MasterCard: Financial Inclusion Key For India’s Future Growth

Demand for increased access to financial services in India “has never been more urgent,” says T.V. Seshardi, Division President, South Asia, MasterCard Worldwide.

Seshardi estimates that one of every three residents in India — 450 million people total — do not have access to basic financial services. At the same time, 88 percent of Indian consumers own a mobile phone.

Read more of Seshardi’s comments here.