Visa has launched two new initiatives designed to help young Malaysians improve their financial literacy through interactive gameplay.
The first initiative is a local financial literacy program in partnership with GProvision, a gamification-based financial literacy educational institution.
The programme will include a combination of educational talks, gameplay using a board game called Money Quotient, and discussions at 10 universities and colleges in Malaysia.
The three-month programme will run until year-end and will help young undergraduates who are seeking ways to make informed and effective decisions regarding their personal finances.
Moreover, the board game will enable 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.
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.
New features in the latest version of Financial Football include men’s and women’s teams and tournaments as well as personal finance and small business game modes.
For the first time, the game will include a second mode for small business owners that features questions on starting and managing a business, budgeting and more. The personal finance track will feature questions on topics like crypto currencies and the wise use of credit.
The game will be available on-the-go and can now be downloaded for free via iOS and Android mobile app stores.
“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,”
said Ng Kong Boon, Country Manager for Malaysia at Visa.
Featured image credit: edited from Unsplash
