Digital Financial Literacy: Emerging New Dimensions in the Digital Economy Era

Arinda Putri; Sudarso Kaderi Wiryono; Sylviana Maya Damayanti; Raden Aswin Rahadi

doi:10.48161/qaj.v6n1a2153

Authors

Arinda Mentari Putri School of Business Management, Institut Teknologi Bandung, Bandung, 40132, Indonesia. https://orcid.org/0009-0008-5743-579X
Sudarso Kaderi Wiryono School of Business Management, Institut Teknologi Bandung, Bandung, 40132, Indonesia. https://orcid.org/0000-0002-8165-5994
Sylviana Maya Damayanti School of Business Management, Institut Teknologi Bandung, Bandung, 40132, Indonesia. https://orcid.org/0000-0002-1717-8505
Raden Aswin Rahadi School of Business Management, Institut Teknologi Bandung, Bandung, 40132, Indonesia. https://orcid.org/0000-0001-8936-2339

DOI:

https://doi.org/10.48161/qaj.v6n1a2153

Keywords:

digital financial literacy, digital finance, digital finance framework, financial literacy, digital literacy.

Abstract

In today’s increasingly digitalized economy, financial activities are rapidly shifting toward online platforms, making digital competence essential for everyday financial decision-making. This study examines the evolving concept of Digital Financial Literacy (DFL) through a systematic review of 237 journal articles and nine expert interviews conducted across academia, industry, and government. The findings show that DFL extends beyond financial knowledge and technical competence to include knowledge, skills, behavior, and attitude, all of which influence individuals’ ability to navigate digital finance. The analysis identifies regional disparities in cybersecurity awareness and fintech adoption, as well as behavioral challenges such as impulsive digital spending, social media influence, and limited understanding of online financial contracts. The study introduces an integrated DFL framework that combines insights from behavioral finance and digital regulation theory, highlighting the psychological, cognitive, and institutional factors shaping digital financial behavior. The framework offers practical guidance for policymakers, educators, and financial institutions to design inclusive and trust-based interventions that enhance digital financial competence and promote secure participation in the digital economy.

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