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BIGD’s WEE-DiFine discusses role of digital financial services

  • Staff Correspondent
  • 23 June, 2022 12:00 AM
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BIGD’s WEE-DiFine discusses role of digital financial services

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Women's Economic Empowerment and Digital Finance (WEE-DiFine) of BRAC Institute of Governance and Development (BIGD) recently discussed the role of digital financial services on women’s economic empowerment in Bangladesh at BRAC Centre in the capital.

Speakers at the discussion said Bangladesh is a rapidly developing economy facing complex gender dynamics, said a press release.

According to the Global Gender Gap Index 2020, Bangladesh ranks 50th out of 153 countries overall in gender parity. Women in Bangladesh especially lag behind men with regard to economic participation and opportunity. However, increasing the financial market participation of Bangladeshi women may reduce these inequities, they added.

The speakers said transaction costs are one such barrier to women’s digital financial access. Interestingly, evidence suggests that women may value transaction cost reductions differently than men. Identifying the role of transaction costs in women’s demand for DFS can potentially close gender gaps across a wide variety of economic indicators, and ultimately advance women’s economic empowerment.