{"id":22742,"date":"2019-09-26T13:54:48","date_gmt":"2019-09-26T13:54:48","guid":{"rendered":"https:\/\/www.englishforums.com\/news\/?p=22742"},"modified":"2019-09-26T13:54:48","modified_gmt":"2019-09-26T13:54:48","slug":"financial-education-digital-payments","status":"publish","type":"post","link":"https:\/\/www.englishforward.com\/news\/financial-education-digital-payments\/","title":{"rendered":"Financial education key to digital payments boom"},"content":{"rendered":"<p><b>According to Ver\u00f3nica L\u00f3pez Sabater, the director of the <\/b><a href=\"http:\/\/www.fundacionafi.org\/Default.asp?\" target=\"_blank\" rel=\"noopener\"><b>International Financial Analysts Foundation<\/b><\/a><b> (AFI), quality financial education is a necessary ingredient for the continuous development of digital payment systems and services.\u00a0\u00a0<\/b><br \/>\n<span style=\"font-weight: 400;\">While technology is developing rapidly, and new digital solutions emerge by the minute, most innovative digital payment system requires a certain level of financial education, in order to serve their full potential to users.\u00a0<\/span><br \/>\n<b>Consequently, Ms. Sabater is an advocate for the bettering of financial education globally.\u00a0<\/b><\/p>\n<h2><span style=\"font-weight: 400;\">Financial education for the future<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">According to Ms. Sabater, digital payments are becoming increasingly popular as they offer a number of benefits over cash.\u00a0<\/span><br \/>\n<b>Most notably, the lack of a physical object tied to currency brings efficiency and longevity, as long as cost-reduction.<\/b><span style=\"font-weight: 400;\"> However, in order for digital payments to become as widely accepted as cash payments, financial education globally should improve.\u00a0<\/span><br \/>\n<span style=\"font-weight: 400;\">Not only that, but Ms. Sabater also called for the improvement of digital education on a global scale.<\/span><b> According to her, the world is going to become increasingly more digital, and for the young generation to be able to keep up with that, courses on digital topics should be introduced in secondary and higher education.\u00a0<\/b><\/p>\n<h2><span style=\"font-weight: 400;\">Financial technology<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Financial technology, or Fintech, is a popular term these days.<\/span><b> While it may sound pretty straight-forward, Fintech actually encompasses a myriad of applications and payment systems.<\/b><span style=\"font-weight: 400;\"> Not only that, but Fintech also includes the underlying technology used for managing the financial operations of enterprises and corporations worldwide.\u00a0<\/span><br \/>\n<span style=\"font-weight: 400;\">Considering the importance of Fintech, and its integral position in global business, education in this sphere should catch up.\u00a0<\/span><br \/>\n<span style=\"font-weight: 400;\">Thankfully, initiatives like the FinTech School are developing programs and scholarships dedicated to financial education. Not only that but the school is actually looking to promote Fintech education for women and has developed a special<\/span><a href=\"https:\/\/www.englishforums.com\/news\/fintech-education-scholarship-women\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\"> scholarship program for female students<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><br \/>\n<b>Financial technology is indeed taking over the business world, and the global economy, which is why financial education should develop accordingly as well.\u00a0<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Ver\u00f3nica L\u00f3pez Sabater, the director of the International Financial Analysts Foundation (AFI), quality financial education is a necessary ingredient for the continuous development of digital payment systems and services.\u00a0\u00a0 While technology is developing rapidly, and new digital solutions emerge by the minute, most innovative digital payment system requires a certain level of financial [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":22744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[24],"tags":[],"_links":{"self":[{"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/posts\/22742"}],"collection":[{"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/comments?post=22742"}],"version-history":[{"count":0,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/posts\/22742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/media\/22744"}],"wp:attachment":[{"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/media?parent=22742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/categories?post=22742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/tags?post=22742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}