Fintechs urged to serve more women entrepreneursThis was the recommendation of the multilateral lender in a report that looked at challenges faced by women entrepreneurs in Indonesia, the Philippines and Vietnam. This was the recommendation of the multilateral lender in a report that looked at challenges faced by women entrepreneurs in Indonesia, the Philippines and Vietnam. While digital lenders have several products that can be useful for WMSMEs, the ADB said most fintechs do not focus specifically on women. It said many fintech firms also need to track the number of women they serve. “To adequately serve women, financial service providers must first understand women’s financial service needs and then make appropriate adjustments to their products and services,” the ADB said.
