The digitalisation of G2P payments could financially include millions more women, however, many women do not use their accounts and cash out immediately upon receipt of funds. While there are several supply-side factors affecting women’s full participation (poorly designed products, lack of choice, etc.), one of the more common hypotheses is that women lack the knowledge and skills to manage the accounts through which they receive their transfer, and are therefore unable to make informed financial decisions about those accounts. If this changes, the assumption is that women will have the capability and confidence to control the resources they are given or earn, and make better informed
financial decisions, leading to greater economic empowerment.
This report by Women’s World Banking explores principles which stakeholders can use to meet the needs of women and increase their financial inclusion.