Current state and prospects for the development of Digital financial literacy in Ukraine

Keywords: digitalization, financial inclusion, financial protection, financial literacy


The digitalization of financial services of banks and financial institutions has become important in the digital economy and has spread significantly during the pandemic. Digital financial literacy has become urgency. For its part, this has led to a new cycle in the development of digital financial literacy. The purpose of this article is to study the development of digital financial literacy in CEE countries and to develop recommendations for the implementation of national strategies for digital financial literacy, including for Ukraine. Identify factors and potential problems that may arise on a result of developing and implementing national digital strategies of financial literacy and identify the main components and indicators for evaluating the implementation of these strategies.

Determined that, Ukraine has everything necessary for the successful implementation of initiatives in the field of financial technologies, namely: growing penetration of mobile communications and the Internet, innovative banking institutions, the availability of world-class talent.The creation of a separate unit on digital financial literacy in the National Bank of Ukraine, responsible for implementing the national strategy of digital financial literacy will ensure the unity of scientific and economic policy and integration of NDFIS development goals into digital modernization projects based on powerful feedback mechanisms. The main tasks of such a unit will be to develop appropriate methodological support for selecting and tracking the results of the implementation of the national strategy, assisting staff employed in the implementation of NDFIS and even reviewing the existing structure and powers of executive bodies at national and local levels.

Author Biographies

Olena Sobolieva-Tereshchenko, National Bank of Ukraine

PhD in Economics, Chief Economist Office for Consumer Rights Protection

Valeriia Zharnikova, Kyiv National University of Trade and Economics

Ph.D. Student


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How to Cite
Sobolieva-Tereshchenko, O., & Zharnikova, V. (2022). Current state and prospects for the development of Digital financial literacy in Ukraine. VUZF Review, 7(2), 205-215.