BPFI opens registration for Irish finals of Europe’s largest financial education competition on March 21st
February 2024 – Banking & Payments Federation Ireland (BPFI), with the support of the Business Studies Teacher’s Association of Ireland (BSTAI), have opened registration for the Irish finals of the 2024 European Money Quiz, Europe’s largest financial education competition for 13 to 15-year-old students involving 28 countries.
Teachers across Ireland are now invited to register their students at www.bpfi.ie/european-money-quiz, to take part in the Irish leg of the quiz which will see classrooms up and down the country go head-to-head in the live online final on Thursday 21st March. Playing in teams of two, students will be tested on a series of financial questions and compete directly against each other in real time using the Kahoot! learning platform. The winning team will be flown to Brussels in April to take on students from over 28 other European countries for a chance to be crowned European Champions and share in a prize fund of €5,000 for their school.
Speaking on the opening of the registrations for this year’s competition, Mairead McGuinness, European Commissioner for Financial services, financial stability and Capital Markets Union said: “The European Money Quiz is a fantastic initiative that helps make students in Ireland and across Europe aware of the importance of understanding money and being able to manage their personal finances. The earlier in life that we build up financial awareness, the better. It has all sorts of benefits in terms of resilience, preparing for a future career, and being able to navigate independence when you grow up. I’m a great believer in empowering young people so that they have the ability to manage their money now and, in the future, because the choices we make around money, really matter.”
BPFI hosts the Irish Finals of the quiz and works closely with the European Banking Federation for the European Finals. Brian Hayes, Chief Executive of BPFI stated: “The European Money Quiz is a great opportunity for students to engage in financial education in a fun and dynamic way. Last year we had almost 4,000 students registered across nearly every county in Ireland and hope to exceed that number in 2024. BPFI is delighted to sponsor the winners of the Irish quiz to go on to Brussels in April to take part in the European Finals where Irish students have always performed exceptionally well in the past, securing a podium spot in the top three European teams on three occasions.”
Margaret McDonnell, representative of BSTAI added: “The European Money Quiz has been a huge success in schools over the past few years. Understanding and learning about money and finance is really important for young people and I would strongly encourage teachers across Ireland to sign up and get their students participating. It is not only for students doing business studies – anyone between 13-15 years of age can take part. The live competition element really brings a bit of fun and excitement to the classroom as students compete against other schools and see the scoreboard change in real-time.”
The European Money Quiz is part of European Money Week (EMW), a joint initiative between the European Banking Federation and 30 banking associations across Europe – including BPFI, which aims to boost financial literacy levels and raise awareness on the benefits of financial education. This year Money Week is taking place from 18th to 24th March 2024.
Further details and registration are available on the BPFI website at www.bpfi.ie/European-money-quiz.
Note: Banking & Payments Federation Ireland (BPFI) represents the banking, payments and fintech sector in Ireland. Together with its affiliates, the Federation of International Banks in Ireland, and the Fintech & Payments Association of Ireland, BPFI has over 125 member institutions and associates, including licensed domestic and foreign banks and institutions operating in the financial marketplace here.
Photos: Commissioner Mairead McGuinness with third-year students from St. Colmcille’s Community School, Knocklyon Ben Connell and Ava Bradshaw, who will be taking part in this year’s competition.
Additional photos include Margaret McDonnell, Representative from the Business Studies Teachers Association of Ireland (BSTAI).