Tackling financial inclusion has been a major goal of the financial community for several years. However, according to World Bank figures, 1.7 billion people globally are without access to bank accounts. And most of them are women.
Figures from the World Economic Forum suggest that 55% of the unbanked are women. Around one billion women have no access to financial services, from simple chequing accounts to more complex products such as loans, insurance and credit. This impacts their economic security, their ability to make household decisions and — for small business owners — their ability to expand. The World Bank Group’s Global Findex Database 2017 found that the global gender gap in account ownership has remained at 7% over the past decade.
