S1 EP7 - How GSMA and Visa are advancing Digital Financial Literacy in Africa

The adoption of digital financial services, or DFS has created significant impact for underserved communities across the world. The United Nations states that inclusive digital financial services have allowed individuals to store and increase savings, cope with unexpected economic shocks, access social benefits more cheaply, and make investments in economic opportunities that can lead them out of poverty. However, whilst the adoption of DFS has the potential for transformative impact, digital financial literacy is a critical topic that needs to be addressed to ensure that individuals can use these platforms and tools safely. In Episode 7 of the Financial Inclusion Unlocked podcast, we met leading experts to discuss the topic in more detail and learn how GSMA and Visa are collaborating on a new Digital Financial Literacy (DFL) initiative in Kenya and Senegal.Guests:- Panos Loukos, Director - Financial Inclusion at GSMA- Jenelle Harris, Head of Financial Education at VisaThe episode covered:Introduction to Digital Financial ServicesThe Role of GSMA in expanding Digital Financial LiteracyVisa's Commitment to Financial EducationCollaboration in Kenya and SenegalLocalization and Cultural Relevance in Content DeliveryGamification and IncentivesPanos Loukos:Panos is Director, Financial Inclusion for the GSMA Mobile Money and AgriTech programmes. He leads GSMA’s partnership with Visa that has the objective to develop mobile-enabled financial education and drive scale among the unbanked and underserved in low- and middle-income countries. Panos also leads AgriTech’s insights function and is responsible for developing and delivering the programme’s learning agenda. Before joining the GSMA in 2015, Panos spent several years in leading analyst and consultancy firms with a special focus on mobile operators’ digital strategies. Panos holds a Master’s degree in Plant Science from Imperial College London and an MBA degree from the University of Manchester.Jenelle Harris:Jenelle is an Atlanta-based social impact strategist leading Visa’s Financial Education program. Prior to joining Visa, Jenelle led consulting teams as a Senior Manager with The Bridgespan Group, a social sector advisory firm. Driven by her commitment to contributing to a more just and equitable world, Jenelle began her career in education, including several years as a middle school teacher. She received her MBA from UC Berkeley Haas.For further information on the initiatives discussed in the episode, visit:GSMA Resources:Mobile Money ProgramMobile for DevelopmentVisa Financial Education Resources:Practical Money Skills: Practical Business SkillsFinancial Inclusion Unlocked is a podcast on a journey to learn how we can unlock the potential of financial inclusion as an enabler for the 17 UN SDGs. This show is produced by SIJ Media, and Series 1 is sponsored by SCBF.Join our community and access exclusive content for this episode on Linkedin.Connect with host Jack Farren on Linkedin or [email protected]