2. Why Youth? Why Now?
•
Today’s global youth population is largest in
history of world.
•
1.5 billion people between 12 and 24.
•
1.3 billion of them live in developing countries.
•
Youth comprise more than 50% of the population
in some developing countries.
3. Global Youth Unemployment
•
620 million unemployed youth (15-24)
•
Adult -Youth Unemployment Globally - 1:2.8
•
North Africa – 3.8
•
SE Asia/Pacific – 5.0
4. Designing YFS: How are youth-inclusive
financial services unique?
Slight modifications to terms
and conditions
Complementary non-financial
services
Delivery channels and
marketing techniques
5. Socio-Economic Case for Serving Youth
•
Young people are economically active
•
Young people need savings
•
Young people borrow money
•
Existing youth clients demand more personalized services
•
Young people need to learn while they are young
•
Young people are an investment
6. Business Case for Serving Youth
•Building brand identity
•Increasing client satisfaction/retention
•Cross- selling
•Corporate Social Responsibility (CSR)
•Not ceding market share to competitors
7. The Way Forward
•
•
•
More youth-friendly banking policy and regulation
Increased funding and advocacy for product
experimentation
More research on what works
