Understanding customers’ usage behavior towards online banking services: an integrated risk–benefit framework

Simarpreet Kaur () and Sangeeta Arora
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Simarpreet Kaur: Guru Nanak Dev University
Sangeeta Arora: Guru Nanak Dev University

Journal of Financial Services Marketing, 2023, vol. 28, issue 1, No 6, 74-98

Abstract: Abstract The present study integrates perceived risk and perceived benefit with unified theory of acceptance and use of technology 2 (UTAUT2) to propose an integrated risk–benefit framework for predicting online banking services (OBS) usage behavior of customers. The proposed model assimilates perceived risk, perceived benefit, UTAUT2 factors along with age and gender as moderators. The PLS-SEM results showed that behavioral intention is negatively influenced by perceived risk and positively influenced by perceived benefit, performance expectancy, effort expectancy, social influence, hedonic motivation, price value. Usage behavior is positively influenced by behavioral intention and price value. As for moderators, gender moderates the effect of effort expectancy and price value on behavioral intention; however, age as a moderator is not supported. Based on the results, recommendations for bank managers are proposed.

Keywords: Online banking services (OBS); Perceived risk; Perceived benefit; UTAUT2; Behavioral intention; Usage behavior (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (4)

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DOI: 10.1057/s41264-022-00140-5

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