International Women's Day 2024: This is how fintech enables financial inclusion of women

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Key Points

However, despite this achievement, there remains a substantial journey ahead to empower women and bridge the existing gender gap...

There is an opportunity to introduce tailored financial products designed specifically for women, which could stimulate economic activity, create employment opportunities, and drive growth..

Financial institutions can customise their offerings to cater to women's needs, such as offering flexible repayment plans, lower interest rates, and specialised financial education programs..

Leveraging FinTech's expertise in digital consumer segments, combined with the widespread presence of traditional institutions in both urban and rural areas, can enable women to fully utilise today's financial services..

With advancements in technology and increasing mobile accessibility, a collaborative effort involving policymakers, financial institutions, and FinTech firms can provide comprehensive financial solutions tailored to women's needs..