Exploring cashless technology continuance among SME entrepreneurs: an integrated approach with sustainability mediation and demographic moderation

Abstract The rapid advancement of cashless technologies has transformed financial transactions worldwide. In Bangladesh, entrepreneurs affiliated with Small and Medium Enterprises (SMEs) are increasingly adopting these innovations to enhance business efficiency and sustainability. This study delves...

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Main Authors: Nahida Sultana, S. M. Shafiul Alam, Rifat Parveen Bokhari
Format: Article
Language:English
Published: SpringerOpen 2025-06-01
Series:Journal of Innovation and Entrepreneurship
Subjects:
Online Access:https://doi.org/10.1186/s13731-025-00522-8
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author Nahida Sultana
S. M. Shafiul Alam
Rifat Parveen Bokhari
author_facet Nahida Sultana
S. M. Shafiul Alam
Rifat Parveen Bokhari
author_sort Nahida Sultana
collection DOAJ
description Abstract The rapid advancement of cashless technologies has transformed financial transactions worldwide. In Bangladesh, entrepreneurs affiliated with Small and Medium Enterprises (SMEs) are increasingly adopting these innovations to enhance business efficiency and sustainability. This study delves into the factors influencing the continued use of cashless technologies among SME entrepreneurs by developing an integrated and extended model. It combines the Unified Theory of Acceptance and Use of Technology (UTAUT2) with the Information Systems (IS) Continuance Model, incorporating attitude toward sustainability as a mediator and gender and education as moderating variables. Following an empirical investigation of 219 SME entrepreneurs in Bangladesh, this study employs a Structural Equation Modeling (SEM) approach. The findings indicate that performance expectancy, facilitating conditions, and hedonic motivation directly impact entrepreneurs' satisfaction, which, in turn, influences their intention to continue using cashless technologies. Additionally, attitude toward sustainability partially mediates the relationship between satisfaction and continuance intention. Furthermore, gender negatively moderates the relationship between social influence and satisfaction, whereas education also inversely moderates the link between effort expectancy and satisfaction. By integrating UTAUT2 with the IS Continuance Model and incorporating sustainability and demographic moderators, this research provides a comprehensive theoretical framework for examining both cashless technology usage's pre-adoption and post-adoption phases in entrepreneurial contexts. The findings suggest that policymakers and fintech developers refine their strategies, ensuring sustained user engagement and long-term adoption.
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spelling doaj-art-b63367e604b74ce1835eca6be6893a772025-08-20T03:22:57ZengSpringerOpenJournal of Innovation and Entrepreneurship2192-53722025-06-0114113210.1186/s13731-025-00522-8Exploring cashless technology continuance among SME entrepreneurs: an integrated approach with sustainability mediation and demographic moderationNahida Sultana0S. M. Shafiul Alam1Rifat Parveen Bokhari2Department of Management Information Systems (MIS), Faculty of Business Studies, University of DhakaSchool of Business, Ahsanullah University of Science and TechnologySchool of Business, Ahsanullah University of Science and TechnologyAbstract The rapid advancement of cashless technologies has transformed financial transactions worldwide. In Bangladesh, entrepreneurs affiliated with Small and Medium Enterprises (SMEs) are increasingly adopting these innovations to enhance business efficiency and sustainability. This study delves into the factors influencing the continued use of cashless technologies among SME entrepreneurs by developing an integrated and extended model. It combines the Unified Theory of Acceptance and Use of Technology (UTAUT2) with the Information Systems (IS) Continuance Model, incorporating attitude toward sustainability as a mediator and gender and education as moderating variables. Following an empirical investigation of 219 SME entrepreneurs in Bangladesh, this study employs a Structural Equation Modeling (SEM) approach. The findings indicate that performance expectancy, facilitating conditions, and hedonic motivation directly impact entrepreneurs' satisfaction, which, in turn, influences their intention to continue using cashless technologies. Additionally, attitude toward sustainability partially mediates the relationship between satisfaction and continuance intention. Furthermore, gender negatively moderates the relationship between social influence and satisfaction, whereas education also inversely moderates the link between effort expectancy and satisfaction. By integrating UTAUT2 with the IS Continuance Model and incorporating sustainability and demographic moderators, this research provides a comprehensive theoretical framework for examining both cashless technology usage's pre-adoption and post-adoption phases in entrepreneurial contexts. The findings suggest that policymakers and fintech developers refine their strategies, ensuring sustained user engagement and long-term adoption.https://doi.org/10.1186/s13731-025-00522-8SustainabilityEntrepreneursUTAUT2IS continuance modelDigital/cashless technology
spellingShingle Nahida Sultana
S. M. Shafiul Alam
Rifat Parveen Bokhari
Exploring cashless technology continuance among SME entrepreneurs: an integrated approach with sustainability mediation and demographic moderation
Journal of Innovation and Entrepreneurship
Sustainability
Entrepreneurs
UTAUT2
IS continuance model
Digital/cashless technology
title Exploring cashless technology continuance among SME entrepreneurs: an integrated approach with sustainability mediation and demographic moderation
title_full Exploring cashless technology continuance among SME entrepreneurs: an integrated approach with sustainability mediation and demographic moderation
title_fullStr Exploring cashless technology continuance among SME entrepreneurs: an integrated approach with sustainability mediation and demographic moderation
title_full_unstemmed Exploring cashless technology continuance among SME entrepreneurs: an integrated approach with sustainability mediation and demographic moderation
title_short Exploring cashless technology continuance among SME entrepreneurs: an integrated approach with sustainability mediation and demographic moderation
title_sort exploring cashless technology continuance among sme entrepreneurs an integrated approach with sustainability mediation and demographic moderation
topic Sustainability
Entrepreneurs
UTAUT2
IS continuance model
Digital/cashless technology
url https://doi.org/10.1186/s13731-025-00522-8
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AT smshafiulalam exploringcashlesstechnologycontinuanceamongsmeentrepreneursanintegratedapproachwithsustainabilitymediationanddemographicmoderation
AT rifatparveenbokhari exploringcashlesstechnologycontinuanceamongsmeentrepreneursanintegratedapproachwithsustainabilitymediationanddemographicmoderation