Technology is evolving faster than ever, and as money management becomes increasingly digital, it’s important to understand new capabilities — not only for convenience, but also for security. Digital finance refers to the transfer of funds from one account to another through electronic methods, mostly online or via mobile phone. For example, it’s estimated that by 2023 there will be 1.31 billion mobile payment users worldwide, up from 950 million users in 2019. So, as digital finance becomes increasingly widespread, you’ll likely encounter instances where it’s preferable to make payments or transfer money digitally.