Emergence of the Digital Financial Literacy, and its Effect on the Financial Management Behavior among Students of Pakistan

Abstract

The purpose of this study is to explore that how digital financial-literacy influences the financial management performance of the university students who utilize services of digital banking in Pakistan. Primary data was obtained from a questionnaire distributed to university students in Pakistan. This study adopted a partial least squares structural equation modeling (PLS – SEM) approach for data analysis using the Smart-PLS program. The study's conclusions show that when students in Pakistan use digital banking services, their saving attitude is significantly impacted. Additionally, students' spending and investment are significantly impacted by digital financial literacy. Finally, students' use of digital banking services in Pakistan is significantly impacted by them. To put it succinctly, this study has the potential to enhance the comprehension of digital financial literacy among Pakistani university students.