"Financial inclusion (FI) for vulnerable populations, such as women, is critical for achieving gender equality, women’s empowerment, and thereby inclusive growth. In this regard, the use of digital financial services is of particular significance for women as it allows them easier access to financial products for business and household needs. We show that health, education, the labor force participation rate, and political empowerment of women significantly impact the digital financial inclusion of women."
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Source: Asian Development Bank
Illustration: ADB