[vc_row equal_height="yes" content_placement="middle" type="image" bg_position_horizontal="center" enable_parallax="false" parallax_speed="0.4" padding_top="110" padding_bottom="0" bg_image="12077"][vc_column][kleo_gap size="100px"][vc_row_inner][vc_column_inner][vc_custom_heading text="LEARNING NOTE" font_container="tag:h2|font_size:28px|text_align:center|color:%23ffffff|line_height:34px" google_fonts="font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal" letter_spacing=""][vc_custom_heading text="WOMEN IN ULTRA-POOR COMMUNITIES &amp; THEIR ROLE IN HOUSEHOLD FINANCIAL DECISION MAKING AND DIGITAL PARTICIPATION" font_container="tag:h2|font_size:48px|text_align:center|color:%23ffffff|line_height:54px" google_fonts="font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal" letter_spacing=""][vc_column_text text_color="#ffffff" font_size="24px" letter_spacing=""]
<p class="lh30" style="text-align: center;">Bhatta Basti is a low-income, predominantly Muslim community in Jaipur, Rajasthan, where the population is largely migrant, uneducated and cash-dependent. A scoping study was conducted among 200 low-income, self-employed married women to identify individual and household-level barriers to digital financial inclusion, and in particular their ability to take-up digital payment mechanisms for household as well as personal financial activities.</p>
[/vc_column_text][/vc_column_inner][/vc_row_inner][kleo_gap size="130px"][/vc_column][/vc_row][vc_row equal_height="yes" content_placement="middle" padding_bottom="0"][vc_column width="1/2"][/vc_column][vc_column width="1/2"][vc_row_inner equal_height="yes" content_placement="middle"][vc_column_inner width="5/12"][/vc_column_inner][vc_column_inner width="1/3" css=".vc_custom_1488531456733{padding-right: 0px !important;}"][vc_column_text letter_spacing=""][addtoany][/vc_column_text][/vc_column_inner][vc_column_inner width="1/4" css=".vc_custom_1488531444909{padding-left: 0px !important;}"][kleo_button title="Print this page" href="https://cashlesscatalyst.org/wp-content/uploads/2018/02/Women-FDM.pdf" target="_blank" style="custom" position="left" size="lg" special="no" border="no" icon="print" font_size="16px" letter_spacing="" el_class="grey-icon" custom_text="#d11e3c"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type="color" bg_color="#ffffff"][vc_column][vc_row_inner equal_height="yes"][vc_column_inner width="1/2"][vc_column_text text_color="#383b3b" font_size="16px" letter_spacing="" el_class="ptext-justify lh22"]Literature in economics has historically treated the household (and internal decision-making processes) as a black box. As researchers have sought to unpack the dynamics of bargaining power and resource allocation, competing theoretical models have debated sources and realizations of power.[/vc_column_text][/vc_column_inner][vc_column_inner width="1/2"][vc_column_text text_color="#383b3b" font_size="16px" letter_spacing="" el_class="ptext-justify lh22"]To translate academic frameworks into practical templates for implementation, we synthesized key findings from literature on financial decision-making with insights from field settings in Delhi and Rajasthan.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row inner_container="no" type="color" bg_color="#d1203d"][vc_column][vc_row_inner inner_container="yes"][vc_column_inner][vc_custom_heading text="IN OUR MODEL, WE CONSIDER THE HOUSEHOLD FINANCIAL DECISION-MAKING CAPACITY OF AN ULTRA-POOR WOMAN AS A FUNCTION OF SEVEN ATTRIBUTES:" font_container="tag:h2|font_size:26px|text_align:center|color:%23ffffff|line_height:32px" google_fonts="font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal" letter_spacing=""][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width="1/12"][/vc_column_inner][vc_column_inner width="1/5"][vc_single_image image="12044" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade" css=".vc_custom_1518685872869{margin-top: 40px !important;margin-bottom: 20px !important;}"][vc_custom_heading text="Personal education level &amp; education level in comparison with household head" font_container="tag:div|font_size:18px|text_align:center|color:%23ffffff|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal" css_animation="fadeIn" letter_spacing=""][/vc_column_inner][vc_column_inner width="1/5"][vc_single_image image="12045" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade" css=".vc_custom_1518685880405{margin-top: 40px !important;margin-bottom: 20px !important;}"][vc_custom_heading text="Contribution to household income" font_container="tag:div|font_size:18px|text_align:center|color:%23ffffff|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal" css_animation="fadeIn" letter_spacing="" css=".vc_custom_1518686035995{padding-right: 10% !important;padding-left: 10% !important;}"][/vc_column_inner][vc_column_inner width="1/5"][vc_single_image image="12046" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade" css=".vc_custom_1518685747806{margin-top: 40px !important;margin-bottom: 20px !important;}"][vc_custom_heading text="Evidence of personal identity Bank account" font_container="tag:div|font_size:18px|text_align:center|color:%23ffffff|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal" css_animation="fadeIn" letter_spacing="" css=".vc_custom_1518686078083{padding-right: 