Today, over 2.5 billion people around the world have no access to basic financial services such as savings, bank accounts or credit.
Access to these services can help reduce poverty, increase social equality and encourage economic growth. Since 2009 we have worked together in a unique partnership with Care International (CARE) and Plan UK to tackle this issue. The Banking on Change partnership aims to break the barriers to financial inclusion and improve the quality of life in some of the world’s poorest communities, through a savings-led approach to microfinance. The partnership supports Barclays’ 5 Million Young Futures commitment.
As the world marks World Savings Day today we are celebrating the 630,000 people worldwide who are better able to manage their money and achieve financial independence, thanks to Banking on Change. Sky News Business Presenter Samantha Washington visited Zambia recently to see the work of the programme and shine a light on the worlds unbanked.