Review of Research on Digital Financial Literacy: Measurement, Causes, and Impact

ABSTRACT This literature review comprehensively analyzes the evolving research on digital financial literacy (DFL) and synthesizes findings from 53 articles published between 2005 and 2025. The review was based on a systematic search across major academic databases. The analysis reveals DFL as a multidimensional construct encompassing the knowledge, skills, attitudes, and behaviors necessary for the secure utilization of digital financial services. The absence of a standardized definition and a unified measurement framework causes the field to suffer from conceptual divergence. The review synthesizes evidence regarding DFL's key sociodemographic determinants, such as age, gender, education, and income, and their significant socioeconomic effects. These effects include improved financial behavior, enhanced financial inclusion, and superior individual financial well‐being. Methodologically, the field is progressing beyond fundamental descriptive analyses toward robust techniques, including structural equation modeling and causal inference. Based on these findings, this review outlines a future research agenda to establish unified metrics, address disparities among vulnerable populations, and explore the implications of emerging technologies, such as artificial intelligence. This study provides a consolidated overview of the existing literature to guide subsequent scholarly inquiry and inform targeted educational and policy interventions that foster economic resilience within an increasingly digital financial landscape.