A Comparative Study on Digital Financial Literacy and E-Banking Adoption

Abstract

Abstract: In this research paper I have thoroughly described about the topic “A Comparative Study on Digital Financial Literacy and E-Banking Adoption”. The rapid expansion of digital technology has altered money. Thus, digital financial literacy and ebanking are more crucial than ever. The opening of this paper discusses the relationship between digital financial literacy and ebanking and their importance in the current world. Digital financial literacy is having the knowledge, skills, and trust to manage your money online. E-banking services are increasing, therefore people must grasp online transfers, mobile payments, and safety. The purpose of this research is to determine whether digital financial knowledge affects e-banking usage. E-banking is popular since it's simple and provides financial services. To be extensively utilized, individuals must comprehend and accept digital technologies. This research assumes that individuals who understand digital finances would utilize e-banking more since they grasp its advantages and hazards. Mixed-methods research will test this notion. This means quantitative surveys and qualitative interviews will be utilized to learn about individuals' attitudes, challenges, and motives for utilizing e-banking. The research seeks to determine which aspects of digital financial literacy most impact online bankers. This work has wide-ranging impacts. Financial organizations, politicians, and schools may utilize its findings to develop targeted initiatives to increase digital financial literacy and encourage confident e-banking. Filling knowledge gaps and addressing anxieties may help society reap the advantages of digital banking while minimizing hazards. This research contributes to the digital financial literacy and e-banking discussion. It intends to reveal how people's digital financial abilities impact their propensity to utilize e-banking services, paving the way for an open, information-based digital financial future.