Around the world, Visa is driving financial inclusion and increasing financial literacy among the underserved through our products, services and network; strategic partnerships and educational programs. Visa also actively contributes to the global conversation about how to best address financial inclusion and meet the needs of the underserved. This week, Visa is joining leaders in the financial inclusion community for the World Economic Forum (WEF) on East Asia in Myanmar, IDB Base II Forum in Colombia, and the 8th Annual Underbanked Financial Services Forum in the United States to discuss the global imperative to reach full financial inclusion.
At the WEF on East Asia event in Myanmar, Visa is participating in a variety of activities aimed at bringing attention to the un- and under-served populations throughout the region.
Stephen Kehoe, Head of Corporate Relations, Asia Pacific, Central Europe, the Middle East and Africa (APCEMEA) led a discussion at a financial inclusion luncheon for members of the financial services industry. Leaders discussed the major issues constraining the availability and access to financial services around the region and presented what policies needed to increase the level of financial inclusion. The group explored host country Myanmar as a use-case, identifying what steps could be taken to build a more inclusive system.
Today, Peter Maher, Group Country Manager, Southeast Asia spoke at the session titled “Moving from a Cash to a Banked Economy.” Peter discussed how Myanmar can build the foundation for an inclusive and robust financial system, highlighting Visa’s financial inclusion story to share best practices for shifting from cash-based activity to electronic payments. You can read his post on the World Economic Forum blog, where he discusses Myanmar’s opportunity to expand access to mobile services as a way to reach widespread financial inclusion.
On Friday, Visa will host a financial inclusion thought leader discussion. Gordon Cooper, Visa’s Head of Emerging Market Solutions, APCEMEA, will join the dialogue, exploring what solutions can serve as catalysts in transforming Myanmar and East Asian economies.
While at the event, Erin Steinhauer, Visa’s Head of Corporate Social Responsibility for APCEMEA, talked to The Wall Street Journal’s Duncan Mavin and Shibani Mahtani about Visa’s efforts to promote financial inclusion not only in Myanmar, but throughout Asia Pacific, Africa and across the globe.
To learn more about Visa’s global effort to advance financial inclusion, visit our new Financial Inclusion Interactive Map.
Posted by: Douglas Sabo, Visa Corporate Responsibility on June 6, 2013 at 12:34 pm