Canada is a unique country – geographically, culturally and financially. But the payments landscape in this region has similar diversity challenges as those around the world. How can we open up this growth industry to appeal to everyone, and encourage the next generation of female professionals to adjust their career trajectory and capitalize on these opportunities?
First we need to better understand the challenges.
Canada is not alone in the barriers to women in payments, and the wider workforce. We see a general issue with flexible working arrangements, childcare obstacles and work/life balance across the industry.
Thankfully, great expectations are on the horizon.
The payments industry in general is making progress. Within J.P. Morgan, our business resource network provides a really important platform for advocacy and support. As we look across the Canadian payment networks today and movement at the senior leadership level, we see women. Visa, Mastercard and American Express are all led by women. Platforms such as Women in Payments allow greater visibility and recognition within this industry to highlight and promote the breadth of opportunity.
For young women at the start of their careers, the payments industry offers a wide range of professional career options: financial, client facing, product design and architecture, technology, and much more. However, regardless of what stage you’re at in your career, focusing on your developing, learnings and overall trajectory is important.
It’s crucial in any area to stay relevant, but this market in particular is evolving at a phenomenal pace and to be successful you need to constantly learn from what you are seeing both locally and abroad.
We all encounter challenges, but it’s how we navigate those and how we treat people around us that matters. Women of our generation take inspiration from powerful women – not necessarily in title, but in how they influence and effect change. In the next generation, we can see the resilience and innovation, the building blocks that it takes to step into the president’s office. We are motivated every day by these women, and inspired by their determination.
The payments industry will be a better place because of all of us. But to get there, you’ve got to see us.
Marilu Gaudio and Shauna Archibald presented at the next Women In Payments Canada symposium (20-21 September 2022). Congratulations to Winnie Muchuba who won the 2022 Women in Payments Canada Symposium Social Impact Award at the same event.
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