Smart Finance, Smarter Users: Exploring Digital Financial Literacy in Emerging Technology Environments

Abstract

The rapid expansion of digital financial services has transformed the way individuals manage and engage with financial systems, particularly in urban regions. This study investigates the impact of digital financial literacy on shaping financial well-being in a technology-driven financial environment. Adopting a quantitative research design, primary data were collected from 300 users of digital financial services in Delhi NCR using a structured questionnaire. The study analyzes the relationship between digital financial literacy and financial well-being and assesses the impact of digital financial literacy on financial well-being through statistical techniques such as correlation and regression analysis. The findings reveal a significant positive relationship between digital financial literacy and financial well-being, indicating that individuals with higher levels of digital financial literacy experience greater financial confidence, security, and control. The results underscore the importance of enhancing digital financial literacy to maximize the benefits of emerging financial technologies and promote inclusive and sustainable financial outcomes. The study offers valuable insights for policymakers, financial institutions, and educators in designing effective digital financial literacy interventions.