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Women’s Entrepreneurship Finance Community of Practice (CoP) - Embedding Payment Solutions in Financial Services for Women SMEs
26 August 2021
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8 : 00
9 : 30
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![African lady with yellow shirt holding a tablet with coin stack on top](https://www.smefinanceforum.org/sites/default/files/styles/720x486/public/shutterstock_1470813260-NL.jpg?itok=LS_7I3M0)
Background
The objective of the new Women Entrepreneurs Financing Community of Practice (CoP) is to effectively share knowledge and best practices, tools and innovative products to facilitate increased services to W-SMEs. To discuss and agree on how best to build a sustainable community of practice, we organized the first meeting on December 16th, 2020. Its purpose was to discuss and agree on priority areas of focus and how to best structure the CoP to serve memberson how best to build a sustainable community to effectively share lessons learned on how to increase financial services to W-SMEs. About 40 members and IFC staff from diverse regions and institutions attended the meeting.
Embedding Payment Solutions in Financial Services for Women SMEs
Women MSMEs account for 32% of the MSME Finance Gap and have been disproportionately impacted by the adverse economic impact of COVID-19. Despite the global economic downturn, the digital economy grew at unprecedented levels creating economic opportunities. The digital economy offers many opportunities for W-SMEs however, to participate fully women need to be able to make and receive payments. Banks and other financial service providers (FSPs) are now embedding payment and credit services into their products and solutions for W-SMEs.
On August 26th from 8 a.m. to 9.30 a.m. EDT, Mastercard will share its experience working with partner FSPs to provide payment solutions to empower women and drive an inclusive digital economy. The meeting will also include an open discussion for participants to voluntarily share unique experiences in payments and the digital economy.
Objectives of the discussion
• Share models and showcase approaches in embedding payment solutions to W-SME value propositions
• Deep dive into managing risks of the digital economy, including algorithm bias, over-indebtedness
• Leveraging on-line data trails, sex-disaggregated data to inform strategies, product enhancements, close gaps and accelerate inclusion
• Share insights in addressing regulatory barriers, social norms
• Facilitate participants contribution in sharing unique experience and solutions
Presenters
![](/sites/default/files/Ginger%20Siegel.jpg)
![](/sites/default/files/Maria%20Barreiros%20de%20Juste.jpg)
![](/sites/default/files/Maddie-Jamborek_0.jpg)
Being a CoP, member participants will also be encouraged to share their own unique experiences in this area, including achievements and questions they are now asking on the topics below:
• Leveraging Technological Innovation to unleash Market Opportunities, Greater Inclusion
• Product Design and Delivery
• Risk Management, New Risks e.g. algorithmic bias, over indebtedness
• Leveraging Partnerships and Collaboration
• Addressing Legal, Regulatory and Social Barriers
Registration is open for members on Member's portal.
By registering to this event, you agree to the SME Finance Forum/IFC Event Privacy Notice.
If interested in participating, please contact Minerva Kotei for more information.