Data from the Global Findex Database indicate that the percentage of adults with bank accounts in Ethiopia has more than doubled since 2014 to reach 46%. However, despite this growth, financial equity in the population has decreased. In particular, there are significant disparities in account ownership based on gender, income, and education. As of 2022, women are 16 percentage points less likely than men to have an account, while adults in the poorest 40% of households face a 20-percentage point income gap. Additionally, there is a substantial education gap of 41 percentage points among adults with a primary education or less.
IN the Philippines, a country known for its tech-savvy population and incredibly high internet and mobile phone penetration, financial technology (fintech) is making significant inroads in driving financial inclusion, resulting in the provision of more affordable and accessible financial services to individuals and businesses that have been traditionally excluded from the formal financial services sector.
Strengthening Digital Financial Inclusion in Government-to-Person Payments to Women: Lessons for Emerging Economies orfonline.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orfonline.org Daily Mail and Mail on Sunday newspapers.
(BPT) - A few years ago, cryptocurrencies seemed to be a niche form of payment that many were skeptical would catch on. Now, the tide has turned and Venmo, Paypal,
(BPT) - A few years ago, cryptocurrencies seemed to be a niche form of payment that many were skeptical would catch on. Now, the tide has turned and Venmo, Paypal, Zelle and other payment platforms …