Visa’s Blog – Visa Viewpoints


Dec 6, 2012


Exploring the challenge of financial education across emerging economies

The volatile economic environment and its impact on the most vulnerable communities have underlined the increasingly important role of financial literacy as key skill that can help assure personal financial security, wealth-building, and financial inclusion for those still outside the banking system. Financial education can be the difference between surviving and thriving.

But what is the best way to provide this form of education, taking into consideration the different cultural and market development needs? Which channels are most productive and what policies should regulators put in place to support financial literacy initiatives? What types of partnerships are needed between the public sector, private financial institutions, academia and civil society to ensure that financial education programmes achieve their desired outcome? How are programmes customised for different financial levels, age groups, life cycles and specific financial challenges?

Through a series of lunch forums, Visa and the Financial Times have gathered policy-makers, educators, financial service providers and other experts and thought leaders to discuss how to optimise the provision of financial education in different emerging economies – the basic foundations that have to be in place, and the regional characteristics that need to be addressed, both in terms of programme development and the channels used to maximise reach and impact.

The series will culminate this week in the Philippines at the ninth Citi-FT Financial Education Summit, the most established annual international conference on financial capability, co-sponsored by Visa.


Posted by: Jason Alderman, Visa Corporate Relations on December 6, 2012 at 5:15 pm

Jul 5, 2012

Millennials Believe in a Cashless Future

Let’s take a moment to envision the future – flying cars, hover boards, cars that run on oxygen instead of petrol. Impossible? Maybe not but with new technology and creative minds, the impossible keeps becoming possible everyday.

In fact, even today, many often think that a totally cashless world is impossible. But when we spoke to 18 to 28 year olds in a recent survey – the Visa Connecting with the Millennials study – a large majority of them believe the future will be a cashless one.

With online shopping, mobile banking and virtual games already at our fingertips, it’s not difficult to envision a near future where payments can be made at a click, wave or tap with nary a paper bill or coin in sight. Be it for shopping or bill payments, eight in 10 Millennials believe that they will one day be able to do this all online.

Millennials today are already leading a digital life, with sixty three percent of respondents saying that they currently make online transactions on their personal computers or laptops, and nineteen percent on their mobile phones.

The continued convergence of web, mobile and social networks is revolutionizing the way people shop and pay. With Visa payWave now on more NFC-enabled mobile phones, and a burgeoning infrastructure in place to support the development and acceptance of NFC mobile payments, it seems the stars are aligning – confirming the very real possibility of a cashless future.

Take a look at the video below and hear for yourself what these Millennials from India, South Africa and Singapore think about financial management, payments and life in general here:

For the full report on Visa’s Connecting with the Milliennials study and additional details on the study, please visit:


Posted by: Jag Mistry, Corporate Relations, Visa Inc. on July 5, 2012 at 9:45 am

Nov 19, 2010

India – Bringing Banking to the Un-banked

Currently in India, the vast majority of many residents simply do not have access to basic banking services. One of the greatest challenges for the government is ensuring that all of its citizens are able to access these services—the concept of financial inclusion is a key focus and fundamental principle of the Indian government. It helps facilitate economic growth, it allows the un-banked for the first time—in many instances—to be able to effectively save, access credit, efficiently pay for goods and services (as well, in the case of merchants to be paid),  and it offers the added benefit of reducing fraud and increasing tax revenue.


Posted by: Uttam Nayak, Group Country Manager, Visa Inc. on November 19, 2010 at 9:24 am