PayPal is rolling out a new program in Singapore. The payment company’s Women Luminaries Program, or WLP, is meant to encourage girls and women to pursue careers in the field of technology, in which they have been historically underrepresented. The goal is to make the industry more gender inclusive.
In a statement, Director of PayPal Singapore’s Development Center, Jerry Tso, said:
“In building the fintech ecosystem, it is important that we promote women in engineering by nurturing female tech talent and provide them with opportunities that would help them stay in the industry and become leaders. With our expertise and network, PayPal is in the position to offer these opportunities and build Singapore’s next generation of fintech talent that will see women on par with men in the industry in every aspect.”
Fintech Singapore reports that women are a minority in the majority of tech companies, particularly when it comes to upper management and other advanced positions. The problem is reflected in the Singaporean jobs market: in STEM (science, technology, engineering and math) companies, only 25 percent of employees are female. Likewise, about 30 percent of entrepreneurs in Singapore are women.
“In light of the diversity gap, the first installment of the WLP is designed to identify female students from several local universities who demonstrate a keen interest and aptitude to build a career in tech,” according to Fintech Singapore.
“The program is open to Singaporeans and Permanent Residents (PR) residing in the country, for students in their second or third year of their respective bachelor programs with participating universities.”
Eligible applicants must be enrolled in tech-related courses and exhibit a certain degree of talent. Those selected will be awarded a one-time scholarship and have access to a range of PayPal resources, including mentoring and career guidance, technical workshops, and exclusive events and training courses.