{"id":508400,"date":"2021-06-30T13:33:13","date_gmt":"2021-06-30T17:33:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/paypal-commits-over-100-million-to-advance-financial-inclusion-and-economic-empowerment-of-women-and-girls\/"},"modified":"2021-06-30T13:33:13","modified_gmt":"2021-06-30T17:33:13","slug":"paypal-commits-over-100-million-to-advance-financial-inclusion-and-economic-empowerment-of-women-and-girls","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/paypal-commits-over-100-million-to-advance-financial-inclusion-and-economic-empowerment-of-women-and-girls\/","title":{"rendered":"PayPal Commits Over $100 Million to Advance Financial Inclusion and Economic Empowerment of Women and Girls"},"content":{"rendered":"
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The commitment is part of PayPal’s mission to build a more inclusive global economy and its role as a Generation Equality Forum Action Coalition Private Sector Lead<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n SAN JOSE, Calif.<\/span>, June 30, 2021<\/span> \/PRNewswire\/ — PayPal Holdings, Inc.<\/a>\u00a0(NASDAQ: PYPL) today announced a more than $100 million<\/span> commitment to advance financial inclusion and economic empowerment for women and girls around the world over the next five years. The announcement was made during the Generation Equality Forum<\/a>\u00a0(GEF), a global gathering for gender equality, convened by UN Women and co-hosted by the governments of Mexico<\/span> and France<\/span>, in partnership with civil society. In support of its mission to build a more inclusive economy, PayPal was selected to join<\/a> the Generation Equality initiative as a private sector lead for the Economic Justice and Rights Action Coalition in November 2020<\/span>. <\/p>\n

“Improving the financial health of women is essential to building prosperous and resilient communities. Women make up the overwhelming majority of the world’s unbanked and underserved adults, and the economic and social impacts of the COVID-19 pandemic have only exacerbated these disparities,” said Dan Schulman<\/span>, president and CEO, PayPal. “As we work to shape an equitable recovery and an inclusive digital economy, we believe we have a responsibility to help expand the role and participation of women in the financial system and economic growth. With the resources, tools and technologies now at our disposal, we’ve never had a greater opportunity to achieve economic equality.”<\/p>\n

The commitment includes several external and internal investments over the next five years to support financial inclusion and economic empowerment of women and girls:<\/p>\n