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The emergence of digital channels is seen as the best alternative for bridging the gender gap when it comes to accessing financial services, new research shows.
According to the Washington DC-based think tank, Centre for Global Development, their recent research in Tanzania and Indonesia indicated a large and unexplored demand for movile saving platforms, which play a great role, especially for women.
"Mobile savings reduce transaction cost, provide privacy and increase economic self-reliance for women who are good at saving," said a senior fellow with the Centre for Global Development, Ms. Mayra Buvinic, who conducted the research in Tanzania.