Digital and Financial Literacy and Its Impact on Financial Decision

In the modern financial ecosystem, both digital literacy and financial literacy are critical for making informed and secure financial decisions. Digital literacy enables individuals to effectively use online banking, mobile payment platforms, and digital investment portals, while financial literacy equips them with the ability to evaluate risks, returns, and manage personal finances. This research investigates the combined effect of digital and financial literacy on financial decision-making50 respondents. The results show that individuals with higher literacy levels are more confident, better at identifying profitable opportunities, and more capable of avoiding fraudulent schemes. The study concludes with recommendations for literacy improvement programs to bridge existing gaps.

Authors

Publication Details

Journal
Advanced International Journal for Research
Published
2025-08-22
DOI
https://doi.org/10.63363/aijfr.2025.v06i04.1130
Primary Topic
FinTech, Crowdfunding, Digital Finance
Type
article
Field-Weighted Citation Impact
0.00
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article

Digital and Financial Literacy and Its Impact on Financial Decision

R. Rajasree -, R Dharma Ragini -
1 links
Advanced International Journal for Research
FinTech, Crowdfunding, Digital Finance
article

Digital and Financial Literacy and Its Impact on Financial Decision

R. Rajasree -, R Dharma Ragini -
article en

Abstract

In the modern financial ecosystem, both digital literacy and financial literacy are critical for making informed and secure financial decisions. Digital literacy enables individuals to effectively use online banking, mobile payment platforms, and digital investment portals, while financial literacy equips them with the ability to evaluate risks, returns, and manage personal finances. This research investigates the combined effect of digital and financial literacy on financial decision-making50 respondents. The results show that individuals with higher literacy levels are more confident, better at identifying profitable opportunities, and more capable of avoiding fraudulent schemes. The study concludes with recommendations for literacy improvement programs to bridge existing gaps.

Advanced International Journal for ResearchVol. 6(4)
Openalex Percentile: Top 62%
FinTech, Crowdfunding, Digital Finance
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