The Student Card issued by Belarusbank has won the Child Friendly Banking Award at Global Inclusion Awards 2016 ceremony as the best banking product for children and youth.
Global Inclusion Awards unites banks and financial institutions that contribute to the growth of financial literacy. The winners need to demonstrate advanced approach to the financial education of children, financial inclusion of various social groups, including the youth, socialization, expanded access to financial services, as well as support of entrepreneurship among the younger generation.
The contest was initiated by Child & Youth Finance International (CYFI), an international organization that praises innovative banking products for children and enhanced financial inclusion of children and youth.
This year’s competition gathered contestants from 60 countries. Belarus, Russia, the UK, Poland, Georgia and Zimbabwe qualified for the final.
The Student Card is a non-commercial project, the purpose of which is to ensure the availability of high quality education services and resources.
The project was implemented by Belarusbank and ID Systems Center of the National Science Academy of Belarus in association with the relevant education system bodies. The Student Card was tested in a few pilot education institutions in Minsk with the support of the Education Committee of the municipal administration.
The Student Card is a multifunctional contactless document of the education system designed for secondary and vocational school students. The Student Card is used to provide services to students with the help of information systems of education institutions, cities and towns and the country as a whole. For example, the Student Card can serve as an digital entry badge at schools, libraries, as user’s ID in a computer lab or as a travel ticket in municipal passenger transport.
The Student Card is linked to a bank card of BELKART payment system which is issued by Belarusbank as a fully featured payment instrument inside the Republic of Belarus. The card is given to a student for the period of general secondary education.
Reference: Child & Youth Finance International (CYFI) was founded in 2011 in the Netherlands to provide children and youth around the world with access to financial services and enhance their financial awareness. Belarus was among the first countries of Eastern Europe to join Global Money Week, which has become the world’s largest financial literacy campaign for the younger generation.
Belarusbank joined Child and Youth Finance International partnership network in 2015. The bank’s work with children and youth is highly appreciated by CYFI.
Belarusbank press service