In order to detect multicollinearity, correlation coefficients among the variables under
investigation are analyzed. Although Table IV shows that there are significant positive
correlations among the independent variables, the relationships are rather moderate
(between 0.131 and 0.417). With the highest coefficient score of below the cut-off point
of 0.90, the problem with multicollinearity is deemed minimized (Hair et al., 1998).
Table IV also shows that all the five factors are positively correlated with the
perception toward e-payment, and the results are significant.