"Over the next week, we will delve into the buzz around mobile phones as an accelerator of youth financial inclusion, and consider the realities that might temper our enthusiasm..."
"YouthSave pilots were designed to answer three main questions: Would young people actually open the kinds of accounts the market research had said they wanted? What kinds of balances would youth keep in these accounts, and how often would they transact? How did youthsavers think and feel about their experience with the accounts?"
Last week, the Consultative Group to Assist the Poor (CGAP) hosted a webinar entitled “Exploring the Business Case for Youth Savings,” which brought together leaders from global savings initiatives to discuss the market conditions, considerations and motivations that banks face when implementing youth savings programs.
At the webinar, CGAP unveiled its draft Business Case Framework for Youth Savings, which provides development professionals a tool to better understand the business decisions behind youth savings. CGAP presented the framework in order to solicit continued feedback. The framework organized the various situations that financial service providers might face into four illustrative scenarios that varied by levels of competition, opportunity cost and time horizon.
"Our friends at the Global Financial Inclusion Initiative (GFII) at Innovations for Poverty Action (IPA) have announced that they will offer research funding to support projects analyzing the effectiveness of innovations in the field of financial inclusion. EOI submissions are solicited."