Digital Wallets as a Driver of Financial Empowerment among Indian Women Entrepreneurs: An Empirical Analysis

Abstract

Indian women entrepreneurs. Since digital financial tools are getting accepted at a rapid rate, women entrepreneurs are being forced to use mobile wallets for managing transactions, availing financial services, and enhancing business activities. The study follows the quantitative approach by surveying 250 women entrepreneurs from urban and semi-urban regions of India. Using SPSS to conduct data analysis, the study investigates the linkage between digital wallet adoption and key indicators of financial empowerment, including access to financial services, business growth, and financial independence. The study findings indicate that frequent digital wallet adoption expands financial independence, reduces dependency on intermediaries, and promotes business growth. The study stresses the importance of digital literacy programs, fintech products tailored to their requirements, and policy interventions to facilitate more inclusive and empowering opportunities for women entrepreneurs. The results offer practical recommendations for policymakers and financial institutions looking to contribute to gender-inclusive economic growth through digital finance.