Template-Type: ReDIF-Paper 1.0
Author-Name: Sharon Chen
Author-X-Name-First: Sharon
Author-X-Name-Last: Chen
Author-Name: Sebastian Doerr
Author-X-Name-First: Sebastian
Author-X-Name-Last: Doerr
Author-Name: Jon Frost
Author-X-Name-First: Jon
Author-X-Name-Last: Frost
Author-Name: Leonardo Gambacorta
Author-X-Name-First: Leonardo
Author-X-Name-Last: Gambacorta
Author-Name: Hyun Song Shin
Author-X-Name-First: Hyun Song 
Author-X-Name-Last: Shin
Title: The fintech gender gap
Abstract: Fintech promises to spur financial inclusion and close the gender gap in access to financial services. Using novel survey data for 28 countries, this paper finds a large 'fintech gender gap': while 29% of men use fintech products and services, only 21% of women do. The gap is present in almost every country in our sample. Country characteristics and several individual-level controls explain about a third of the unconditional gap. Gender differences in the willingness to use new financial technology or fintech entrants if they offer cheaper services account for over half of the remaining gap. The paper concludes by suggesting potential explanations for the gender gap and implications for challenges in fostering financial inclusion with new technology.
Length: 40 pages
Creation-Date: 2021-03
File-URL: https://www.bis.org/publ/work931.pdf
File-Format: Application/pdf
File-Function: Full PDF document
File-URL: https://www.bis.org/publ/work931.htm
File-Format: text/html
Number: 931
Keywords: fintech, gender, financial inclusion, personal data, privacy
Classification-JEL: E51, J16, O32
Handle: RePEc:bis:biswps:931