6 Hrs
الاقتصادية
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الاقتصادية

2026-11-07T17:25:53.105Z

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From Grain to Fintech

From Grain to Fintech

Saving has evolved from storing grain and keeping cash to financial management supported by fintech algorithms, such as automatic deductions and rounding up purchases. It is now regarded as a tool for promoting financial stability among households and economies. In some East Asian countries, household savings rates exceed 30–35% of annual income, compared with typically 5–15% in Western countries—a difference shaped by customs and consumer culture. World Savings Day, observed every year on October 31, traces its origins to an international congress of savings banks hosted by Italy in 1924.

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