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Designing Digital Payments for Mexican Women Entrepreneurs

Mexico’s 6.3 million micro, small, and medium-sized enterprises (MSMEs) generate nearly half of Mexico’s GDP and employ 37 percent of the workforce. Of MSMEs, 94.2 percent are microenterprises, and over half of these are women-owned or women-led. Despite this segment’s dominance in the economy, the majority of MSMEs transactions are still cash-based.

This report by Women’s World Banking first shares an overview of Mexico’s financial inclusion landscape, then it assesses the needs of women entrepreneurs by understanding their barriers and motivations in relation to digital payment adoption, and, lastly, it envisions the digital payments of the future.

Womens World Banking
Architects of women’s financial inclusion, builders of economic possibility Women’s World Banking designs and invests in the financial solutions, institutions, and policy environments in emerging markets to create greater economic stability and prosperity for women, their families and their communities.