Full Financial Inclusion Possible by 2020

Monday, October 28, 2013

The Center for Financial Inclusion at Accion launched today the Financial Inclusion 2020 Global Forum with remarks from Michael Corbat, CEO of Citi (NYSE: C); Ajay Banga, president and CEO of MasterCard (NYSE: MA); and Bill Sheedy, global executive, corporate strategy, M&A, and government relations of Visa Inc. (NYSE: V). This diverse coalition has attracted more than 300 other leaders in finance, technology, government and the nonprofit community to chart a course to make full financial inclusion a reality by 2020, just weeks after World Bank President Jim Yong Kim embraced the same goal.

“Economic growth, technology and demographic shifts offer us an unprecedented opportunity to bring quality, affordable financial services to the working poor,” said Michael Schlein, president and CEO of Accion. “This goal is concrete and achievable — when the public and private sectors are aligned and we coordinate our efforts.”

Source: The Wall Street Journal (link opens in a new window)

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Accion, financial inclusion