Month for business woman

Every year on 22 September business women from across the world are celebrated.

International Business Women’s Day was recognised by FNB Namibia this year. Desery van Wyk, head of digital products at the bank, said the day recognises that all women are seeking for and deserve equal business opportunities and FNB Namibia feels the same.

We know that most adults worldwide have bank accounts. Much of that growth was driven by an increase in account ownership in developing countries due to the spread of mobile banking, which has seen huge increases in adoption.

In some sub-Saharan African countries, more adults have mobile bank accounts than traditional ones. While this is good news, only 58% of women worldwide had bank accounts compared to 65% of men according to research done by the World Bank.

“Why digital banking?” asks Desery. Digital banking can make it easier for women to make or receive payments. This is important as women are much more likely to work in the informal economy and receive payments in cash.

Women are also more likely to invest their money in their family’s wellbeing. All these factors increase financial stability, which empowers women and leads to better health, education and economic outcomes for communities down the road.