Leader: China-led G20 in poverty war

economy in places where physical banking infrastructure is limited or absent,” he said. “The transformative potential of marrying cell phones and banking cannot be underestimated.”

With China holding the presidency of G20 since 2016, the G20 Global Partnership for Financial Inclusion developed a new set of High-Level Principles that encourages governments to promote a digital approach to financial inclusion.

It encourages governments to promote a digital approach to financial inclusion, and is being used as a reference tool by many countries.