11% !important;padding-left: 11% !important;}"][/vc_column_inner][vc_column_inner width="1/5"][vc_single_image image="12047" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade" css=".vc_custom_1518685735702{margin-top: 40px !important;margin-bottom: 20px !important;}"][vc_custom_heading text="Bank account awareness and usage" font_container="tag:div|font_size:18px|text_align:center|color:%23ffffff|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal" css_animation="fadeIn" letter_spacing="" css=".vc_custom_1518686116084{padding-right: 16% !important;padding-left: 16% !important;}"][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width="1/5"][/vc_column_inner][vc_column_inner width="1/5"][vc_single_image image="12048" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade" css=".vc_custom_1518685724955{margin-top: 40px !important;margin-bottom: 20px !important;}"][vc_custom_heading text="Personal savings managed by own self" font_container="tag:div|font_size:18px|text_align:center|color:%23ffffff|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal" css_animation="fadeIn" letter_spacing="" css=".vc_custom_1518686167002{padding-right: 19% !important;padding-left: 19% !important;}"][/vc_column_inner][vc_column_inner width="1/5"][vc_single_image image="12049" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade" css=".vc_custom_1518685715155{margin-top: 40px !important;margin-bottom: 20px !important;}"][vc_custom_heading text="Household expense payment habits" font_container="tag:div|font_size:18px|text_align:center|color:%23ffffff|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal" css_animation="fadeIn" letter_spacing="" css=".vc_custom_1518686206001{padding-right: 21% !important;padding-left: 21% !important;}"][/vc_column_inner][vc_column_inner width="1/5"][vc_single_image image="12050" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade" css=".vc_custom_1518685704117{margin-top: 40px !important;margin-bottom: 20px !important;}"][vc_custom_heading text="Comfort in using mobile phones" font_container="tag:div|font_size:18px|text_align:center|color:%23ffffff|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal" css_animation="fadeIn" letter_spacing="" css=".vc_custom_1518679185831{padding-right: 25% !important;padding-left: 25% !important;}"][/vc_column_inner][vc_column_inner width="1/5"][/vc_column_inner][/vc_row_inner][vc_row_inner inner_container="yes"][vc_column_inner css=".vc_custom_1518686539639{margin-top: 2% !important;padding-right: 8% !important;padding-left: 8% !important;}"][vc_custom_heading text="We hypothesize that analysis of these factors ought to provide a comprehensive portrait of not only a woman’s role within household and community decision-making, but should also provide insight into gaps in household knowledge sharing. To test the applicability of this framework, we used it to analyze household decision-making in Bhatta Basti in June and July of 2017." font_container="tag:p|font_size:14px|text_align:center|color:%23ffffff|line_height:20px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:300%20light%20italic%3A300%3Aitalic" letter_spacing=""][kleo_gap size="30px"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type="color" bg_color="#e3e2e2" padding_top="70" padding_bottom="70"][vc_column][vc_row_inner equal_height="yes" gap="35" inner_container="yes"][vc_column_inner width="1/3" css=".vc_custom_1518689891874{border-bottom-width: 3px !important;padding-top: 5% !important;padding-right: 5% !important;padding-bottom: 5% !important;padding-left: 5% !important;background-color: #ffffff !important;border-bottom-color: #cf1f3c !important;border-bottom-style: solid !important;}"][vc_single_image image="12053" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade" css=".vc_custom_1518690028156{margin-bottom: 10px !important;}"][vc_custom_heading text="EMPLOYMENT" font_container="tag:p|font_size:18px|text_align:center|color:%23d1203d|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal" letter_spacing=""][vc_custom_heading text="Women played an active role in contributing to the household income either indirectly as unpaid family labor in home-based business or through direct employment in one of the following four trades:" font_container="tag:p|font_size:18px|text_align:center|color:%23373a3a|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal" letter_spacing=""][vc_single_image image="12054" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade"][vc_custom_heading text="All households reported receiving wages, salary and income payments in cash." font_container="tag:p|font_size:16px|text_align:left|color:%23cf1f3c|line_height:22px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20italic%3A400%3Aitalic" letter_spacing=""][/vc_column_inner][vc_column_inner width="1/3" css=".vc_custom_1518690430563{border-bottom-width: 3px !important;padding-top: 5% !important;padding-right: 5% !important;padding-bottom: 5% !important;padding-left: 5% !important;background-color: #ffffff !important;border-bottom-color: #cf1f3c !important;border-bottom-style: solid !important;}"][vc_single_image image="12058" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade" css=".vc_custom_1518690456277{margin-bottom: 