The Effects of Financial Literacy, Digital Financial Product Usage and Internet Usage on Financial Inclusion in China

Shen, Yupeng; Hu, Wang; Hueng, C. James

doi:10.1051/matecconf/201822805012

Cited by 40 publications

(59 citation statements)

References 20 publications

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“…Other studies focus on the critical success factors of digital finance. They show that financial literacy (Shen et al, 2018), digital literacy (Morgan et al, 2019), access to a mobile phone (Sapovadia, 2018), and access to the internet (Zhu et al, 2016) are major determinants of the use of digital finance products and channels. Some challenges to digital finance have been identified in the literature.…”

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confidence: 99%

Digital Finance, Green Finance and Social Finance: Is there a Link?

Ozili¹

2021

Financial Internet Quarterly

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Identifying the intersection between digital finance, green finance and social finance is important for promoting sustainable financial, social and environmental development. This paper suggests a link between digital finance, green finance and social finance. Using a simple conceptual model, I show that digital finance offers a smooth, efficient and seamless channel for individuals and corporations to fund social projects that deliver a social dividend, and green projects lead to a sustainable environment. The implication is that digital finance is both an enabler and a channel for efficient green financing and social financing.

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confidence: 99%

Digital Finance, Green Finance and Social Finance: Is there a Link?

Ozili¹

2021

Financial Internet Quarterly

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“…Studies related to DL in applied economics and finance have tended to focus on two specific lines of research. Some have analyzed the effects of FL on the adoption and usage of DFS-rather than DL, per se (Königsheim et al, 2017;Morgan & Trinh, 2019b;Shen et al, 2018). These studies have contended that FL represents an effective means by which to promote the usage of DFS and manage related financial risks, while simultaneously advancing the goals of financial inclusion.…”

Section: Defining and Measuring Digital Literacymentioning

confidence: 99%

“…Other studies have concentrated on the relationship between access to and usage of DFS and the adoption of specific digital financial behaviors and practices. For example, a growing body of research has examined the impacts of mobile money and found a positive relationship between mobile money access and usage and increases in savings, borrowing, transfers, and remittances (Apiors & Suzuki, 2018;Bharadwaj et al, 2019;Demombynes & Thegeya, 2012;Lyons, Kass-Hanna, & Greenlee, 2021;Mbiti & Weil, 2015;Ouma et al, 2017;Seng, 2017).…”

Section: Defining and Measuring Digital Literacymentioning

confidence: 99%

A methodological overview to defining and measuring “digital” financial literacy

Lyons

Kass-Hanna

2021

Fin Plan Rev

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Researchers and financial practitioners alike recognize the importance of defining and measuring financial literacy (FL) to better understand its relationship to financial behavior and decision-making. Despite many efforts, there is still no widely accepted definition or methodological approach for measuring FL. The rapid expansion of digital financial services (DFS), which promises to enhance financial inclusion and improve personal financial management, has brought to light a new challenge: linking FL to digital literacy (DL) and assessing their dual effect on financial outcomes. Recent research has even proposed a framework to operationalize the emerging concept of digital financial literacy (DFL), as traditional FL definitions and metrics have become insufficient to capture the specificities of financial services within a digital context. This survey article discusses empirical research techniques being used to assess FL, DL, and most recently DFL. It highlights the characteristics and limitations of these approaches and suggests ways to address some of the challenges related to the construction, testing, weighting, and standardization of multidimensional measures, as well as methodological issues related to modeling and estimation. The article is a helpful guide to researchers and practitioners interested in FL in general and in the emerging concept of "digital" financial literacy.

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“…Conversely, low levels of financial literacy will affect people's perceptions in financial decision making and can have an impact on low trust in products, lack of willingness to accept financial advice (Anderson, 2017). Therefore, it is important to strengthen economic learning through various trainings on Basrowi Social Impact Of Financial Technology And Islamic Economics Education how to make the best use of financial technology in order to close the financial gap (Shen Hu & Hueng, 2018;Koonson, Villano, & Hadley, 2019).…”

Section: Financial Technology Especially Privacy Datamentioning

confidence: 99%

Social Impact of Financial Technology and Islamic Economics Education

Basrowi¹

2021

Sinergi J. Ilm. Ilmu Manaj

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The purpose of this study is to test hypotheses about how the impact of financial technology (Fintech) and Islamic economic education in improving social welfare. Correlational quantitative research was chosen to reveal the social impact of the two variables. The research population is all people in Lampung Province, Indonesia who are educated in Islamic economics, who at the time of the study were at least sitting in the fifth semester undergraduate program. The sample is 308 people or 10% of the population of 3080 people. Data were collected using a questioner that was shared using Google Form. Data analysis was performed using a structural equation model (SEM) approach with the Lisrel 8.80 program. The results showed that, the social impact of utilizing financial technology and Islamic economic education includes two aspects, namely positive and negative impacts which are all related to people's economic behavior, economic learning, and psychological and spiritual health. Positive impacts dominate more than negative impacts.

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The Effects of Financial Literacy, Digital Financial Product Usage and Internet Usage on Financial Inclusion in China

Cited by 40 publications

References 20 publications

Digital Finance, Green Finance and Social Finance: Is there a Link?

Digital Finance, Green Finance and Social Finance: Is there a Link?

A methodological overview to defining and measuring “digital” financial literacy

Social Impact of Financial Technology and Islamic Economics Education

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