Digital Financial Literacy and Digital Financial Behavior: Evidence From an Emerging Economy.

With the growth of the internet and financial technology (fintech), the area of digital fintech has attracted attention from different walks of life. This has fueled financial services researchers to delve into the ramifications of digital financial literacy on the digital financial behavior of users. To investigate the interplay of digital financial literacy, digital saving behavior (DSVB), digital spending behavior (DSB), digital saving planning, and digital spending planning, this article applied a cross-sectional survey research design to test the proposed model. The purposive sampling technique was used to research 255 digital wallet users who had a college degree in Nepal and had a basic understanding of financial literacy. The data were analyzed employing the partial least squares structural equation modeling technique. The results showed positive correlations between digital financial literacy, DSB, and DSVB. Likewise, the research suggests that digital spending and saving practices may affect individuals' digital saving and spending planning. [ABSTRACT FROM AUTHOR]