Navigating the Digital Economy: A Study on the Relationship Between Digital Financial Literacy and Electronic Payment Adoption Among Gen X in M’Lang, Cotabato

The rapid expansion of the digital economy has accelerated the transition toward electronic payment systems, yet adoption patterns remain uneven across demographic and geographic contexts. This study examined the relationship between digital financial literacy and electronic payment adoption among Generation X residents in M’lang, Cotabato. Using a quantitative descriptive–correlational design, data were collected from 100 respondents through validated survey instruments measuring performance expectancy, effort expectancy, social influence, financial and privacy risks, and digital financial literacy. Descriptive statistics and Pearson Product–Moment Correlation were employed for analysis. Results revealed a high level of electronic payment adoption (M = 4.13) and a high level of digital financial literacy (M = 4.10). Financial and privacy risk registered the greatest concern (M = 4.57), indicating that security issues remain a critical psychological barrier despite strong perceived usefulness (M = 4.39). A statistically significant moderate positive correlation (r = .49, p < .001) was found between digital financial literacy and electronic payment adoption, confirming that greater digital competence is associated with increased usage. The findings suggest that a rational evaluation of efficiency benefits and security concerns shapes adoption among Generation X in rural communities. Strengthening community-based digital financial education programs may enhance trust, confidence, and inclusive participation in the digital financial ecosystem.