The Moderating effect of Digital and Financial Literacy on the Digital Financial Services and Financial Behavior of MSMEs

Imelda T. Angeles

26 citations0/0 files storedReview of Economics and Finance

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Financial Literacy and Behavior Microfinance and Financial Inclusion FinTech, Crowdfunding, Digital Finance

Abstract

The rapid advancement of technology has become an integral part of society.Improved financial technology accelerates and plays a critical role in MSMEs' savings, financing, and investment.The efficient flow of funds from these sectors is vital to the growth and development of the economy.However, despite their benefits, digital finance and financial inclusion have not sufficiently permeated large segments of the population, indicating a gap between the availability, accessibility, and utilization of finance.Despite the benefits of digital financial services, there is a large disparity in one area that is gaining momentum, particularly in financial inclusion and digital finance.These barriers can impede an individual's ability to save, gain access to capital, and invest.The purpose of the study is to determine the extent to which digital financial services impact the savings, financing, and investing behavior of micro, small, and medium-sized enterprise (MSMEs) owners.The study explored a causal research design with moderation analysis to determine the impact of digital financial services and digital and financial literacy on the savings, borrowing, and investing behavior of MSME owners in the Philippines.The result of the study revealed that digital financial services do not stimulate savings, borrowing, and investing of the owners, however, digital and financial literacy significantly influence the financial behavior of the owners.The result of the study adds additional evidence to the existing literature highlighting the role of digital and financial literacy in enhancing the impact of digital financial services on the financial behavior of MSME owners.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 26 citations exist upstream.

References

1989Perceived Usefulness, Perceived Ease of Use, and User Acceptance of Information Technology 2018Impact of digital finance on financial inclusion and stability 2015The Evolution of Fintech: A New Post-Crisis Paradigm?2019The impact of digital finance on household consumption: Evidence from China 2008Cross-country variation in household access to financial services 2018Fintech and regtech: Impact on regulators and banks 2021The rise of digital finance: Financial inclusion or debt trap?2020Point of adoption and beyond. Initial trust and mobile-payment continuation intention

Cited by

2025The effect of business experience on fintech behavioural adoption among MSME managers: the mediating role of digital financial literacy and its components 2025Is Digital Literacy a Moderator Variable in the Relationship Between Financial Literacy, Financial Inclusion, and Financial Well-Being in the Ecuadorian Context?2024Navigating the digital financial landscape: unraveling the impact of financial behavior traits on women-owned enterprises in the new normal perspective 2025Enablers and Barriers in FinTech Adoption: A Systematic Literature Review of Customer Adoption and Its Impact on Bank Performance

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.