Mobile Money for the Poor (MM4P) is a flagship global thematic initiative at UNCDF. As part of its knowledge sharing activities, MM4P is organizing an event in Uganda, Kampala from 24-26 October 2016.
Digital finance stakeholders from 8 countries (Benin, Lao PDR, Liberia, Malawi, Nepal, Senegal, Uganda and Zambia) are invited to share best practices and learn from experts and their peers.
This event entitled DFS4Women focuses on what the private sector can do and is doing to reach out to marginalized groups with Digital Financial Services (DFS), notably women who live in peri-urban and rural areas. As you follow our posts on this page, you will learn more about opportunities, challenges and solutions around women in the DFS space, as well as how data support evidence-based decisions.
Not unsurprisingly women are left behind when it comes to DFS. Research by the GSMA Connected Women programme estimates that “women are on average 14% less likely to own a mobile phone than men, which translates in 200 million fewer women than men owning mobile phones” in low- and middle-income countries. And the gap is not just about ownership, it goes beyond in usage of mobile internet and mobile money services.
It is widely recognized that including women financially has significant positive socio-economic consequences. Underserving women or more accurately not considering their barriers and needs by assuming they face the same as men leads to no uptake and usage of DFS by women. Besides the development impact, women also represent a large untapped market share for the DFS industry. As GSMA mentions “Closing the gender gap in mobile phone ownership and usage could unlock an estimated $170 billion market opportunity for the mobile industry in the period from 2015 to 2020”. Women represent 51% of the population including them by addressing their constraint could potentially dramatically impact businesses, DFS providers and economies in LDCs.
MM4P would like to thank for their support: