Women in Fintech: As Leaders and Users

Purva Khera, Sumiko Ogawa, Ratna Sahay and Mahima Vasishth ()

No 2022/140, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: Firm Performance; Women Leaders; Digital Financial Inclusion; Financial Literacy; Digital Literacy; women leader; share of firm; C. gender gaps; Fintech firm; Women; Gender inequality; Financial inclusion; Gender diversity; Fintech; Middle East and Central Asia; Digital financial services (search for similar items in EconPapers)
Pages: 30
Date: 2022-07-15
New Economics Papers: this item is included in nep-ban, nep-fdg, nep-fle and nep-pay
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