Lessons on Enhancing Women’s Financial Inclusion Using Digital Financial Services (DFS)
It is widely accepted that better and relevant financial inclusion initiatives can foster reduced gender inequalities. Women who have access to bank accounts, savings mechanisms, and other financial services may be better able to control their earnings and undertake personal and productive expenditures.
Financial inclusion for women also helps in reducing the exposure of poor and rural households to income shocks, thus improving growth, and promoting more sustainable and equitable development. The objective of this study is to underscore the role of DFS (including fintech solutions) in enhancing and sustaining the access, use and overall quality of financial services, by women.