Women’s world banking and JazzCash team up to serve Low income women of Pakistan
On the 4rth of April 2017, Global nonprofit World Banking for Women and JazzCash made an announcement, stating that under the mutual cooperation of the companies, a promotion is going to be underway regarding the monetary incorporation for women across the country of Pakistan.
The “Bill & Melinda Gates” Foundation will be funding the companies in an effort to increase low-income women’s appropriation and make use of of digital financial services, in particular the JazzCash mobile account.
The head of Digital and Financial Services of Jazz, Aniqa Afzal Sandhu, stated that:
“We are delighted to partner with Women’s World Banking, as they have done pioneering work on empowering women financially in other markets. We look forward to the research findings as they will enable JazzCash to increase financial inclusion of the marginalized and disenfranchised women across Pakistan.”
The CEO of Women’s World Banking, Mary Ellen Iskenderian said:
“We commend JazzCash for seeing women’s longstanding financial exclusion as we always have: an opportunity rather than an obstacle. With a mobile savings tool like JazzCash, a woman, who may not have otherwise had access, can open a bank account in her own name without taking time away from her busy day. She can plan for her future, build a safety net for times of crisis, and even grow her business.”
The plan will be involving a nonprofit behavioral aim and will be supporting worldwide conventional performances to come within the reach of women via digital financial services, enclosing Women’s World Banking projects in Nigeria and other markets.
The outcome will have an international influence as well, not only will they strengthen the opinions of how digital financial services will be working for low-income women of Pakistan, but will also help notify analogous dealings to stretch out to the unbanked women regionally and globally.