Q FM Africa's Modern Radio
Bank of Zambia Governor Dr Denny Kalyalya has disclosed that digital migration has resulted in the increase in financial inclusion from 37.3% in 2009 to 69.4% in 2020.
Speaking during the 10th commemoration of the financial literacy week under the theme:”BUILD YOUR FUTURE,BE MONEY SMART” Dr Kalyalya says the use of digital platforms in the financial sector is expected to enhance revenue collection for the treasury.
He has since called for continued innovation in the financial sector for it to make meaningful contributions.
Dr Kalyalya has also stressed that financial literacy is of great importance for the young people whose future is in their hands.
Speaking earlier, Bankers Association of Zambia Chairperson Mizinga Melu has challenged parents to impart the idea of saving in their children at an early age.
Ms Melu who is also ABSA Bank Zambia Managing Director says the idea of financial literacy is for everyone.
And ZED Kidpreneur Chief Executive Officer Chimfwembe Mulenga stressed the need to include children in financial literacy to help inculcate habits of saving.