The article focuses on the financial services offered to the poor of developing countries. Financial services for poor people in developing countries--a business known as "microfinance"--have mostly been awful or absent. The poor have been hurt by massive market and regulatory failure. In recent years, at least in some parts of the world, this bleak picture has begun to change, first in credit, then in savings and more recently in remittances. A World Bank report by Thorsten Beck, Asli Demirguc-Kunt and Soledad Martinez shows a correlation between lack of financial access and low incomes. A World Bank report by Thorsten Beck, Asli Demirguc-Kunt and Soledad Martinez published last month shows a strong correlation between lack of financial access and low incomes. The poor attach great value to having a safe place to keep money and some means of providing for life's risks, either through savings or, better still, through insurance.