Mary Ellen Iskenderian, the president and CEO of Women’s World Banking, has been at the forefront of addressing the financial issues faced by women refugees and immigrants around the world. With the recent crisis in Ukraine following Russia’s attack, Iskenderian and her organization have stepped in to provide assistance to those in need.
Women’s World Banking has partnered with over 70 organizations globally, reaching out to more than 185 million women. Their focus on Ukrainian refugees, who are predominantly women and their dependents, has shed light on the importance of financial inclusion for marginalized populations.
The World Bank estimates that 850 million people worldwide lack proof of legal identity, hindering their access to essential services and financial resources. Iskenderian emphasizes the potential of blockchain technology in providing digital identities to refugees and migrants, enabling them to participate in the digital economy.
In countries where women are not allowed to have their own identification documents, the gender gap in finance remains a critical issue. Iskenderian highlights the importance of empowering women through digital financial services and mobile technology to bridge this gap.
Through partnerships with companies like Jazz in Pakistan, Women’s World Banking has successfully onboarded unbanked women into the financial sector. By leveraging existing networks of female entrepreneurs, they have seen significant growth in female customer engagement and financial transactions.
Iskenderian’s dedication to promoting financial inclusion for women globally has made a tangible impact on the lives of millions. By addressing cultural barriers and leveraging innovative solutions, Women’s World Banking continues to empower women to access financial services and participate in the digital economy.