Financial Inclusion Week 2022: Scaling responsible digital wages for inclusive growth

The Centre for Financial Inclusion organized the eighth edition of the Financial Inclusion Week from 17 to 20 October 2022. The ILO’s Global Centre on Digital Wages for Decent Work participated in a joint session with Better Than Cash Alliance and BSR on “Scaling responsible digital wages for inclusive growth”.

According to the Global Findex 2021, more than 1.5 billion people in developing economies opened their first account to receive a wage payment. Despite these advances in wage digitization, 6 out of 10 wage earners in low- and lower-middle-income countries still receive wages in cash. This session highlights how digital wage payments, when provided responsibly, can enable women and men workers to have better control over their wages and use associated financial services for more secure income, resilience, and economic opportunities. The speakers share evidence and experiences in advancing responsible digital wages that contribute to decent work, financial health, and inclusive growth in a gender-responsive manner.

Speakers: Valerie Breda (the ILO's Global Centre on Digital Wages for Decent Work), Lisa Richman (Mastercard Center for Inclusive Growth), Ella Moffat (BSR HERfinance) and Jean Pascal Mvondo (Better Than Cash Alliance).