CBDCs: A Catalyst for Women’s Financial Inclusion?

As Central Bank Digital Currencies (CBDCs) gain traction globally, with the majority of central banks exploring their potential specifically to improve financial inclusion, the question arises: Can CBDCs truly serve as a catalyst for women’s financial inclusion, and can women trust them? 

This brief delves into the benefits and barriers of CBDCs, examining their potential to provide accessible financial services, increase trust, and offer privacy features, while also addressing the challenges that may hinder their adoption, particularly among low-income women. 

Through real-world examples, including the Bahamian Sand Dollar, Nigeria’s eNaira, and Ghana’s eCedi, this brief explores how different countries are leveraging CBDCs to promote financial inclusion. The recommendations focus on prioritizing women-centered design, leveraging existing digital public infrastructure, driving engagement through awareness, and expanding offline access.