In-depth Insights with Al | Banking on the Kids

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In the latest In-depth Insights snapshot with Al, Our CDO, Alan Shields details key  drivers on Youth Banking.

RFi Group’s latest Australian Youth Banking Study finds that by the time a child reaches the age of five, four in ten parents have opened an account for their child and that this rarely changes over the next five years.

RFi’s data shows that fintech adoption and usage is much higher in many of the Asian markets relative to other markets, with China and India leading the way among banked consumers. Indeed, fintech usage in China and India now accounts for over 90% of the urban banked population and this is growing rapidly in Hong Kong and Singapore.  

For more, read Alan Shields In-depth Insights here.

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