Two new initiatives designed to help young Malaysians improve their financial literacy through interactive gameplay were launched by Visa
The first initiative is a local financial literacy program in partnership with GProvision. The program will include a combination of educational talks, gameplay using a board game, and discussions at 10 universities and colleges in Malaysia. The three-month program will run until year-end and will help young undergraduates who are seeking ways to make informed and effective decisions regarding their personal finances.
Whilst Money Quotient is a board game which enables youths to experience real-life simulated scenarios to encourage creative learning on financial concepts. The game highlights the core areas of financial planning, such as money management, investment planning, risk management, and tax, retirement, and estate planning. This board game also covers the different stages of financial planning, starting from the foundation years, acquisition and accumulation years, and retirement.
The second initiative is the global launch of Financial Football, Visa’s interactive and free to use educational video game that can help teach young people, adults and small business owners money management skills like budgeting, saving and the wise use of credit. First introduced in 2005, the game consists of the player answering multiple choice and true or false questions about financial literacy to move the ball down the pitch.
“Visa is committed to promoting financial literacy and empowering financial freedom among Malaysian youth. With the rapid development of financial technology and the ever-changing digital landscape, we want to support young Malaysians to be equipped with the knowledge and confidence to manage their finances and we believe the best way to do this creatively is using a gameplay approach,” said Ng Kong Boon, Visa Country Manager for Malaysia
“The launch of Financial Football and the onsite sessions in local universities to conduct financial literacy boardgame sessions will empower young Malaysians to increase their knowledge on money management and help them to be financially savvy when they enter the workforce,” Ng added.
These two initiatives are part of Visa’s broader approach to driving financial education, which also includes the recently completed program Accelerate My Business in partnership with The Asia Foundation. The initiative, which featured content from Visa’s Practical Business Skills education platform, that provided over 6,000 women across Malaysia and Indonesia with access to vital digital skills to grow their small businesses.
These initiatives are in line with the National Strategy for Financial Literacy 2019-2023 by Bank Negara Malaysia, and in support of the Financial Education Network, co-chaired by Bank Negara Malaysia and Securities Commission Malaysia to promote financial literacy in the country.
