Does FinTech promote entrepreneurial intention among women? Studying the mediating role of financial inclusion.

Abstract

The most recent innovation to make FinTech more generally accessible and reasonably priced with the primary objective of financial inclusion is Mobile Money (MoMo). This study examines the role of mobile money in arousing entrepreneurial intention among women belonging to northern India, in addition to studying the mediating role of financial inclusion between mobile money and women entrepreneurial intention. The current study addresses Fin Tech (Mobile Money), financial inclusion and women entrepreneurial intention. To undertake the study, we considered 399 respondents and performed structural equation modelling analysis. The outcomes support mobile money as a proxy for FinTech adoption exerts a positive influence on women entrepreneurial intention. Besides, the results indicate that MoMo positively influences financial inclusion. The results also showed a favourable relationship between financial inclusion and women entrepreneurial intention. Furthermore, the estimated model supported the hypothesis, financial inclusion mediates the MoMo and women entrepreneurial intention link.

Entrepreneurial Risk and Digital Financial Inclusion: A Cross‐Country Analysis

“…Through financial inclusion, Fintech has become drivers of entrepreneurial activities in many countries. Haq and Dawood (2023) showed that mobile money used as proxy of Fintech promotes entrepreneurial intention among women in Northern India as it enabled them to be part of the financial sector. Koroleva (2022) recently found a positive relationship between Fintech and entrepreneurship in two Russian regions, namely Moscow and Chelyabinsk.…”