Exploring the Impact of Demographic Variable on Digital Financial Literacy

This is the authors' abstract. We don't add key points for this paper.

Digitalization is one of the main features of this modern ear, and it has also revolutionized the Financial Industry, which results the formation of Fintech Companies (FC). Nowadays, reliance on the digital transactions is increasing very rapidly however, with increasing digitalization along with the convenience and easiness online frauds (OF) are also escalating and to mitigate the associated risk there is need of comprehensive understanding of different options for financing and investment activities along with the potential Online Fraud (OF) and scams, Data protection and safe online practices. The purpose of this study is to analyze the awareness level of an individual about the available Digital Products (DP) and understanding level of them, of the associated risk with these Digital Products (DP). The study will revolve around the need of Digital Financial Literacy (DFL) and educational resources regarding the use of digital financing tools which is essential for safely and securely managing financial activities.