PayJoy Report Reveals How Mexico’s Working Mothers Leverage Mobile Finance | PR Newswire [Video]

92% of working mothers credit smartphones as employment enablers

, /PRNewswire/ — PayJoy, the top financial service provider to the underserved in emerging markets, today released its latest report “Unlocking Economic Mobility: Smartphone Finance and the Rise of Mexico’s Working Mother Micro-Entrepreneurs.” Drawing insights from over 1,100 working mothers in Mexico who have received a PayJoy smartphone loan, the report looks at how access to smartphones impacts their work, family life, and financial stability. Ninety-two percent of working mothers in Mexico reported that smartphone financing has unlocked their ability to maintain their current employment.

According to PayJoy data, smartphones are crucial for working mothers in Mexico, with 95% of mothers working outside the home crediting smartphone ownership as enabling their employment, and 94% of working mothers reporting that smartphones help them work at home and manage remote work effectively.

In Mexico, working mothers navigate a challenging economic landscape marked by a 32% gender gapin labor participation …