The Impact of Using Paylater Platforms on the Impulsive Spending Behavior of Young Professionals in General Santos City

With technological advancement dominating the market, the rise of financial technologies like Paylater platforms captures the financial needs of its users, making their purchases convenient without immediate payment. Young professionals must learn to balance this ease to avoid making impulsive decisions. This study examines the financial behavior of young professionals in General Santos City, particularly in Pay Later platforms, and their impact on impulsive spending. A sample of 150 respondents, mostly aged 25 to 29 and primarily female, was analyzed. The results indicate a significant preference for Shopee’s PayLater service, which is used by 87.30% of the respondents, underscoring its market dominance. Correlation analysis reveals a low positive relationship, with a correlation coefficient (r) of 0.382, between PayLater usage and impulsive spending. This result suggests that platform engagement may lead to higher impulsiveness in purchasing decisions. Furthermore, a moderate positive relationship, with a correlation coefficient (r) of 0.417, exists between socioeconomic factors such as age, sex, civil status, educational attainment, income, and impulsive spending behaviors. These findings emphasize the need for financial literacy, especially among young professionals, to mitigate the risks associated with impulsive spending.