Digital financial inclusion for rural women of Bangladesh

• by MSC
• Feb 10, 2020
• 1 min

With the rise of digital financial services, the gender gap in access to formal financial services has narrowed by the day. Digitization of the Primary Education Stipend Program (PESP) is one of the many examples where the Government of Bangladesh has used DFS to increase women’s access to financial services.

Women in Bangladesh are often under-represented in terms of access to formal financial services. It is surprising because these women actively participate in economic activities and are often responsible for the management of household activities. In recent years, the gender gap in financial access has narrowed by the day, thanks to the rise of Digital Financial Services (DFS). This has helped dissolve the social and geographic boundaries that often restrict women’s access to financial services. Digitization of the Primary Education Stipend Program (PESP) is one of the many examples where the Government of Bangladesh works with DFS to encourage women to access financial services through their mobile phones.