Fintechs and the financial inclusion gender gap in Sub-Saharan African countries
Document Type
Article
Source of Publication
Women's Studies International Forum
Publication Date
3-1-2023
Abstract
This study addresses the issue of financial innovation in developing countries, focusing specifically on the role fintechs have in closing the gender gap of financial inclusion in Sub-Saharan Africa (SSA) over the period 2011–2017. The empirical evidence is based on the multilevel tobit regression model fitted to panel data. The results of this study show that fintechs reduce the financial inclusion gender gap by mitigating the gender gap in access to and use of financial services. Furthermore, the results cast doubt on the ability of fintechs development to bridge this gap on its own, and hint on the joint importance of targeted policy initiatives aimed at directly closing the gender gap to this end. These findings have important economic policy implications and provide evidence of improved economic conditions for women in terms of financial inclusion or narrowing of the gender gap.
DOI Link
ISSN
Publisher
Elsevier BV
Volume
97
Disciplines
Business
Keywords
Financial inclusion, Fintechs development, Gender gap, SSA, Tobit
Scopus ID
Recommended Citation
Yeyouomo, Aurelien Kamdem; Asongu, Simplice A.; and Agyemang-Mintah, Peter, "Fintechs and the financial inclusion gender gap in Sub-Saharan African countries" (2023). All Works. 5674.
https://zuscholars.zu.ac.ae/works/5674
Indexed in Scopus
yes
Open Access
no