When more women are financially included, families benefit and national economies are strengthened.
Yet, globally, women are 7 percentage points less likely than men to have a bank account. The global opportunity of banking unbanked individual women alone could be greater than US $24 billion.
This policy brief outlines actions that can be taken by policymakers and regulators, financial service providers, and international organizations to ensure that women are financially included. By collecting sex-disaggregated data, financial service providers can learn:
- Whether women can access financial services;
- If women are using existing financial products and services;
- Which products and services are most frequently used by women;
- The potential business opportunity for targeting women as clients.