Reconnoitering FinTech's moderating effect on the determinants of women's financial literacy

Samira Ben Belgacem (), Ghousia Khatoon (), Dora Talbi () and Abad Alzuman ()
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Samira Ben Belgacem: Princess Nourah Bint Abdulrahman University
Ghousia Khatoon: Tishk International University
Dora Talbi: University of Tunisia
Abad Alzuman: Princess Nourah Bint Abdulrahman University

International Review of Economics, 2024, vol. 71, issue 2, No 1, 123-148

Abstract: Abstract Women frequently have less financial literacy and less access to formal financial products than males, despite the fact that both males and females need to be sufficiently financially literate to engage in economic activities and make wise financial decisions for themselves and their families. As a result, women have unique and additional needs in terms of financial literacy. Enhancing financial literacy is one of the ways and means of empowering women which will help them to make sound financial decisions whether short term or long term. The study adopted exploratory and empirical research and aimed at investigating the level of financial literacy among women using five basic financial literacy questions and eleven advanced financial literacy questions. From the descriptive statistics, it is evident that the basic financial literacy level is satisfactory. As far as advanced financial literacy level is concerned, it has taken a back seat. From the multiple regressions, we were able to find that age, education, income, present financial situation, and ability to meet monthly commitments are major influencing variables of financial literacy among women. There was no evidence that supported the influence of marital status and other psychological variables on the financial literacy score. Another noteworthy contribution of the study is that the FinTech was introduced as a moderating variable and it was revealed that its impact on the financial literacy of Saudi women is marginal.

Keywords: Financial literacy; Empowering women; Financial decision; Financial wellbeing; Survey research (search for similar items in EconPapers)
JEL-codes: G41 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s12232-023-00437-4

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