PIDM Partners With MAB To Develop Financial Literacy Modules For The Blind

Alex Cheong Pui Yin

25th August 2022 - 2 min read

Malaysia Deposit Insurance Corporation (PIDM) has renewed its collaboration with the Malaysian Association of the Blind (MAB), and will be rolling out financial literacy modules for the blind in this latest partnership. This is in a bid to offer the blind community better access to financial education.

According to PIDM, the financial literacy modules will be provided as part of the Sijil Kemahiran Malaysia training at MAB, covering a variety of financial topics. These include financial planning, budgeting, debt management, as well as banking and insurance products. They also contain information on PIDM’s protection systems and financial scams.

Additionally, the modules will be made available in two formats: Braille and audio compact discs (CD). The CDs will be distributed to MAB students and members, on top of to schools and libraries with integrated facilities for the blind. Members of the blind community who are not registered with MAB can also obtain a copy of the CD by writing in to MAB.

Aside from introducing the financial literacy modules, PIDM had also revamped its website earlier this year to make it more accessible for individuals with visual impairments, with the ability to adjust the font size and to grayscale the page.

“As a government authority responsible for protecting the people’s hard-earned money in our member banks, we recognise that depositors live in different circumstances, including visual impairment. The blind are equally important members of the overall financial ecosystem and must be empowered with the necessary knowledge to improve their financial health and resilience,” said the executive vice president of PIDM, Wan Ahmad Ikram Wan Ahmad Lotfi.

Meanwhile, the chief executive officer of MAB, George Thomas said that MAB is grateful and honoured to be able to work with PIDM again to bring financial literacy to the blind community. “It is MAB’s vision for the blind and visually impaired to be equipped with knowledge that can help them to manage their own finances and livelihoods,” he said.

PIDM and MAB’s collaboration began in 2020, when PIDM contributed 1,000 stay-safe kits to MAB during the Covid-19 pandemic. It continued in 2021, with PIDM sponsoring even more items, including 10 units of the Perkins Brailler mechanical braille writer and food baskets.

(Source: PIDM)

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Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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