Garment Sector Wage Digitization, A Practical Guide for Financial Service Providers Hero Image

Digitizing wages in the global garment industry represents a significant opportunity worth billions of dollars for Financial Service Providers. However, the segment remains untapped. This guide, developed with Mastercard Center for Inclusive Growth, offers financial service providers insights and practical advice on three stages to develop the digital wages market segment: 

  1. Acquiring new customers—understanding the financial behaviors and needs of garment sector employers and workers, and developing financial solutions which would be in high demand
  2. Driving account usage of financial services—supporting clients and customers to digitize and become active account users
  3. Retaining customers and reaching scale—building relevant use cases and collaborations to build the ecosystem

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“This article was published as part of BSR’s HERproject. In 2023, HERproject, Gap Inc. P.A.C.E, CARE and Better Work came together to launch RISE: Reimagining Industry to Support Equality, a collaborative initiative supporting industry to advance equality for women workers in global garment supply chains.”  

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