TY - BOOK ID - 134063759 TI - Fintech: Financial Inclusion or Exclusion? AU - Tok, Yoke Wang. AU - Heng, Dyna. PY - 2022 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Macroeconomics KW - Economics: General KW - Finance: General KW - Industries: Financial Services KW - Gender Studies KW - Financial Markets and the Macroeconomy KW - Monetary Systems KW - Standards KW - Regimes KW - Government and the Monetary System KW - Payment Systems KW - Economics of Gender KW - Non-labor Discrimination KW - Economic & financial crises & disasters KW - Economics of specific sectors KW - Finance KW - Computer applications in industry & technology KW - Social discrimination & equal treatment KW - Financial inclusion KW - Financial markets KW - Fintech KW - Technology KW - Digital financial services KW - Gender inequality KW - Gender KW - Mobile banking KW - Currency crises KW - Informal sector KW - Economics KW - Financial services industry KW - Technological innovations KW - Sex discrimination KW - Banks and banking, Mobile KW - South Africa UR - https://www.unicat.be/uniCat?func=search&query=sysid:134063759 AB - This paper examines the role of Fintech in financial inclusion. Using Global Findex data and emerging fintech indicators, we find that Fintech has a higher positive correlation with digital financial inclusion than traditional measures of financial inclusion. In the second stage of our empirical investigation, we examine the key factors that are correlated with the Fletcher School’s three digital divide – gender divide, class (rich-poor) divide and rural divide. The results indicate that greater use of fintech is significantly associated with a narrowing of the class divide and rural divide but there was no impact on the gender divide. These findings imply that Fintech alone may not be sufficient to close the gender gap in access to financial services. Fintech development may need to be complemented with targeted policy initiatives aimed at addressing the gender gap directly, and at changing attitudes and social norms across demographics. ER -