By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Toyota Egypt Group, Edraky LLC celebrate successful first implementation of phase 1 SAP S4 Hana & Proaxia VSS globally
    Toyota Egypt Group, Edraky LLC celebrate 1st implementation of phase 1 SAP S4 Hana & Proaxia VSS globally
    June 8, 2023
    Opinion| Will the BRICS group give a lifeline to the Global South against the dominance of the US dollar?
    Opinion| Will the BRICS group give a lifeline to the Global South against the dominance of the US dollar?
    June 8, 2023
    AUR Capital concludes second securitized bond issuance of EGP 1.124bn 
    AUR Capital concludes second securitized bond issuance of EGP 1.124bn 
    June 8, 2023
    Matouk Bassiouny & Hennawy consults on more than 18 deals currently: Founding partner
    Matouk Bassiouny & Hennawy consults on more than 18 deals currently: Founding partner
    June 8, 2023
    Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022
    Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022
    June 8, 2023
  • Politics
    PoliticsShow More
    Opinion| The suspension of Russia's participation in the START Treaty portends an imminent nuclear war
    Opinion| The suspension of Russia’s participation in the START Treaty portends an imminent nuclear war
    June 8, 2023
    Israel's neglect of Palestinian issue threatens regional, global security: Palestinian Foreign Ministry
    Israel’s neglect of Palestinian issue threatens regional, global security: Palestinian Foreign Ministry
    June 8, 2023
    Renewed clashes erupt in Sudan’s Omdurman, Khartoum
    Renewed clashes erupt in Sudan’s Omdurman, Khartoum
    June 8, 2023
    Abdel Ghaffar highlights Egypt’s government achievements in health sector during Africa Health ExCon
    Abdel Ghaffar highlights Egypt’s government achievements in health sector during Africa Health ExCon 
    June 8, 2023
    A legally binding agreement must be reached on GERD: Al-Sisi
    A legally binding agreement must be reached on GERD: Al-Sisi
    June 8, 2023
  • Interviews
    InterviewsShow More
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    May 31, 2023
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    May 25, 2023
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    May 8, 2023
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    April 29, 2023
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    April 18, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: MasterCard celebrates Global Money Week
Share
Notification
Latest News
Toyota Egypt Group, Edraky LLC celebrate successful first implementation of phase 1 SAP S4 Hana & Proaxia VSS globally
Toyota Egypt Group, Edraky LLC celebrate 1st implementation of phase 1 SAP S4 Hana & Proaxia VSS globally
Business Automotive
Egyptian drama and cinema industry: challenges and solutions
Egyptian drama and cinema industry: challenges and solutions
Cinema Culture
Opinion| The suspension of Russia's participation in the START Treaty portends an imminent nuclear war
Opinion| The suspension of Russia’s participation in the START Treaty portends an imminent nuclear war
Opinion Politics
Opinion| Will the BRICS group give a lifeline to the Global South against the dominance of the US dollar?
Opinion| Will the BRICS group give a lifeline to the Global South against the dominance of the US dollar?
Opinion Business
AI outperforms standard risk model for predicting breast cancer
AI outperforms standard risk model for predicting breast cancer
Science
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > MasterCard celebrates Global Money Week
Business

MasterCard celebrates Global Money Week

Daily News Egypt
Last updated: 2014/03/10 at 7:06 AM
By Daily News Egypt 2 Min Read
Share
A survey conducted by the Mastercard Worldwide Insights index between July and August 2014 has found Egyptian consumers to be very optimistic. (AFP Photo)
SHARE
MasterCard has launched its Global Money Week initiative to spread awareness about the importance of children having access to safe financial institutions become "productive economic citizens".  (AFP Photo)
MasterCard has launched its Global Money Week initiative to spread awareness about the importance of children having access to safe financial institutions become “productive economic citizens”.
(AFP Photo)

By Menna Zaki

MasterCard has launched its Global Money Week initiative to spread awareness about the importance of children having access to safe financial institutions become “productive economic citizens”. The celebration will be between the 10 and 17 March to provide a chance for youth to learn about creating their livelihood.

MasterCard said Global Money Week also gives young people the opportunity to think about their “financial future”, with 12.9% of Middle Eastern youth given access to bank accounts at formal financial institutions. Having access to safe financial products and services helps in the development of youth in different aspects socially and financially as it allows them to aim for their goals, the company said. It also helps them along with having access to” proper education and products they need to succeed financially and economically”.

Financial institutions will benefit as well from the initiative, as the banks will be provided the opportunity to build long term relationship with their customers. “Young adults are two times more likely to own savings accounts, two times more likely to own credit cards and four times more likely to own stocks when they have savings accounts as children,” according to a recent University of Kansas study.

The consequences of not addressing the need for secure financial products include financial and social exclusion and higher unemployment, which may lead to over-indebtedness and poverty.

You Might Also Like

Toyota Egypt Group, Edraky LLC celebrate 1st implementation of phase 1 SAP S4 Hana & Proaxia VSS globally

Opinion| Will the BRICS group give a lifeline to the Global South against the dominance of the US dollar?

AUR Capital concludes second securitized bond issuance of EGP 1.124bn 

Matouk Bassiouny & Hennawy consults on more than 18 deals currently: Founding partner

Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022

TAGGED: Daily News, Daily News Egypt, DNE, Finance, MasterCard, MENA, youth
Share this Article
Facebook Twitter Email Print
Previous Article Qatar may face higher costs of hiring foreign workers: IMF
Next Article Government will not cut energy subsidies: Prime minister
3 Comments

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Toyota Egypt Group, Edraky LLC celebrate successful first implementation of phase 1 SAP S4 Hana & Proaxia VSS globally
Toyota Egypt Group, Edraky LLC celebrate 1st implementation of phase 1 SAP S4 Hana & Proaxia VSS globally
Business Automotive
Egyptian drama and cinema industry: challenges and solutions
Egyptian drama and cinema industry: challenges and solutions
Cinema Culture
Opinion| The suspension of Russia's participation in the START Treaty portends an imminent nuclear war
Opinion| The suspension of Russia’s participation in the START Treaty portends an imminent nuclear war
Opinion Politics
Opinion| Will the BRICS group give a lifeline to the Global South against the dominance of the US dollar?
Opinion| Will the BRICS group give a lifeline to the Global South against the dominance of the US dollar?
Opinion Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?