Mastercard Center for Inclusive Growth reposted this
🟡 Increasing Financial Inclusion in Egypt’s Garment Sector through Responsible Wage Digitalization: Benefits for Workers and Business 🟡 📅 Join RISE and Mastercard Center for Inclusive Growth Mastercard at the #DigitalWages session at Seamless North Africa in Cairo 2-3 September. https://lnkd.in/dNPAnsNN Our panel will discuss responsible #WageDigitization as part of the Fintech, Payments and Banking Agenda. This is an exciting opportunity to encourage the financial service industry to consider and include garment workers in their payroll and #FinancialInclusion strategies. The RISE and #Mastercard partnership in #Egypt has demonstrated that responsible wage digitization that considers the needs of workers, especially women, can lead to benefits for workers and business. This includes increased usage and benefit from financial products and services, such as paying bills, sending remittances or savings accounts; increased efficiency and transparency in globally supply chains, while creating an active market segment for financial service providers and helping to meet govt financial inclusion and financial literacy goals. There is an opportunity for the financial industry to work with the garment industry to take this to scale in a way that can lead to increased financial inclusion and improved financial health for women and men workers across the industry. This includes developing use cases for a range of relevant and affordable financial products and services, such as savings and merchant payments, and working with the garment sector to provide workplace support and training, that considers the needs of women, on how to access and benefit from them. Seamless North Africa: the future of digital commerce brings together two core eco-systems, payments, fintech and banking alongside retail and e-commerce. #SeamlessNA