Michael Miebach, CEO of Mastercard, said on Saturday that access to capital is a common factor among various segments such as small and medium enterprises (SMEs), emerging consumers, and emerging markets. He gave some ideas on how technology can be used to solve this issue of access to capital for all these segments. One of his suggestions included open banking, where data is easily accessible and shared. He lauded the Indian government’s efforts on this. In open banking, there's a lot that you can do through both the private and public sectors, as you've done in India. Through open banking, credit scoring is easy. Otherwise, people end up with collateral that none of them actually has. In the last 13 years at MasterCard, we've pulled over 800 million people into the financial economy through open banking. Further, he said that digital identity is very important in this case, but there are many countries where people are not digitally literate.