Women are often tasked with managing household financial transactions such as paying bills, receiving money, and buying goods and services, even when they don’t have access to formal financial institutions. It should be no surprise then, that once BRAC clients gained the confidence to use mobile money, they quickly began to explore possibilities to make their lives more convenient and financially secure.
Many women reap the benefits of mobile money beyond BRAC services by adopting bKash for convenience and to improve their wellbeing. Access to digital financial services means that women can receive money directly and keep it safe.
Research shows that mobile money lessens risk of significant financial shock through access to remittances and lending within a group. Direct disbursement also provides women with a certain level of privacy and autonomy to reinvest funds as they deem fit. When women become financial decision makers, savings increase and labour force participation improves.