By Alejandra Montes and Dasha Kosmynina, Save the Children
At the second annual Child and Youth Finance International(CYFI) Summit awards ceremony last week in Istanbul, Colombia received an award for Global Money Week 2013, a week long set of activities in which “children and youth from across the world learn about saving, banking, giving back to the community and sparking their entrepreneurial spirit,” organized by the CYFI movement. According to CYFI, 80 countries, 185 institutions, and 1 million children officially participated in over 1000 organized activities throughout Global Money Week, which ran from March 15 to 21, 2013.
Blog Post: Mobile Phones for Microsavings: Can Mobile-Enabled Savings Products Bridge the Youth Financial Services Gap?
Originally posted on the Center for Financial Inclusion Blog.
By Julia Arnold, New America Foundation
Global Assets Project, New America Foundation
In her post, Monique Cohen points out some of the most common assumptions about how youth in developing countries use mobile banking and mobile phones. These assertions, some tantalizing and many requiring further substantiation, suggest that more research needs to be done in order to effectively market mobile banking and other mobile-enabled services to youth. New America Foundation has developed a survey as a means to investigate some of these assumptions. We invite you to share your thoughts on youth financial services and mobile technology in our survey here.
Originally posted at Child & Youth Finance International Blog
Technology, particularly mobile phones, seems poised to rapidly increase access to financial services in developing countries at a time when youth populations are exploding. Some view this as a natural mutually-reinforcing relationship in which mobile access can drive youth empowerment and vice versa. At the same time, there is still much to learn about the contours and intersection of technology and youth access, usage, and development.