Fintech Helping to Lift Women Out of Poverty

Fintech solutions are helping to lower the barrier to entry for women in emerging markets and the tools are beginning to show how powerful access can be; there are more than 1 billion women who are unbanked and they also make up about 50 percent of migrant workers; women have proved better at spending money when on the receiving end of remittances and send a higher proportion of their paycheck back home even though they make less; there are still significant issues as many women find it hard to have the required documents to fulfill KYC requirements; Mehjabeen Poonawala, Head of India at Finastra, tells Forbes, “Governments, businesses, and the society must work together and increase the pace at which women become frequent users of technology to ensure access to the same information and services that men do.”; the barriers to entry are falling but they still favor men dramatically and some fintech firms are helping to even the playing field. Forbes

  • With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]