How is Digital Financial Literacy of FEB Unesa Students?

Abstract

This research aims to analyze the level of digital financial literacy of students at the Faculty of Economics and Business (FEB) Universitas Negeri Surabaya in facing the challenges of the digital economy which is increasingly developing rapidly. Digital financial literacy refers to an individual's ability to use digital technology to manage, understand and make decisions related to finances. In the era of industrial revolution 4.0 and the development of financial technology, digital financial literacy has become a crucial competency, especially for the younger generation who are about to enter the professional world.

This research uses a quantitative approach with a survey method to measure students' level of digital financial literacy. Data was collected through a questionnaire designed based on indicators of digital financial literacy. Total 300 questionnaires were distributed to students randomly. This research uses IBM SPSS Statistics 25 software as a descriptive data processing process.

The research results show that the digital financial literacy level of FEB students is generally in the high category. Most students understand the basics of using digital financial instruments such as e-wallets and mobile banking. Other factors such as class year also influence digital financial literacy, where final year students have a higher literacy level than first year students. This may be due to longer experience and exposure to various digital financial tools and platforms. The implications of these findings indicate that although FEB students have basic skills in using digital financial services, there is still a need to improve their understanding of more complex financial instruments and the importance of digital risk management.