Digital finance, financial literacy, and SME performance

Key Points

• To examine how digital finance and financial literacy influence the performance of small and medium-sized enterprises (SMEs).
• Conducted surveys of SMEs to assess financial literacy levels and digital finance usage
• Analyzed SME performance metrics in relation to their financial practices
• Utilized statistical methods to correlate financial literacy and digital finance with performance outcomes
• Increased financial literacy led to a 20% improvement in SME performance metrics
• Digital finance adoption was associated with a 15% rise in investment strategies
• A significant correlation between financial literacy and the effective use of digital tools was found, p<0.005

Abstract