Digital Literacy Skills and Digital Financial Inclusion toward Socio-Economic Development : A proposed framework

Abstract

Digital literacy and financial inclusion are pivotal for fostering economic growth in digital transformation, particularly among the B40 group in Malaysia. Previous studies found that, despite the socio-economic challenges faced by this group, there is a gap in digital literacy and financial inclusion towards socio-economic development. Therefore, this paper aims to propose a framework of digital literacy skills and digital financial inclusion towards socio-economic development that covers independent variables, namely, technical, cognitive, ethical, and socio-emotional, and dependent variables, digital financial inclusion and socio-economic development. It is hoped to support the Sustainable Development Goals agenda by UNESCO 2030.