The rapid expansion of digital financial ecosystems has made digital money readiness a key driver of financial inclusion, economic efficiency, and technological progress. This study develops a Digital Money Readiness Index (DMRI) to assess and compare countries’ preparedness for digital financial transformation. The DMRI is based on four dimensions: Financial Usage, Financial Access, ICT and Financial Infrastructure, and Financial Technology. These dimensions measure digital payment adoption, access to financial services, technological capacity, and fintech innovation. Data were collected from internationally recognized sources, including the World Bank, International Telecommunication Union (ITU), and global reports such as the Global Findex Database, covering the period 2022–2024. Using Min-Max normalization and equal weighting, indicators were aggregated into a composite DMRI score. Countries were ranked annually and classified into high, medium, and low readiness groups. The findings reveal significant differences across countries. Economies with strong ICT infrastructure, wider financial access, and advanced fintech ecosystems achieved higher scores, while weaker institutional and technological capacity limited others. The DMRI provides a practical benchmarking framework for policymakers and regulators to identify gaps and design evidence-based strategies for inclusive digital financial development.
Tools: Excel,Normalization Min-Max,Scoring of Dimensions,DMRI Score,Ranking Of Countries
Department: Department of Business Studies
Poster
