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Impact of Digital Financial Literacy on Consumer Protection, Investor Security, and Financial Transactions in Indonesia

Year: 2024

Type: article

Abstract: This study examines the influence of digital financial literacy on consumer protection, investor security, and financial transactions in Indonesia. As digital financial services rapidly expand across the country, understanding the level of financial literacy among consumers becomes crucial. This study explores how adequate digital financial literacy enhances consumer protection by empowering individuals to make informed financial decisions and protect themselves against potential risks. Moreover, it investigates the correlation between digital financial literacy and investor security, highlighting the role of education in mitigating investment-related vulnerabilities. Furthermore, this study analyzes the impact of digital financial literacy on the efficiency and safety of financial transactions, emphasizing the importance of education in promoting secure and efficient financial practices. The findings underscore the need for targeted educational programs and policy initiatives aimed at improving digital financial literacy to foster a more secure and resilient financial ecosystem in Indonesia.

Source: International Journal of Islamic Economics and Finance Research

DOI: 10.53840/ijiefer165

Author: Zulfikar Hasan

Institution: Institut Agama Islam Negeri Datuk Laksemana Bengkalis

Language: English

Topic: Financial Literacy and Behavior

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Peace, justice, and strong institutions, Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4405751748

FWCI: 5.094

Cites:

Cited by: 5

Related to: 10