Peoples Bank’s Post

Financial inclusion is one of our priority areas at the #MauritiusBankersAssociation. On the occasion of the International Day of Persons with Disabilities, which will be celebrated on December 3, 2023, here's a reminder that you may consult our interactive Accessibility Map of bank branches, and ATMs, to identify those with special accessibility features: https://lnkd.in/dVNeRcVK All bank branches provide a dedicated service for guiding customers with specific needs, while a fast-tracking counter is available, in most branches, for customers requiring special assistance; as part of banks' initiatives for fairer growth. #disabilityinclusion #accessibility #banking #banks #specialneeds

How is the digital age reshaping the way financial institutions approach community reinvestment? Discover in our latest blog how the Community Reinvestment Act (CRA) is evolving to meet the challenges of digital banking. From its origins in 1977 to its modern adaptation, the CRA is taking significant strides to ensure inclusive and equitable community development in the era of online and mobile banking. Explore the details of this transformative journey and its impact on financial institutions and communities: https://lnkd.in/drBmFSvn Interested in aligning your strategies with the updated CRA? Book a FREE strategic session with our experts to navigate these changes: https://lnkd.in/gthnrri #RADDLLC #CRA #DigitalBanking #CommunityReinvestmentAct #FinancialInclusion

The shift towards a ‘cashless society’ is disproportionately impacting older Australians who struggle with technology and online banking, raising concerns about digital exclusion. Many are not comfortable with online transactions due to technological issues and fears of scams. Cash is their familiar and preferred method of payment. While online facilities offer convenience, they also present risks during outages and disasters. As cash usage declines, access points to withdraw physical money are also decreasing, leaving consumers with limited options. National Seniors is advocating for the accessibility, circulation, and acceptance of cash to prevent digital exclusion of older Australians. Support our ‘Keep Cash’ campaign at: https://bit.ly/Keep-Cash

Although many banks and credit unions look at rivals to see how they match up, non-banking apps actually influence consumer expectations more fundamentally. In her latest Javelin report, Lea Nonninger highlights best practices from more than a dozen non-banks in the U.S. and Europe that can help FIs specifically with one of their biggest needs: increasing engagement in four important ways. Javelin Strategy & Research Escalent Jacob Jegher Emmett Higdon Dylan Lerner Gregory Magana #mobilebanking #digitalengagement #gamification #notifications #proactiveengagement

🏦 Neobanks shook up urban finance, but what about rural America? 🌄 Uncover the challenges of limited digital access and how community financial institutions can step up to bridge the credit gap. #RuralBanking #CCGInsights #BankingResearch Tackling Credit Invisibility in Rural Communities- By: Tyler Brown https://lnkd.in/gsz8ZwbD

Millennials created the need for digital banking 15 years ago. As parents, they will now reshape the family banking landscape. Watch a conversation between David Larson, Affinity Plus Federal Credit Union CEO, and Alexey Krasnoriadtsev, BankingON CEO to learn what big banks and fintechs are up to, and why Credit Unions are betting large on family banking this year. 🎥 Link to full video: https://lnkd.in/g4AsnaxY #familybanking #youthbanking #creditunions

The declining use of cash particularly affects the elderly and rural dwellers, says MP Chris Loder, but new regulations aim to protect access to cash. Over the last few decades, we have seen a fundamental shift in the patterns of personal banking. Cash has dominated our financial behaviour for centuries, but it has been overtaken in less than 40 years by the popularity of credit and debit cards – and, recently, contactless payments... Chris Loder MP West Dorset Conservatives The Conservative Party #community #politics #news #publicinterest #localpolitics #consumerissues #dorset #westdorset #cashlesssociety #banks #thebv #bvmagazine

The declining use of cash particularly affects the elderly and rural dwellers, says MP Chris Loder, but new regulations aim to protect access to cash. Over the last few decades, we have seen a fundamental shift in the patterns of personal banking. Cash has dominated our financial behaviour for centuries, but it has been overtaken in less than 40 years by the popularity of credit and debit cards – and, recently, contactless payments... Chris Loder MP West Dorset Conservatives The Conservative Party #community #politics #news #publicinterest #localpolitics #consumerissues #dorset #westdorset #cashlesssociety #banks #thebv #bvmagazine

Exciting Announcement 🚀 Paymentology and Mastercard have announced a partnership to boost financial inclusion in Northern Central America! The partnership will provide technology, expert support, and efficient processes to new financial institutions and fintechs in the region, helping them to reach more people with affordable and accessible financial services. This is a major step forward for financial inclusion in the region, which has been hampered by a lack of access to traditional banking services. According to a recent Mastercard and Americas Market Intelligence (AMI) study, 21% of adults in Northern Central America still rely exclusively on cash, and only one in four banked adults possess a debit or credit card. Great signs for the financial future of many in our region. You can read the full article here: https://buff.ly/3s9cSul #fintech #partnership #financialinclusion