10px !important;}"][vc_custom_heading text="SAVINGS" font_container="tag:p|font_size:18px|text_align:center|color:%23d1203d|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal" letter_spacing=""][vc_custom_heading text="Older women were significantly more likely to report independent savings, as were women who completed at least primary school indication that education and experience played a crucial role in improving personal financial decision making capacity." font_container="tag:p|font_size:18px|text_align:center|color:%23373a3a|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal" letter_spacing=""][vc_single_image image="12059" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade"][/vc_column_inner][vc_column_inner width="1/3" css=".vc_custom_1518690627677{border-bottom-width: 3px !important;padding-top: 5% !important;padding-right: 5% !important;padding-bottom: 5% !important;padding-left: 5% !important;background-color: #ffffff !important;border-bottom-color: #cf1f3c !important;border-bottom-style: solid !important;}"][vc_single_image image="12060" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade" css=".vc_custom_1518690652986{margin-bottom: 10px !important;}"][vc_custom_heading text="HOUSEHOLD EXPENSE PAYMENTS" font_container="tag:p|font_size:18px|text_align:center|color:%23d1203d|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal" letter_spacing=""][vc_custom_heading text="Women in our Bhatta Basti sample are actively engaged in the economic lives of their families." font_container="tag:p|font_size:18px|text_align:center|color:%23373a3a|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal" letter_spacing=""][vc_single_image image="12061" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade"][vc_custom_heading text="expressed interest to use digital payments in the future for household utility bill payment suggesting high desire to move household financial activities to the digital dimension." font_container="tag:p|font_size:16px|text_align:left|color:%23cf1f3c|line_height:22px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20italic%3A400%3Aitalic" letter_spacing=""][/vc_column_inner][/vc_row_inner][vc_row_inner equal_height="yes" gap="35" inner_container="yes"][vc_column_inner width="1/3" css=".vc_custom_1518689891874{border-bottom-width: 3px !important;padding-top: 5% !important;padding-right: 5% !important;padding-bottom: 5% !important;padding-left: 5% !important;background-color: #ffffff !important;border-bottom-color: #cf1f3c !important;border-bottom-style: solid !important;}"][vc_single_image image="12062" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade" css=".vc_custom_1518690787953{margin-bottom: 10px !important;}"][vc_custom_heading text="EDUCATION" font_container="tag:p|font_size:18px|text_align:center|color:%23d1203d|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal" letter_spacing=""][vc_custom_heading text="The average woman in Bhatta Basti is literate despite no formal schooling." font_container="tag:p|font_size:18px|text_align:center|color:%23373a3a|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal" letter_spacing=""][vc_single_image image="12063" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade"][vc_custom_heading text="Women who are less educated than their husbands are <strong>6% less likely</strong> to have visited the bank, indicating poor financial literacy and engagement, suggesting that husbands with higher education levels control a greater share of household finances." font_container="tag:p|font_size:16px|text_align:left|color:%23cf1f3c|line_height:22px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20italic%3A400%3Aitalic" letter_spacing=""][/vc_column_inner][vc_column_inner width="1/3" css=".vc_custom_1518691793696{padding-top: 5% !important;padding-right: 5% !important;padding-bottom: 5% !important;padding-left: 5% !important;}"][vc_single_image image="12064" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade" css=".vc_custom_1518690965384{margin-bottom: 10px !important;}"][/vc_column_inner][vc_column_inner width="1/3" css=".vc_custom_1518690627677{border-bottom-width: 3px !important;padding-top: 5% !important;padding-right: 5% !important;padding-bottom: 5% !important;padding-left: 5% !important;background-color: #ffffff !important;border-bottom-color: #cf1f3c !important;border-bottom-style: solid !important;}"][vc_single_image image="12065" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade" css=".vc_custom_1518690992811{margin-bottom: 10px !important;}"][vc_custom_heading text="MOBILE USAGE" font_container="tag:p|font_size:18px|text_align:center|color:%23d1203d|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal" letter_spacing=""][vc_single_image image="12066" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade"][vc_column_text text_color="#373a3a" font_size="16px" letter_spacing="" animation="animate-when-almost-visible" css_animation="el-fade"]One in every two households own at least one smartphone <em style="color: #cf1f3c;">though men largely control these devices.