Looking for Opayo, you're in the right place. View Opayo products

Americas

United States
Puerto Rico

Europe

Denmark
Germany
Ireland
Norway
Poland
Sweden
United Kingdom
Spain

Americas

United States
Puerto Rico

Europe

Denmark
Germany
Ireland
Norway
Poland
Sweden
United Kingdom
Spain

LONDON (18 December 2023) – How teenagers learn about money matters in London schools will be getting a shake-up following the launch of FinLit, a charity that aims to increase financial literacy in young adults. Elavon Financial Services, a global payments provider, is FinLit’s major corporate sponsor, the company has announced today.

 

Elavon recently hosted FinLit’s launch event in its Moorgate office. Teachers, school administrators and local politicians were present to see first-hand the impact the FinLit content was having on students. Students from Bonus Pastor Catholic College in Bromley took part in the launch.

 

Players from the University of Essex Rebels basketball club, for which Elavon is the headline sponsor, also took the students through basketball drills and spoke about where post-college education can take them.

 

Ikem Odeh, a FinLit co-founder, says giving people the tools to make sound financial decisions at a young age is crucial to helping them as adults.

 

“Money is such a hidden conversation. We don’t talk about it in schools. We don’t talk about it at work. That lack of knowledge only becomes apparent when we need to make critical decisions, and we’re too often underprepared,” says Odeh.

 

“We want to better equip young people with the skills to manage themselves financially. In disadvantaged areas and disadvantaged schools, especially, we need to level the playing field.”

 

Hemlata Narasimhan, President of Elavon in Europe, says organisations like FinLit are vital to ensuring today’s youth are prepared for making important financial decisions when they are needed most.

 

“As a payments and financial services provider, we know just how important money matters are throughout your life, and having solid foundational knowledge about finance goes a long way.”

 

The charity is run by a small team of six, all with a corporate background. As well as working with a number of schools in London, and hoping to expand into other areas of the UK, FinLit is working with several professional football club youth academies.

 

The sponsorship will also give Elavon employees volunteering opportunities. All Elavon employees receive 16 hours each year to volunteer in their communities.


About Elavon

Elavon is a leading global payments company with more than 4,300 employees and operations in 10 countries. A subsidiary of U.S. Bancorp (NYSE:USB), Elavon provides businesses with the technology needed to accept payments from customers, whether they are shopping in stores, at home or on the go.

Its platform is distinctive in that it is common across countries, making it easier for businesses to get their payment system up and running quickly and securely.

Elavon Financial Services DAC. Registered in Ireland with Companies Registration Office. The liability of the member is limited. United Kingdom branch registered in England and Wales under the number BR022122. 

Elavon Financial Services DAC, trading as Elavon Merchant Services, is a credit institution authorised and regulated by the Central Bank of Ireland.  Authorised by the Prudential Regulation Authority.  Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority.  Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.

 

Media Contact

Andy Walsh
andrew.walsh@elavon.com

Share:

Continue reading news

Elavon announces partnership with Virgin Atlantic

Elavon Financial Services receives UK banking authorisation

New rules introduced by our regulator

Your Order
  • Qty:

    X

    Delete Product