ASEANDigital PaymentsFintechGender Equality

Moving Forward in an Inclusive Digital World: The Case of Mobile Money

By August 11, 2021December 5th, 2023No Comments
Filipina ladies wearing face shields and masks use their smartphones while waiting outside a supermarket during the COVID-19 outbreak in Antipolo City, Philippines, July 16, 2020.
(Credit: Depositphotos)

Digital payments in Singapore, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines reached a record of US$620 billion in 2020. That number is expected to hit US$1.2 trillion annually by 2025 and yet women appear to be being left behind.

The Diplomat takes a look into this “digital divide” as well as financial gender dynamics that exist across Southeast Asia—and how fintech companies, banks, and governments alike are developing digital financial solutions around women.