Member News: Industry Partner GBA for Women Features Diamond Bank's Digital Innovation
Industry Partner GBA for Women says that digital solutions for product distribution are rapidly increasing banks’ ability to reach the unbanked – a segment disproportionately made up of women. During the recent All-Stars Academy in South Africa, GBA heard from two of its members who are making huge strides in this area: Diamond Bank of Nigeria - also a SME Finance Forum member - and NMB Bank of Tanzania.
Diamond Bank sees financial inclusion for women as a growth market, since 70 percent of adult women in Nigeria still unbanked. Launched in 2013, Diamond Bank's BETA Proposition seeks to address the convenience and access issues. In this article, GBA features the bank's digital innovation through this initiative.