Lifting youth participation through financial inclusion
Published version
Peer-reviewed
Repository URI
Repository DOI
Change log
Authors
Abstract
There are many financial services and products on offer and the young people surveyed have access to a number of these. More than half (51%) of young people in the survey have a bank account, 44% used mobile money, 43% used electronic payments, and 30% received transaction history and payment statistics - but they also say that they prefer not to use most financial services and products. Young people tell us it is because what is available does not meet their needs, mainly by being too costly and too far away. In many cases young people perceive the mix of barriers to be too high to even contemplate accessing and using what is on offer.
Description
Keywords
financial inclusion, financial services, lower income countries, survey, young people
Is Part Of
Publisher
Business FIghts Poverty and Murray Edwards College