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Accelerating Women's Financial Inclusion in Bangladesh's Garment Sector (Inglês)

In Bangladesh, only 36 percent of women have a formal bank account, compared with 65 percent of men. Mobile financial services(MFS)show great promise in addressing this gap, particularly because they can reach populations,including women living in rural areas, that are expensive for banks. To reach more women, a joint IFC and Bangladesh Bank initiative developed the business case for electronic wage payments. During 2016 and 2018, more than 70,000 female garment workers opened mobile financial accounts. Consequently, Bangladesh Garment Manufacturers and Exporters Association has expressed interest in adoption of digital wage payment across its 4,500 member factories.

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