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.
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 press release.
“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.