Mastercard Center for Inclusive Growth

The Asia-Pacific region is undergoing the largest middle-class expansion in history. By 2035, it will be home to 3.2 billion of the world’s 5 billion middle-class consumers 🌏 This transformation is reshaping global consumption, financial behavior and digital engagement, creating new demand for financial products and solutions 🏦 such as mobile wallets, access to finance and savings accounts. The growth of the middle-class in the region presents a generational opportunity to build inclusive economies — and to serve a rising consumer base that is increasingly connected, entrepreneurial and digitally enabled 🤳 World Data Lab's Wolfgang Fengler shared insights at our inaugural ASEAN Inclusive Growth Summit that took place Kuala Lumpur on October 24. Read this article for more insights from Wolfgang Fengler and our very own Subhashini (Shuba) Chandran: https://lnkd.in/gVXHSTZk #AIGS25 #EconomicGrowth #InclusiveGrowth #FinancialInclusion #ImpactInvesting #SocialImpact

Take an inside look at our ASEAN Inclusive Growth Summit on this week's episode of #MastercardIntheLoop 🎬 Featuring: 🟠 World Data Lab CEO, Wolfgang Fengler 🟠 Mastercard Vice Chairman and President, Strategic Growth, Jon Huntsman 🟠 Our Founder and President, Shamina Singh! #AIGS25 #ASEAN25

Our inaugural ASEAN Inclusive Growth Summit was more than a milestone. It was a call to action. 🌏 On the eve of the 47th ASEAN Summit, Tan Sri Nazir Razak, Chairman of ASEAN Business Advisory Council (ASEAN BAC) Malaysia and Founding Partner and Chairman for Ikhlas Capital, closed #AIGS25 with a powerful reminder: leadership, collaboration, and ideas matter most when shaping a more inclusive future. Together, we’re driving forward a vision of inclusive economic growth that empowers communities, strengthens resilience, and unlocks opportunity for all. Sign up for first access to full on-demand sessions from #AIGS25: https://lnkd.in/gSs4qaJZ #AIGS25 #EconomicGrowth #InclusiveGrowth #FinancialInclusion #ImpactInvesting #SocialImpact

Our Group CEO Chi-man Kwan was honoured to be invited to speak at the inaugural Mastercard ASEAN Inclusive Growth Summit last week. In conversation with Shamina Singh, Founder and President of the Mastercard Center for Inclusive Growth, Chi Man discussed “The Great Wealth Transfer”, as nearly US$6 trillion is set to pass to the next generation across ASEAN. He noted that as wealth transitions from founders to successors, values and governance become critical to preserving and directing that legacy. Philanthropy, in this historic wealth transfer, is the living expression of that succession. It is also one of the most complex parts of running a family office, according to Chi Man, “Because it intersects family values, cultural beliefs, and business logic,” he explained. When asked how the firm helps families align their philanthropy with their business strategy, he emphasised that philanthropy must be integrated into the overall governance framework, “not treated as an afterthought,” he added. Since its formal introduction by the Asian Development Bank (ADB) in 2007, the concept of “#InclusiveGrowth” has become a globally recognised development principle. It focuses on social and economic harmony and sustainable progress. In the context of family offices, inclusive growth goes beyond wealth creation, it is about extending value, responsibility, and impact across generations. The inaugural #MastercardASEANInclusiveGrowthSummit was held on the sidelines of the 47th ASEAN Summit in Kuala Lumpur, Malaysia. The event was co-hosted by the Mastercard Center for Inclusive Growth and the ASEAN Business Advisory Council (ASEAN BAC). A big thank you to Mastercard and the ASEAN-BAC for hosting such a meaningful and timely gathering. Jeremy Hillman | Chris Moffo Chi-man Kwan | William Chow | Terence Chow | Kendrick Lee | Ray Tam | Zann Kwan, 关旨斌, CFA

Our inaugural ASEAN Inclusive Growth Summit is more than a moment. It's about building momentum for inclusive economic growth, and moving ideas into action. Hear from our Founder and President, Shamina Singh, at #AIGS25. #AIGS25 #EconomicGrowth #InclusiveGrowth #FinancialInclusion #ImpactInvesting #SocialImpact

While 87% of adults in El Salvador own a mobile phone, 70% of the population uses cash daily for all transactions, creating an opportunity to close financial gaps through digital services. We're proud to partner with Bancoagrícola and the Mastercard Center for Inclusive Growth to provide a wider range of responsible financial services to low-income people in El Salvador, including the option to receive international remittances through the digital banking and payments platform Nequi. From small business owners to gig workers, people are using Nequi to receive remittances and securely manage their money — enabling them to build a credit profile and get access to other financial services, like savings. Read more: https://lnkd.in/eiTZHBeG