Financial Literacy Education among College Students Concerning Digital Finance and Mobile Banking

Author(s): Darshan B Rao and Dr. Parul Tandan

Abstract:

In today’s digital world, the use of mobile banking and digital finance tools such as Google Pay, PhonePe, and Paytm has become widespread among college students. However, limited financial literacy and awareness about digital safety often lead to problems like overspending, poor money management, and exposure to online fraud. This study aims to analyze the financial knowledge, usage patterns, and challenges faced by students while using digital finance. A descriptive research design was adopted, collecting data from 132 college students through structured questionnaires (Google Forms), with analysis done using MS Excel and SPSS. Findings reveal a moderate positive relationship between financial literacy and digital finance usage, while factors like security awareness, spending habits, and financial management skills greatly impact their financial behavior. The study recommends promoting financial education programs and awareness initiatives by colleges, banks, and digital payment companies to encourage safe, responsible financial practices among students.

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Pages: 72-77     |    2 View     |    0 Download