Digital financial inclusion must include gender – says report
A report by Mastercard Center for Inclusive Growth and HERproject shares insights on financial inclusion during COVID-19. From studying digital wages for low income earners across several countries, the report found that financial literacy training greatly assists low income earners to save. This is more meaningful financial inclusion as such workers can make big purchases and use their savings to improve their lives. Another finding is the role of gender sensitive design for financial products. This has enabled women to make financial decisions as opposed to handing over all their wages to their husbands. The report therefore calls for contextual knowledge and thoughtful planning and implementation of financial inclusion programmes.