Financial Literacy Review, Vol. 3 (2025)
Summary — This third volume of the Review of Financial Knowledge and Skills Development (RDCCF) encourages the adoption of digital financial innovations for responsible financial inclusion and improved financial health. It addresses both the opportunities and challenges presented by the digitalization of the economy, accelerated by the COVID-19 pandemic.
Key Findings
- Digital financial services are growing but expose users to new fraud risks.
- Financial literacy and consumer protection are crucial in the digital age.
- Collaboration between regulators, financial institutions, and consumers is essential.
- The BRH is committed to promoting financial inclusion and stability.
- Data privacy and security are major challenges.
Full Description
This third volume of the Review of Financial Knowledge and Skills Development (RDCCF) aims to promote greater adoption of digital financial innovations for responsible digital financial inclusion and improved financial well-being. While digitalization offers numerous opportunities for financial inclusion, traceability, and efficiency, this paradigm shift, accelerated by the COVID-19 pandemic, also presents new challenges. The review emphasizes the importance of consumer protection and financial literacy in the digital age, providing insights and strategies for navigating the evolving financial landscape and mitigating risks associated with digital financial services.