Women’s World Banking is cited for its work developing digital financial services tailored to the needs of low-income women.

Mobile phone ownership has has a significant impact on Tanzanian women’s businesses and lives, a recent study led by the United States’ College of William and Mary found.

Two-thirds of Tanzanians own a phone, but only four in 10 women are phone owners, according to government data.

When 60 female small business owners were given free mobile phones, their businesses improved, the study found.

Eight out of 10 African women do not have a bank account, according to the U.S.-based charity Women’s World Banking, which uses mobile phone technology to increase women’s access to financial services.

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