Digital Financial Literacy Campaigns for Consumers

TLDR

• Finally, launch nationwide digital financial literacy campaigns to educate consumers about the benefits and risks of electronic payments.
• Implementing mandatory electronic payments generates digital transaction records, making it easier for tax authorities, regulators and financial institutions to track economic activity.
• Digital records are equally vital because they provide businesses with access to their financial histories.
• The order supports the government’s long-term vision of developing a modern digital economy, featuring quicker, more transparent transactions that are easier to oversee and enhancing public financial management.
• Consumers who lack digital security knowledge are particularly vulnerable.