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Accepted Paper:

Digital Financial Inclusion and Women Entrepreneurs in Informal Economy: Opportunities and Challenges  
Chidinma Elueze (Crawford University)

Paper short abstract:

This paper will be exploring strategies in closing the Digital divide that COVID-19 pandemic has accentuated with the increase of technological application and usage in doing business.

Paper long abstract:

The Informal Economy contributes to economic growth of most developing countries such as Nigeria, in terms of employment, value chain supply and innovation.

In the past two years, COVID-19 plunged the world economy into volatile and uncertainty especially in the informal economy. The informal economy experienced a decline in terms of socio-economic development that sector had experienced. Nigeria women entrepreneurs in the Informal economy experienced loss of income and savings for business recovery. This exacerbated the pre-existing gender inequalities.

The pandemic heralded transformation in business, the pace of digitalisation has increased astronomically but widened the digital divide for those in the he Informal economy.

This paper will examine how Fintech services can close the gap and facilitate economic growth within the sector. It will explore the opportunities and challenges of financial inclusion possibilities through Digital financial service providers.

The methodology that will employed will be qualitative method through in- depth interviews with fintech organisation and women in informal economy in the agricultural sector.

This paper will be able to highlight strategies in which fintech offer tailor made services for women entrepreneurs in informal economy.

Panel P32b
Role of Digital Technology and Innovations in Bridging Gender-inequality for Just Sustainable Futures.
  Session 1 Wednesday 6 July, 2022, -