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This ADBI brief discusses policy interventions that can help governments in the Asia Pacific region leverage fintech to close the gender gap in financial inclusion. It calls for ensuring tailored services that promote ease of use, flexible regulation to promote access and active coordination among relevant government ministries to enhance financial education.
The top barriers to mobile ownership in Asia are literacy and skills and affordability, with family disapproval also featuring as a major barrier in parts of South Asia.
New NBER paper finds that transferring money directly into women’s accounts and providing them financial training led to their increased participation in the labor force.