EMPOWERING THE FUTURE: EXPLORING DIGITAL FINANCIAL LITERACY IN YOUTH BANKING FOR ECONOMIC PROGRESS

Abstract

This study explores the pivotal role of digital financial literacy in contemporary banking, focusing on its impact on youth. The objectives encompass delineating the significance of financial literacy in digital banking, promoting effective methods for enhancing youth's financial understanding, analyzing the influence of youth’s financial literacy on the digital banking landscape, and elucidating the key role banks play in fostering digital financial literacy among the younger demographic. Through a comprehensive review of literature and analysis, this study emphasizes economic empowerment, digital transformation, youth development, financial inclusion, risk mitigation, and policy formulation as central themes. Findings underscore the critical need to equip youth with financial acumen, empowering them to make informed decisions, fostering economic stability, and advancing societal progress. The study concludes that enhancing digital financial literacy among youth not only aids their individual financial well-being but also significantly contributes to the evolution and competitiveness of the financial sector in the digital era.

Keywords: Digital Financial Literacy, Youth, Banking, Financial Inclusion, Economic Empowerment