India’s first women-only bank has launched in Mumbai and six other Indian cities, offering a service aimed at increasing financial inclusion for women in one of the world’s most populous countries.

Powered by technology from US vendor FIS, Bharatiya Mahila Bank is staffed by 115 employees, most of them female. The board of directors will also be entirely staffed by 8 women. The idea behind the business is to help improve economic conditions and social equality in India by making it easier for women to get access to a bank. The country already has 41% overall unbanked population, but the situation is even harder for women, especially in rural areas, where society’s values can mean women’s freedom is restricted.