Making bank accounts work for women: Lessons on designing gender-centric financial services
Reports suggest that two out of three women in PNG face domestic abuse. Due to a lack of formal saving facilities for them, women’s hard-earned money often ends up with their husbands, who usually waste it on gambling or drinking. This blog highlights MiBank’s efforts to bridge the gender gap by introducing gender-centric products.
What does it take to nudge low- and moderate income(LMI) population segments to adopt DFS
DFS can help increase the use of financial services, catalyze women’s economic empowerment and promote the development of the overall economy. However, the adoption of DFS amongst the LMI, especially women has been limited. Considering the increasing need for digital payments, especially in the wake of restricted mobility that COVID 19 imposes, MSC attempted to understand what it takes to nudge low- and moderate-income (LMI) population segments to adopt DFS.