Cape Town, South Africa// – Paymentology, the leading global issuer-processor in empowering banks and top-performing fintechs with advanced payment solutions, has teamed up with Blackbullion South Africa, a leading financial literacy platform.
The partnership is aimed at promoting financial literacy among youth in South Africa by sponsoring young people from Amathuba Collective on the Blackbullion South Africa platform.
Amathuba Collective is a social enterprise that directly serves and impacts youth from urban under-resourced, instable communities by means of creating supportive ecosystems, fostering mental health, and improving family economic stability through economic participation and financial inclusion.
Paymentology is committed to improving the financial wellbeing of people around the world, and this partnership is one step towards that goal.
As part of Paymentology’s Changing Lives Programme, this sponsorship is providing young people with the financial knowledge and skills they need to succeed in life.
“We are proud to partner with Blackbullion South Africa to promote financial literacy among youth,” Paymentology head of Programme Management & Sustainability, Drisha Kirkman said.
“Many young people in South Africa do not receive the financial education they need to make informed decisions about their finances.
This lack of financial literacy can lead to poor financial decisions, debt, and other financial challenges that can have long-lasting impacts. We are committed to improving financial literacy amongst South African youth as it is essential for success in life.”
Blackbullion South Africa is a leading financial education platform that provides young people with access to interactive courses and tools to help them develop the skills they need to manage their finances, Kirkman explained.
The platform is designed to be engaging, easy to use and low in data usage, making it ideal for youth in South Africa. “We believe that financial education is a crucial step towards creating a more equitable society, and we are thrilled to partner with Paymentology to make that a reality for youth from the Amathuba Collective”, WaFunda CEO, Leana De Beer said.
WaFunda is a for-profit social enterprise that delivers a localised version of Blackbullion, a UK based education platform, to the South African market.
“By sponsoring access for youth to our platform, Paymentology is helping to ensure that more young people receive the tools and resources they need to achieve upward financial mobility, which helps us in our mandate of driving impact at scale”.
