Title: Digital financial literacy and wealth creation among women in Bengaluru's IT sector: an empirical study

Authors: Reganti Lavanya; Smita Panda

Addresses: VIT Business School, Vellore Institute of Technology, Tamil Nadu, India ' Dr. D Y Patil Vidyapeeth, Global Business School and Research Center, Pune, Maharastra, India

Abstract: The study explores the impact of digital financial literacy on wealth creation among women employed in the IT industry in Bengaluru, India. A well-structured questionnaire was administered to a sample of 420 women, and the data were analysed using Smart PLS 3. Findings reveal that digital financial literacy mediates the relationship between financial literacy and wealth creation. This suggests that women with higher financial literacy and awareness of digital financial tools tend to make better financial decisions, resulting in increased wealth. The study highlights a positive correlation between wealth creation, digital financial literacy, and financial literacy. These insights underscore the importance of enhancing financial education and promoting digital financial technologies to empower women in the IT sector to make informed financial decisions and boost wealth accumulation. The results have a significant impact on financial institutions, policymakers, and individuals seeking to improve their financial well-being.

Keywords: digital financial literacy; DFL; financial literacy; financial well-being; IT sector; wealth creation.

DOI: 10.1504/IJRM.2025.149677

International Journal of Revenue Management, 2025 Vol.15 No.3/4, pp.154 - 178

Received: 13 Jan 2025
Accepted: 12 Apr 2025
Published online: 10 Nov 2025 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article