Last week, the World Bank announced a massive drop in the number of unbanked. Between 2011 and 2014, 700 million adults became account holders. This is an astonishing number but must not lead to complacency. Two billion people still don’t have access to the basic financial services. The many advantages of having a bank account, …
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MasterCard President and CEO speaks at China Development Forum for fifth consecutive year Beijing, March 23, 2015 – In remarks before the China Development Forum, Ajay Banga, president and CEO of MasterCard, addressed the timely topic of China’s One Belt, One Road initiative. He placed the initiative in the historical context of the Ancient Silk Road …
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Launches Two More Prepaid Cards in Market; Plans to Launch First Smartphone-enabled Prepaid Card; Licenses 10th Bank Partner and Increases ATM Acceptance To tweet this news, copy and paste http://mstr.cd/1r1unH1 to your Twitter handle with the hashtag #FinancialInclusion #Myanmar Singapore – 18 December 2014 – About a year since launching the country’s first prepaid card, MasterCard …
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In today’s global economy, many people find jobs in distant countries to make a living for their families back home. For millions of these foreign workers, the ability to set up global money transfers creates a vital, financial lifeline for loved ones who may be living under challenging economic circumstances. Globally, remittances are large and …
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