Mobile Phones for Microsavings: Can Mobile-Enabled Savings Products Bridge the Youth Financial Services Gap?
Monday, April 29, 2013
1. Are mobile phones the most effective tools to reach youth?
2. Do the lessons learned around adult access and usage of mobile phones apply to youth?
3. How do we bridge the gap between financial services and youth in strict regulatory environments which limit their access to basic tools like SIM cards?
Monday, April 22, 2013
"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 here."
Wednesday, April 10, 2013
We hope you will participate in this brief 10-15 minute, confidential survey as an opportunity to find out what your peers think about:
How low-income youth use mobile phones.
Which tools currently offer the greatest opportunity for success, both now and in the future.
Whether youth and adults have differing needs regarding mobile technology.
What the greatest obstacles are to using technology to achieve financial inclusion and capabilities.
"Measure Twice, Cut Once" Blog Series Post #2: Getting to Know You(th): How Piloting Allowed HFC Bank to Sharpen Its Value Proposition for Young People
Tuesday, April 2, 2013
"It was clear from the pilot that kids wanted to save – even after the initial three-month restriction on withdrawals had expired, those accounts registered only 7 withdrawals as opposed to 470 deposits in the first three and a half months following the pilot test launch. In this way, said Christine Kwaning, then manager of the Ashaiman branch, the pilot 'gave us an opportunity to know that there are people who desire to save for the future but do not know how to go about it.”