MasterCard president and CEO, Ajay Banga, delivered a speech on financial inclusion at the China Development Forum. He recognized the growth of financial access within the country over the past 30 years, and highlighted the critical role financial inclusion plays in the continued development of the Chinese economy.
MasterCard President and CEO Ajay Banga delivers speech on financial inclusion at the China Development Forum. (Photo: Business Wire)
This is the fourth year that MasterCard’s top executive has attended the forum at which China’s top policymakers, scholars and over 500 global leaders share insights on the country’s economic and social development. Read the
“While the risks of not addressing financial inclusion are profound, the benefits are undeniable,” said Banga. “If it’s done well, it can help grow an economy that’s more equitable, sustainable and inclusive.”
- Read his prepared remarks and the four financial inclusion themes he discussed as important to social development.
- MasterCard white paper, “ Creating Higher Levels of Financial Inclusion in China”, offering insights on how China can sustain its economic growth through financial inclusion.
- Watch 90 second YouTube video Greater Possibilities with Financial Inclusion
is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter
join the discussion on the
Cashless Pioneers Blog
for the latest news on the