Day 2 of the #DFS4Women event saw participants go out into local communities to meet the real digital financial service (DFS) experts: mobile money customers and agents. Using a mobile-based Android app developed by Optimetriks, a provider of technological solutions to collect, process and visualize data, participants set out on a casual survey of DFS customers and agents.
Guest Post by Anjali Banthia, Specialist, Women's World Banking, Consumer Insights and Engagement
When it comes to digitizing bulk payments, scale is often considered the only thing that matters. No doubt scale is essential—but what if the obstacles to receiving the payments are so significant that women can not readily participate? This major challenge loomed over the discussion of benefits of high volume payments for women in the break-out session that opened the #DFS4W event organized by UN Capital Development Fund (UNCDF) in Kampala, Uganda, today. The gap between assumptions and reality on the ground is stark.
Globally, there are 1.1 billion economically active but low-income women. What this means for digital financial service (DFS) providers is that there is a huge potential market of women DFS customers that remains largely untapped. When it comes to DFS, it turns out that what is good for women is good for everyone.
Facilitating women’s access to digital financial services (DFS) is an opportunity for the private sector to engage in gender equality. This is how Rosa Malango, UN Resident Coordinator in Uganda, opened the latest Partner Event of the Mobile Money for the Poor (MM4P) conference #DFS4W, today in Kampala, Uganda.
Today at the Lake Victoria Serena Hotel, near Kampala, Uganda, the UN Capital Development Fund (UNCDF) programme Mobile Money for the Poor (MM4P) kicked off its annual learning event—#DFS4Women. Providing women in Africa and Asia with better, more affordable and more useful digital financial products and services is at the heart of this conference.
A new pilot partnership in Papua New Guinea (PNG) providing affordable green energy has the potential to drive the adoption and usage of financial services among rural low-income Papua New Guineans.
MiBank is working with Empawa, a local provider of solar power units in PNG to target off-grid homes to supply cheaper, more sustainable, green energy while at the same time creating access to a range of financial services through mobile phones.
The theme of this year’s International Day for the Eradication of Poverty is "Moving from humiliation and exclusion to participation: Ending poverty in all its forms". It reminds us that eradicating poverty remains one of the greatest challenges facing humanity. Globally, 767 million people live on less than $1.90 a day, many lacking access to adequate food, clean drinking water and sanitation. Women are more likely to live in poverty than men due to unequal access to paid work, education, and property.
The grant agreement between the UN Capital Development Fund (UNCDF) and Amret Microfinance Cambodia was publicly signed on the 14th of October 2016, in the presence of representatives from the UN, the Australian Department of Foreign Affairs and Trade (DFAT) and Amret management staff.
A farming household managed by an older woman is typical of farming households who depend for a large part of their income on the sale of crops grown on their own land: incomes and expenditures are ‘lumpy’ compared to those of non-farming families, or of farming families who mostly labor on other people’s land.