And Perceived Risk. MALIA: Journal of Islamic Banking and Finance, 8(1), 29. https://doi.org/https://doi.org/10.21043/malia.v8i1.26635

Venkatesh, V., & Davis, F. (2000). A Theoretical Extension of the Technology Acceptance Model: Four Longitudinal Field Studies. Management Science, 46, 186–204. https://doi.org/https://doi.org/10.1287/mnsc.46.2.186.11926

Xue, J., Rasool, Z., Khan, M. A., Khan, A. I., Khan, F., Khan, A. A., Shoukat, R., & Ali, H. (2021). The Influence of Substituting Prices, Product Returns, and Service Quality on Repurchase Intention. Complexity, 2021. https://doi.org/https://doi.org/10.1155/2021/4167340

Downloads

Published

2026-10-19

How to Cite

Fathurrahman, H., Nofrianto, N., & Ihsan, D. N. (2026). The Influence of Pegadaian’s Tring! App Adoption on E-Gold Investment Intention: Financial Planning as a Mediator and Innovativeness as a Moderator. Indonesian Journal of Islamic Economics and Finance, 6(2), 421–438. https://doi.org/10.37680/ijief.v6i2.10566

Issue

Vol. 6 No. 2 (2026)

Section

Articles

License

Copyright (c) 2026 Hamdan Fathurrahman, Nofrianto Nofrianto, Dwi Nur'aini Ihsan

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Copyright:

An author who publishes in Indonesian Journal of Islamic Ekonomics and Finance agrees to the following terms:

  • Author retains the copyright and grants the journal the right of first publication of the work simultaneously licensed under a Creative Commons Attribution-NonCommercial 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
  • Author is able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book) with the acknowledgment of its initial publication in this journal.
  • Author is permitted and encouraged to post his/her work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of the published work (See The Effect of Open Access).

License:

  • Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.

  • NonCommercial — You may not use the material for commercial purposes.

  • No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.

You are free to:

  • Share — copy and redistribute the material in any medium or format
  • Adapt — remix, transform, and build upon the material

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.