Fostering financial literacy among pensioners in the digital age

The Malta Bankers’ Association (MBA) and ĠEMMA, in collaboration with the National Association of Pensioners (NAoP), launched a pilot project on October 17 aimed at fostering financial literacy in the digital age among pensioners in Malta.

This project consists of four weekly two-hour sessions by industry professionals from the MBA’s members who will cover three topics from a financial literacy

perspective, while the final one will be an information session by ĠEMMA’s representatives on social benefits.

All sessions so far were held at the Paola local council between 9 am and 11 am and were conducted in the format of an informal social gathering, complemented by refreshments. The feedback resulting from this pilot project will subsequently be assessed by both the MBA and ĠEMMA with the aim of implementing a more comprehensive financial literacy programme for senior citizens, in the coming months in other local councils.

The first interactive session was held on October 17 and consisted of an introduction to the principles underlying online and mobile banking. The second session, held on October 24, introduced attendees to key principles which they should adopt to protect...