At the recent Citi FT Financial Education Summit in Manila, Visa announced that the company was one full year ahead of schedule in achieving its goal of bringing financial literacy to 20M people in developing economies. In its ninth year, the Summit attracted 300 delegates from non-profits to NGOs to global financial institutions. Attendees were able to compare best practices for building financial literacy programs and network with colleagues from throughout the region.
We had a chat at the conference with Hope Ewing, head of Visa’s financial literacy program in the Asia Pacific region, Eastern Europe, Africa and the Middle East. When we met up with her, she re-emphasized points from her summit presentation entitled “Exploring the Challenge of Financial Education Across Emerging Economies.” Her speech underscored the points that:
- The health of local economies depends to a large degree on financial education.
- Financial literacy programs and measurement tools must be customized to reflect the habits, customs and value systems of particular countries.
- There is no single problem, which means there is no one single solution.
What are some other challenges you see in addressing Financial Education within your local market?
Posted by: Jason Alderman, Visa Corporate Relations on December 17, 2012 at 9:17 am