Using cross-country Fintech data, the IMF examined people unintentionally left behind by digitalization. The results suggest that greater use of Fintech is associated with narrowing class and rural divides, but not associated with closing the gender divide. This blog summarizes findings and recommends policy makers to invest heavily in women’s digital skills, encourage firms to design financial products for women, and improve women’s access to the internet. Read more.
Blog » Is Fintech Always Inclusive? (2022)
Is Fintech Always Inclusive? (2022)
Using cross-country Fintech data, the IMF examined people unintentionally left behind by digitalization. The results suggest that greater use of Fintech is associated with narrowing class and rural divides, but not associated with closing the gender divide. This blog summarizes findings and recommends policy makers to invest heavily in women’s digital skills, encourage firms to design financial products for women, and improve women’s access to the internet. Read more.