Are Financial Services Only Reserved For The Well-off?

There’s been a seismic shift towards expanding digital financial services (DFS) in recent years, which has opened up more opportunities for women as Ethiopia transitions to a digital economy. However, in 2020 the gender gap in overall bank account ownership expanded to an estimated 19 percentage points, with women 67% less likely to have mobile money accounts and 30% less likely to own or use a mobile phone. Turning the tide of these inequalities requires a concerted effort among all stakeholders.