</em>[/vc_column_text][vc_custom_heading text="Higher income households with older and more highly educated men and women were significantly more likely to have an additional mobile phone and a phone with internet along with an increase in her comfort level with using a mobile phone." font_container="tag:p|font_size:18px|text_align:left|color:%23373a3a|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal" letter_spacing=""][/vc_column_inner][/vc_row_inner][vc_row_inner equal_height="yes" gap="35" inner_container="yes"][vc_column_inner width="1/3" css=".vc_custom_1518689891874{border-bottom-width: 3px !important;padding-top: 5% !important;padding-right: 5% !important;padding-bottom: 5% !important;padding-left: 5% !important;background-color: #ffffff !important;border-bottom-color: #cf1f3c !important;border-bottom-style: solid !important;}"][vc_single_image image="12067" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade" css=".vc_custom_1518691332763{margin-bottom: 10px !important;}"][vc_custom_heading text="IDENTITY" font_container="tag:p|font_size:18px|text_align:center|color:%23d1203d|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal" letter_spacing=""][vc_single_image image="12068" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade"][vc_custom_heading text="Given the geographic exclusion and financial status of individuals in the area, high rates of bank account and identification penetration are a testament to the community mobilization and engagement efforts led by local NGOs and government bodies." font_container="tag:p|font_size:16px|text_align:left|color:%23cf1f3c|line_height:22px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20italic%3A400%3Aitalic" letter_spacing=""][/vc_column_inner][vc_column_inner width="1/3" css=".vc_custom_1518691824322{padding-top: 5% !important;padding-right: 5% !important;padding-bottom: 5% !important;padding-left: 5% !important;}"][/vc_column_inner][vc_column_inner width="1/3" css=".vc_custom_1518690627677{border-bottom-width: 3px !important;padding-top: 5% !important;padding-right: 5% !important;padding-bottom: 5% !important;padding-left: 5% !important;background-color: #ffffff !important;border-bottom-color: #cf1f3c !important;border-bottom-style: solid !important;}"][vc_single_image image="12069" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade" css=".vc_custom_1518691483665{margin-bottom: 10px !important;}"][vc_custom_heading text="ACTIVITY" font_container="tag:p|font_size:18px|text_align:center|color:%23d1203d|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal" letter_spacing=""][vc_custom_heading text="While bank account access and linkage is high, consistent usage remains low." font_container="tag:p|font_size:18px|text_align:center|color:%23373a3a|line_height:24px" google_fonts="font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal" letter_spacing=""][vc_single_image image="12070" img_size="full" alignment="center" animation="animate-when-almost-visible" css_animation="el-fade"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_custom_heading text="WOMEN’S DIGITAL PARTICIPATION: A GAP AND AN OPPORTUNITY" font_container="tag:h4|font_size:26px|text_align:center|color:%23d1203d|line_height:32px" google_fonts="font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal" css_animation="fadeIn" letter_spacing=""][kleo_gap][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width="1/3"][vc_column_text text_color="#373a3a" font_size="18px" letter_spacing="" el_class="lh24"]
<p style="text-align: center;">Ultra-poor women made short-term financial decisions regarding consumption purchases as well as minor informal savings indicating some sort of financial literacy and activity. However, awareness regarding formal household borrowing and saving profiles was low, suggesting detachment from financial decision-making and digital payment systems. Community organisations can play a vital role in filling this gap by engaging, educating and empowering women with financial decision-making and digital financial tools.</p>
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<p style="text-align: center;">Almost all women were keen on learning how to use smartphones. Even more were interested to learn about and use digital payment mechanisms, especially for household financial activities. This willingness coupled with a high level of informal short-term purchase and saving activity can be used as a catalyst for digitization. Financial service providers can offer solutions catering to women’s financial needs to ensure and enhance women’s participation in the digital economy.</p>
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<p style="text-align: center;">There exists a clear division of household financial activity based on type of decision, education level of members etc. In order to ensure wider usage of digital payments, efforts to move forward must divide energy between both male and female household members. Enablers can create a supportive environment for the local community, government agencies and private sector players to work together and expand women’s overall access to digital financial services.</p>
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<p style="text-align: center;"><span style="color: #da092b;">TECHNICAL WRITERS:</span> MAYA​ DURVASULA | MRIDULYA NARASIMHAN | N​IDHI​ PUNMIA | VAISNAVI GNANASEKARAN</p>
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