FINDING NEW DIMENSIONS OF DIGITAL FINANCIAL LITERACY IN INDONESIA
Digital Era is related to the development of Financial Technology (Fintech), and the Covid-19 pandemic boosted this development. With this rapid development, the phenomenon is that many people need to be literate and are trapped in many lending and investments using hot money the digital age, financ...
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| Format: | Theses |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/72981 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | Digital Era is related to the development of Financial Technology (Fintech), and the Covid-19 pandemic boosted this development. With this rapid development, the phenomenon is that many people need to be literate and are trapped in many lending and investments using hot money the digital age, financial literacy has grown increasingly important, yet there is a need for something more specialized than financial literacy. With the development of digital financial services, the importance of digital financial literacy instead of financial literacy is increasing. However, there still needs to be an exact definition, measurement, and dimensions of Digital Financial Literacy. Every country, including Indonesia, has its uniqueness in the digital financial literacy dimensions. The first step for measuring Digital Financial Literacy is to determine the dimensions of Digital Financial Literacy in Indonesia, which is this research purpose. Finding the new dimensions of Digital Financial Literacy in Indonesia also is this research purpose. The methodology of this research would be using a structured literature review to determine what dimensions would be the Digital Financial Literacy aspect and continue with Qualitative Research by using Semi-Structured Interviews. The finding from this study is that the framework of Digital Financial Literacy dimensions in Indonesia consists of Digital Financial Risk control, Awareness of Digital Financial Services, Ability to use Digital Financial Applications, Awareness of positive financial attitudes and behaviour, Ability to make digital financial decisions, Digital Financial Knowledge, Digital Financial Behaviour, Digital Financial Applications, Financial Literacy, and Digital Literacy. This research also finds new dimensions of Digital Financial Literacy: self-motivation, intention, understanding needs, and availability of information and education. This result would be beneficial for the public, practitioners, and the government together facing rapid growth of Fintech with rapid growth with Digital Financial Literacy. The uniqueness of this study is that there are still few studies about Digital Financial Literacy and still much room for further research in this field. |
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