Advancing Women’s Digital Financial Inclusion
Women’s economic participation is still unequal in both advanced and emerging economies and they are found to be disproportionately affected by the COVID-19 crisis. Thus, prioritization for women should be reflected in policy and programmatic responses, including efforts to support women’s financial resilience as they are impacted by and recover from COVID-19 and the associated economic challenges.
Depending on the country context, cultural environment, available infrastructure and resources, a range of solutions may be considered to remove barriers to digital financial inclusion of women. The policy options summarized here are all based on data, empirical evidence and experience across countries. These have been collected through desk research, a global stock-take exercise and consultation with industry experts and global policymakers. They address the three main categories of barriers to accessing financial services for women and girls – lack of access to the basic requirements for financial inclusion, limited digital financial infrastructure and unequal laws and regulations.