Women in Fintech: As Leaders and Users

By Purva Khera, Sumiko Ogawa, Ratna Sahay, Mahima Vasishth

July 15, 2022

Preview Citation

Format: Chicago

Purva Khera, Sumiko Ogawa, Ratna Sahay, and Mahima Vasishth. Women in Fintech: As Leaders and Users, (USA: International Monetary Fund, 2022) accessed December 21, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

While digital financial services have made access to finance easier, faster, and less costly, helping to broaden digital financial inclusion, its impact on gender gaps varies across countries. Moreover, women leaders in the fintech industry, although growing, remain scarce. This paper explores the interaction between ‘women’ and ‘fintech’ by examining: (i) the role of women leaders on firm-level performance in the fintech industry; and (ii) the determinants of gender gaps in the usage of digital services to better understand the cross-country differences. Results indicate that greater gender diversity in the executive board is associated with better performance of fintech firms.With regard to determinants of the gender gaps in the usage of digital financial services, we find that higher financial and digital literacy of women is associated with lower gender gaps in digital financial inclusion, and that socio-cultural factors also play a key role.

Subject: Financial inclusion, Financial markets, Fintech, Gender, Gender diversity, Gender inequality, Technology, Women

Keywords: C. gender gaps, Digital Financial Inclusion, Digital financial services, Digital Literacy, Financial inclusion, Financial Literacy, Fintech, Fintech firm, Firm Performance, Gender diversity, Gender inequality, Middle East and Central Asia, Share of firm, Women, Women leader, Women Leaders

Publication Details

Pages:

30
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2022/140
Stock No:

WPIEA2022140
ISBN:

9798400215384
ISSN:

1018-5941

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