Increasing Kids Financial Capability Through Innovation

PRESS RELEASE
FOR IMMEDIATE RELEASE
September-30-2014

Child & Youth Finance International’s 3rd Annual Regional Meeting for Europe and Central Asia (ECA) will bring together policy-makers and financial service providers to discuss innovative ways to increase children and youth’s financial capability.

Amsterdam, the Netherlands– Child and Youth Finance International’s (CYFI) 3rd Annual Regional Meeting for Europe and Central Asia (ECA) will be hosted by the National Bank of the Republic of Macedonia in Skopje, Macedonia from October 2-3, 2014. Regional leading policy-makers, financial institutions, experts, practitioners and innovators who are engaged in the issues of children and youth’s financial access, financial inclusion and financial education, employability and entrepreneurship opportunities will attend to share success stories and challenges. The objective of the meeting is to strengthen and align financial inclusion, Economic Citizenship Education and entrepreneurship initiatives for youth in the region.

Senior representatives from Ministries of Education, Ministries of Finance, Central Banks, children's rights organizations, multi-lateral agencies, and educational and financial institutions are confirmed to attend.

MasterCard and CYFI share the belief that enabling financial inclusion and economic citizenship education for children and youth is critical for a more inclusive economy. Without this access, young people can’t save or invest in their future.

“In January this year, MasterCard formed a strategic partnership with CYFI with the goal to advance financial capabilities of children and youth. We are honored to bring our expertise and experience to this partnership. At the same time, MasterCard and CYFI acknowledge the key role that public-private-partnerships can play in furthering this goal, and we are committed to working together with businesses, governments and NGOs. MasterCard’s participation in this year’s CYFI regional meeting in Skopje is aimed at demonstrating that financial institutions have the opportunity to make a difference for youth, and that considering youth as stakeholders in financial education and product development is paramount to shaping the future of a cashless generation,” explains Artur Turemka, General Manager, Balkans, MasterCard, who will present on the best practices and policy recommendations for increasing financial capability for children and youth. In this session, he will be joined by high-level representatives from UNICEF, the G20-GPFI Turkish presidency, and central banks from the region.

Banking a New Generation: Developing Responsible Retail Banking Products for Children and Youth is a guide co-published by MasterCard and Child and Youth Finance International (CYFI). Created to help financial institutions, NGOs and governments co-create appropriate and innovative banking and payment products for children and youth, the guide will be distributed to multi-sectoral participants attending the Regional Meeting.

CYFI and the National Bank of the Republic of Macedonia are honored to announce the following confirmed speakers:

  • Mr. Dimitar Bogov, Governor, National Bank, Macedonia
  • Mr. Zoran Stavreski, Minister of Finance, Macedonia
  • Mr. Dime Spasov, Minister of Labor and Social Policy, Macedonia
  • Mr. Vahdettin Ertas, Chairman, Capital Market Boards of Turkey
  • Ms. Eija Hietavuo, UNICEF
  • Ms. Susana Narciso, Banco do Portugal
  • Ms. Kristina Nikolovska, National Bank of the Republic of Macedonia
  • Mr. Artur Turemka, General Manager, Balkans, MasterCard
  • Ms. Aysen Kulakoglu, Head of Department, Chair G20-GPFI Turkish presidency, Under Secretariat of Treasury, Turkey

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Note to Editors:
MasterCard’s Ms. Louise Entwistle, Government and Public Sector Market Development Europe; Ms. Ana-Maria Pochi, Account Manager Romania; and Mr. Rohnny Swennen, Business Leader, Global Youth Product Development; along with CYFI’s Innovation Manager Ron van den Akker, will lead a session on innovative solutions for increasing financial inclusion and financial education of children and young people through low cost, secure and scalable quality banking products.


Links and Information

The full Meeting Agenda can be found here

Press Releases are released on schedule and can be found here: Wednesday, September 24 – Pre-meeting Monday, October 6 – Meeting Summary Social Media

Relevant Social Media Accounts:
@MasterCardNews | @ChildFinance | @ChildfinanceCIS

CYFI Europe & Central Asia Regional Meeting Hashtags:
#CYFIMacedonia |#CYFIYouth

Other related Hashtags:
#finlit |#entrepreneurship |#youth| #financialeducation | #financialinclusion


About MasterCard

MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.


About Child and Youth Finance International

Child and Youth Finance International (CYFI) aims to develop a generation that will be able to prevent future financial crises by increasing the financial education, financial access, employability, and entrepreneurship skills of children and youth.

Launched in April 2012, the Child and Youth Finance Network has already expanded to 125 countries and reached more than 18 million children. Our international and regional events result in policy changes, and are the only events in the world where children contribute to setting the global agenda.

Website: www.childfinanceinternational.org
Facebook: facebook.com/ChildFinance
Twitter: twitter.com/ChildFinance


Press Contacts

For further information about any of the mentioned events and/or Child & Youth Finance International, please contact:

Aleksandar Dimishkovski: This email address is being protected from spambots. You need JavaScript enabled to view it.
+389 70 742 503
Jelena Dasic: This email address is being protected from spambots. You need JavaScript enabled to view it.
+381 63 119 1091

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Thursday, 18 July 2019