Advancements　in　information　technology　have　spurred　financial　innovation,　particularly　through　the　development　of　big　data,　artificial　intelligence,　blockchain,　and　cloud　computing.　These　technologies　have　merged　with　traditional　finance,　leading　to　the　emergence　of　digital　finance.　Digital　finance　is　promoting　the　innovation　of　financial　products　and　transaction　mechanisms,　improving　the　allocation　efficiency　of　financial　resources,　and　providing　enterprises　with　diversified　products　and　services,　which　may　affect　firms＇　money　demand.　In　this　study,　we　empirically　investigate　the　impact　of　digital　finance　on　firms＇　money　demand　using　data　on　Chinese　A　stock　companies　between　2011　and　2020.　Our　findings　reveal　the　following:　First,　digital　finance　increases　firms＇　overall　money　demand,　as　well　as　their　transactional　and　speculative　money　demand.　Second,　digital　finance　strengthens　the　influence　of　monetary　policy　on　firms＇　money　demand,　particularly　through　the　interest　rate　transmission　channel.　This　study　is　of　significant　practical　importance　for　understanding　the　relationship　between　digital　finance　and　firms＇　money　demand,　and　for　enhancing　the　management　of　firms＇　monetary　needs.　　©　2024　ACM.