Page 161 - Special Topic Session (STS) - Volume 1

STS422 Robin G. et al.
Figure 2: Gender Gap in Savings Distribution Across Different Provinces in 2015

Figure 3: Youth Gap in Savings Distribution Across Different Provinces in 2015

Note: The pie charts show the distribution in terms of number of depositors with
passive, small, medium, and large savings accounts. The larger the pie the more
depositors in the province.

4. Discussion and Conclusion
Recommendations for FSPs
Promote mobile wallets to allow more convenient formal savings: Mobile
wallets allow FSPs to move away from product-specific approaches towards a
more unified customer-oriented approach by offering multiple products
through one mobile phone touch point. They can offer convenient alternatives
to informal savings, as deposits can be made in relatively low and frequent

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