Digital literacy skills and digital financial inclusion toward socio-economic development: a proposed framework

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.