JAKARTA, 31 October 2016 – WSBI joined more than 1500 people on hand in Jakarta to celebrate the debut of National Savings Day in Indonesia.
The celebration launch, which joins countries across the world who celebrate thrift as part of World Savings Day, was spearheaded by financial institutions in Indonesia including WSBI member P.T. Bank Tabungan Negara (BTN) with support from the Indonesian government. The one-day event was a chance for partner organisations to learn about financial inclusion policy work beyond Indonesia and the latest business models that show how developing digital payment systems and payment instruments promote and advance financial inclusion. Evidence shows that poor people often start a relationship with the formal financial sector via payment transactions.
Held at the Jakarta Convention Centre, the event was kicked-off by BTN Chief Executive Mr. Maryono, who chairs the WSBI Asia-Pacific Regional Group. Bank Simpanan Nasional Malaysia CEO Adinan Maning, a WSBI Board Director, and Mr. Naoyuki Yoshino, Dean of Asian Development Bank Institute, provided the World Savings Day keynote address on the importance of savings for Asian economic development, followed with a look at financial inclusion approaches and results.
As part if today's event in Jakarta, a special video address from National Savings Pakistan Director General Zafar Masud, was watched during the National Savings Day celebrations in Jakarta. Click on the video below or go here.
Financial inclusion through digitisation: A government priority in Indonesia
The Indonesian Government has put financial inclusion high on its policy agenda and views access to finance vital for poverty alleviation and social harmony. The ability to save and invest is an important part of poverty reduction and self-empowerment. Authorities see the launch of the World Savings Day part of an awareness campaign for citizens in the world’s fourth most populous country to cultivate savings habits with the formal sector.
History of World Savings Day
More than 90 years ago, one of the largest savings banks in Italy at that time gathered 354 delegates representing approximately 7,000 branches of savings banks from 27 different countries on the occasion of its centennial anniversary. And it was at this congress that the creation of a permanent International Savings Banks Institute (ISBI, precursor of WSBI) and the World Savings Day were born.
Since its creation, the World Savings Day honours the virtue of savings as a prerequisite for financial stability and economic growth and recognizes the importance of savings banks in their role as promoters and facilitators of savings. It has been celebrated annually by WSBI members in countries such as Austria, India, Germany, Kenya, Mexico and Sri Lanka. WSBI has been promoting the World Savings Day among its membership in particular in countries where there is no national savings day.
Learn more at www.world-savings-day.org – the World Savings Day website – or at the WSBI-ESBG website at www.wsbi-esbg.org/Events/WSD/Pages/About-the-World-Savings-Day.aspx