Digital transformation

The Asian Development Bank (ADB) and Mastercard sign a memorandum of understanding (MOU) to advance financial inclusion and drive digital transformation across the Asia-Pacific region. Signing the agreement are (from left) Yasemin Bedir, Mastercard divisional president for Eastern Europe and Bhargav Dasgupta, ADB vice-president for market solutions. Signed in early May, the agreement underscores the shared vision of both organizations to drive greater financial inclusion by empowering micro, small, and medium enterprises (MSMEs) and women-owned businesses – leveraging digital innovation to foster inclusive growth and adoption of climate-smart practices.