"Women are starting to come through in financial services, especially in more entrepreneurial areas like fintech, but there is also more to do to enable more women to get into leading positions on boards."
Across the Global North, online banking solidifies its dominance and apps like Venmo simplify mobile payments. In the Global South, people with little money to their name struggle to open bank accounts, get loans, and make payments.
Half the world's adults, approximately 2.5 billion individuals, do not have an account with a formal financial institution. Lack of access to finance is disproportionately skewed towards the poor, women, youth, and rural residents.