The global banking system has been greatly impacted by the development of digitaltechnologies, which has also led to the emergence of new financial services and goods. Theresearch aims to examine how financial digitalization affects global economic growth. The riseof electronic commerce is being matched by the growth of virtual currency and other paymentmethods for services. The popularity and worldwide application of digital money have recentlydrawn the attention of economists and other financial experts. The study employed bothquantitative and qualitative techniques to analyze the data. It was decided to use NeoclassicalGrowth Theory for the investigation. According to the hypothesis, technical advancementshave a big impact on how an economy functions as a whole. Research indicates that increasingdigital financial inclusion can greatly aid in providing small and medium-sized businesses andlow-income individuals worldwide with effective, economical, easy-to-access financial goodsand services. This invention has the potential to increase financial services' effectiveness forthe actual economy while facilitating better access to them in less developed areas. Findingsalso show that the main problems with digital finance are inclusion, accessibility, threat tofinancial security, and regulatory compliance. Thus, in order to effectively defend against thesedangers, the report suggests raising awareness of financial literacy and putting strongcybersecurity measures in place.