MONIX Co., Ltd., through its FINNIX App, has launched a groundbreaking e-learning platform titled 'Money Wise, Happy Life.' The initiative aims to enhance financial literacy among Thai people, offering accessible and enjoyable learning experiences by The MONIXERs. Accessible anywhere, anytime via smartphones, tablets, or computers at www.finnix.co/e-learning, the platform provides essential financial knowledge for free, along with practical guidelines for everyday application, including awareness of various forms of illegal debt and fraud. This initiative extends the Empowerment strategy from MONIX's F.I.R.E. ecosystem, aligning with the Bank of Thailand's Responsible Lending policy.
Thailand is facing continuous financial challenges, especially regarding the financial condition and liquidity exacerbated by the COVID-19 pandemic, which has had a significant impact on the Thai economy and society. According to the Bank of Thailand's 2022 Thai Financial Literacy Survey report, many Thais demonstrate poor attitudes and behaviors towards digital finance, showing limited awareness of financial dangers. Approximately 8.3% have experienced financial crises, and there has been a concerning trend of decreasing retirement savings, dropping from 66.0% in 2020 to 61.1% in 2022. Recognizing these challenges, FINNIX App, Thai people's best financial friend, is addressing these issues by developing a digital learning platform, 'Money Wise, Happy Life.' This platform is designed to provide opportunities for Thai people to upskill and reskill, encouraging better financial behavior, and promoting financial and retirement planning to ensure the financial well-being of the Thai people.
Ms. Thiranun Arunwattanakul, Chief Operating Officer of MONIX Co., Ltd., stated, "With over four years of experience in the financial technology industry, MONIX understands the challenges faced by the Thai people regarding financial skills. Many still lack basic financial knowledge, leading to numerous financial problems. Moreover, the rise of financial fraud adds to these challenges. We recognize that most people struggle to find time for learning due to their work commitments. Committed to creating opportunities for people to prosper and enjoy life, our team has utilized their expertise, skills, and experience to develop a financial e-learning platform to meet these needs. The platform is accessible to all Thai people at no cost, offering easy-to-understand, short video lessons that can be immediately applied to everyday life. We cover basic financial skills, along with providing recommendations to help the underbanked avoid illegal debt cycles and fraudulent schemes effectively. Our goal is to empower 10,000 people with better financial understanding this year."
The 'Money Wise, Happy Life' e-learning platform is an extension of MONIX's F.I.R.E. ecosystem strategy, which comprises Finance, Intel, Reward, and Empowerment. Particularly, it emphasizes the Empowerment strategy, focusing on promoting financial literacy skills for Thai people. This initiative also aligns with the Bank of Thailand's Responsible Lending policy, aiming to promote financial discipline and literacy among customers and the public through the provision of quality loans and the utilization of technology.
Currently, FINNIX's e-learning platform offers four courses covering essential financial knowledge and skills: 1) financial planning 2) mastering financial skills 3) loan management and avoiding scams 4) interest calculation and debt relief planning. Each course, developed by MONIX's expert team, combines theory with practical application, making it easy to understand and applicable to real-life situations. The courses provide special techniques and advice derived from direct experience. At the end of each lesson, users can take a quiz to test their understanding. Additionally, users have the flexibility to study the courses at their own pace, anywhere and anytime, via the FINNIX website. Upon completing the courses and passing the test according to the specified conditions, users will receive an e-certificate, certifying their financial knowledge and fostering pride in their achievement.
For those interested in FINNIX's free e-learning courses, visit https://www.finnix.co/e-learning.