Technology companies play a significant role in economic improvement
The reason why PayU is particularly conscious of these issues is that we operate and lead the industry in emerging markets – Latin America, Central and Eastern Europe and India, and Africa. They have all gone through turmoil and have these issues in these countries. We need to be aware of the plight of these countries. Women also contribute to the informal trading sector, so we need to direct them to technology that may be able to support them via education or financing – products like the app Spoon Money, which supports female street vendors to boost their business using loans, as well as stokvel principles and practices. We have to open your eyes and get involved because technology companies play a significant role in economic improvement.
And women do too. We need to see a dramatic upgrade and do more for each other in our industries. There’s a well-known TED Talk by Pat Mitchell and she opens with the line, dangerous times call for dangerous women and you can’t be dangerous from the sidelines.
Karen Nadasen, Country Manager & CEO, PayU South Africa