33% of remittances in the region are made by women, most of whom are under 40 years of age; this figure agrees with data from the World Bank, which account for the women’s lack of access to all economic rightsaccording to XCOOP statistics.
While remittances showed a surprise rise in 2021, growing 7.3% to reach $589 billion globally —Latin America was the region that registered the largest increase with 21.6%— and at a record $126 billion, according to World Bank figures, this did not reflect a qualitative change in terms of gender.
The age variable also has an impact, since 60% of women who send remittances are between 23 and 39 years old, while in the case of men, more than half are over 50 years old. From this it can be inferred that the younger generations of women have a different imprint in terms of financial inclusion and the perception of their rights.
“We believe that the ease provided by digital money transfers to other countries will be key to greater financial inclusion of women in our region,” concluded XCOOP COO Ana Chaher.
Source: Larepublica
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