Asia Steps Up Efforts to Reach the ‘Unbanked’

March 18, 2015 1:48 PM

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Asia Steps Up Efforts to Reach the ‘Unbanked’

Back in early 1800s Europe, only aristocrats and rich merchants typically had access to banks. Artisans, farmers and domestic servants stashed money away under the pillow, if they saved at all.

Then, over the following few decades, a savings revolution took place. Fearful of poverty and social insurrection, governments used state finances to back savings banks, offering ordinary people a safe way to sock money away and earn interest.

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