Oct. 22, 2014 SIGN IN | REGISTER
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A New Global Economy Must Rely on Financial Inclusion

It is not enough to simply expand financial inclusion. We see financial literacy as the core platform on which financial inclusion is built.We are working to be a part of that solution. In 2008 at the Clinton Global Initiative midyear meeting, Visa committed to reaching 10 million people globally with financial literacy education by 2013. Today, we are doubling that commitment and will now aim to help educate 20 million people with the fundamentals of money management. One innovative way we will reach this goal is with “Financial Football” — an engaging, free personal finance video game Visa created and is launching this week. From years of working with educators around the world, we know that we must find entertaining and relevant ways for people to learn about the importance of financial responsibility. Harnessing the power of the FIFA World Cup and the world’s most popular sport, this game — which will be known as “Financial Soccer” in the United States — is being rolled out in more than a dozen different countries and languages.Now it is time for others within the private sector to fully join us in this effort to scale up and create innovative solutions that draw more financially disenfranchised people into the economic mainstream. This just might be the most fundamental way to create a stable base, finally enabling us to pull out of our economic nadir and drive a lasting global recovery.Joseph W. Saunders is chairman and CEO of Visa Inc.

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