Digital Finance, Financial Inclusion and Gender Equality: Digital Public Goods, Rearchitecting Financial Systems and Economic Empowerment of Women

41 Pages Posted: 24 May 2024

See all articles by Evan Gibson

Evan Gibson

The Chinese University of Hong Kong, Law School

Sangita Gazi

The University of Hong Kong - Faculty of Law; Yale Law School; Fintech and Blockchain Program

Douglas W. Arner

The University of Hong Kong; The University of Hong Kong - Faculty of Law

Date Written: April 2024

Abstract

Gender equality is an international right and policy objective affirmed in the United Nations’ Sustainable Development Goals. We examine how technology can address barriers to gender equality and financial inclusion in relation to identification, contractual, employment and property rights. The most significant barriers restricting women’s access to finance are in developing countries. New technologies and digital public infrastructure offer significant opportunities to rearchitect financial systems to economically empower women and drive forward balanced sustainable development. We argue that a functional regulatory approach can remove customary gender-based barriers and technology-driven gender bias to build an inclusive digital financial ecosystem in the post-COVID-19 era. This is critical for achieving gender equality, female empowerment and women’s unabridged financial and economic participation in developing countries and around the world.

Keywords: gender equality, financial technology, financial inclusion, sustainable development, COVID-19, digital identification, mobile money, gender bonds, UN SDGs, Alliance for Financial Inclusion, digital financial infrastructure, digital public infrastructure

Suggested Citation

Gibson, Evan Corby and Gazi, Sangita and Arner, Douglas W., Digital Finance, Financial Inclusion and Gender Equality: Digital Public Goods, Rearchitecting Financial Systems and Economic Empowerment of Women (April 2024). CFTE Policy Research Working Paper, University of Pennsylvania Journal of International Law, Forthcoming, Available at SSRN: https://ssrn.com/abstract=4807086 or http://dx.doi.org/10.2139/ssrn.4807086

Evan Corby Gibson

The Chinese University of Hong Kong, Law School ( email )

Hong Kong

Sangita Gazi

The University of Hong Kong - Faculty of Law ( email )

Pokfulam Road
Hong Kong, Hong Kong

Yale Law School ( email )

127 Wall Street
New Haven, CT 06510
United States

Fintech and Blockchain Program ( email )

Newark, NJ
United States

Douglas W. Arner (Contact Author)

The University of Hong Kong ( email )

Pokfulam Road
Hong Kong, Pokfulam HK
China

The University of Hong Kong - Faculty of Law ( email )

Pokfulam Road
Hong Kong, Hong Kong
China

HOME PAGE: http://hub.hku.hk/rp/rp01237

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