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Brands Have a Responsibility to Educate Young Adults About Debt, Says CALM and MoneySuperMarket

The Fintech Times

Over half (62 per cent) of young adults think financial and retail brands don’t do enough to help them understand the risks around credit, despite 56 per cent believing financial brands actively encourage young people to take on loans or credit, according to new research conducted by media agency UM.

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Is Vietnam Undergoing a Cashless Revolution?

Fintech News

Vietnam is undergoing a transformation and moving towards becoming a cashless economy, a shift that has been driven by innovative financial solutions and public initiatives, a new report by Chiming, a market research firm focusing on Vietnam and Indonesia, shows. appeared first on Fintech Singapore.

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Zogo: How A 21-Year-Old Duke University Grad Is Reinventing Financial Literacy

PYMNTS

But Li said that what sets Zogo apart is its realization that learning to be financially literate isn’t as immediately appealing as, say, learning to speak French. He said that while financial literacy will net one a lot of money over a lifetime in terms of dollars saved and optimized, that’s not a benefit that people feel immediately.

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Capital One Uncovers Extent of US Consumers’ Digital and Financial Literacy 

The Fintech Times

New research has been released by Capital One Insights Center , the research facility for the America-based bank, revealing the extent of consumers’ digital and financial literacy. The Capital One research shows some promising signs and some causes for concern simultaneously.

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DailyPay Commemorates Financial Literacy Month By Renewing Partnership With The Coordinated Assistance Network (CAN)

Fintech Finance

DailyPay’s platform is offered by many of the world’s leading employers to their millions of workers as a financial wellness benefit. Research conducted on behalf of DailyPay shows that employees who leveraged DailyPay were better positioned to pay bills on time, avoid late fees, and avoid accumulating credit card debt.

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FinTech Australia Calls for Government Intervention to Avoid a ‘Two-Speed’ Fintech Ecosystem

The Fintech Times

” DAlmeida says that the trend is “especially concerning” as new innovative fintechs are beginning to unveil new ways to improve financial literacy and competition in Australia. Many of the financial technologies we use daily in Australia are not available in other developed countries.

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Pay.UK Highlights Demand for Financial Literacy Initiatives as 71% Don’t Understand Savings Accounts

The Fintech Times

For people to ensure the best financial outcomes for themselves, and to minimise the dangers of getting into a hole they can’t get out of, financial literacy is critical. Financial literacy alone doesn’t always safeguard individuals from financial difficulties.