Digital financial services (DFS) have been considered a game changer for women’s financial inclusion and economic empowerment. Despite the potential of DFS, barriers to access and adopt DFS persist. Fintech firms are believed to be better positioned to bridge this gap relative to traditional financial service providers, through their DFS arms. However, to date, there is limited research that quantifies the degree to which fintech firms are trying to deliver on this promise and what specific practices or characteristics of fintech firms are leading to success. This study draws on a survey of 114 fintech firms across 17 countries, as well as interviews with leaders from 25 fintech firms, to fill these knowledge gaps by answering a number of key questions.
Blog » Her FinTech Edge – Market Insights for Inclusive Growth (2024)
Her FinTech Edge – Market Insights for Inclusive Growth (2024)
Digital financial services (DFS) have been considered a game changer for women’s financial inclusion and economic empowerment. Despite the potential of DFS, barriers to access and adopt DFS persist. Fintech firms are believed to be better positioned to bridge this gap relative to traditional financial service providers, through their DFS arms. However, to date, there is limited research that quantifies the degree to which fintech firms are trying to deliver on this promise and what specific practices or characteristics of fintech firms are leading to success. This study draws on a survey of 114 fintech firms across 17 countries, as well as interviews with leaders from 25 fintech firms, to fill these knowledge gaps by answering a number of key questions.