News 2015

Tunisian post tests African digital currency market

29 December 2015 (Brave New Coin)

La Poste Tunisienne, or The Post, is a public industrial and commercial enterprise, and the only non-bank institution authorized to collect savings. The company also provides a range of payment options in Tunisia, although it is not authorized to grant credit. Postal current accounts have existed since 1918 whereas the national savings bank was created in 1956.

In October, La Poste partnered with Swiss smart contract platform Monetas and Tunisian technology startup DigitUs.

Using the Monetas platform, a La Poste app will offer its clients nationwide access to instant, secure, and affordable merchant payments, and remittances. Customers can make instant mobile money transfer using eDinar, pay for goods and services in person and online, pay bills, as well as manage government identification documents.

Click here to read more.

IFC invests in Postal Savings Bank of China to promote financial inclusion for underserved

10 December 2015 (Finchannel)

IFC, a member of the World Bank Group, on December 10 announced an investment in Postal Savings Bank of China (PSBC).  The investment will help promote access to finance in a country, which according to World Bank Group data, is home to 12% of the world’s unbanked, some 235 million people, many of whom live in rural areas.

Click here for the full article.

Postal Savings Bank of China raises $ 7 billion ahead of IPO — Update

9 December 2015 (Morningstar)

Postal Savings Bank of China Co. raised $7 billion from a star-studded roster of investors ranging from global financial institutions to domestic Internet giants, as the country’s largest unlisted lender moved ahead with plans for a likely $10 billion initial public offering that would advance Beijing’s corporate-reform agenda.

Click here to read the full article.

HSBC extends business banking agreement with post office in UK

7 December 2015 (TD Direct Investing)

The Post Office Ltd has struck a deal with the commercial banking arm of HSBC Holdings PLC which will mean it will now accept transactions from the bank’s business customers and extend services available to its personal customers.

Click here to read more.

Croatian Post and Croatian Postal Bank introduce a joint credit card

24 November 2015 (Total Croatia News)

Croatian Post and Croatian Postal Bank (HPB) have decided to introduce their first joint product – Pošta & HPB Kartica. It is a contactless MasterCard credit card which provides maximum flexibility in payment, so that users in each accounting period have a choice between paying for their costs in full or in instalments.

Click here to read more.

Op-Ed: Union wants to bring back postal saving banks to fund Canada Post

22 November 2015 (Digital Journal)

CUPW long ago suggested that Canada Post should consider re-introducing postal saving banks at post offices. Canada Post had a postal bank until 1968. […] The union claims that these services would generate much needed income for Canada Post and would be particularly beneficial in rural or low income areas not well served by the existing banking system.

Click here to read more.

Mozambique: Post office signs deal with largest bank

21 November 2015 (Allafrica)

Mozambique’s largest commercial bank, the Millennium BIM, signed a memorandum of understanding in Maputo on Friday with the Post Office, under which the post office will act as an agent for the bank and offer financial services in its branches throughout the country.

Click here for the full article.

Steward Bank targets 250 000 new accounts

19 November 2015 (Newsday)

Steward Bank is opening at least 200 new accounts per day and is targeting 250 000 new accounts, as it rolls out more agency banking outlets aimed at reducing costs.

This comes as the bank has partnered with Zimpost, in the roll out of 40 agency banking outlets, which will offer universal banking services, allowing those with different banks accounts to transact using through Steward Bank.

Click here to read more.

Minister eager to raise Post Bank deposit cap

17 November 2015 (Nikkei Asian Review)

Japan’s internal affairs minister said she wants to increase the ceiling on deposits at Japan Post Bank as soon as possible “to the extent that it does not crowd out the private sector.”

Click here for the full article.

Japan Post IPO and what it portends for China’s postal bank

13 November 2015 (ejinsight)

Given the success of Japan Post’s IPO, what can we expect from Postal Savings Bank of China (PSBC), which is preparing for its own listing in 2016?

Click here to read more.

Use the Post Office to help the unbanked

12 November 2015 (Bloomberg View)

Millions of Americans lack access to reliable, reasonably priced financial services. Perhaps the U.S. Postal Service can help.

Click here for the full article.

An Post plans to take on banks with new current accounts

11 November 2015 (Independent)

“An Post needs to be moving with the times, securing additional services for our rural communities and, in turn, securing the future of this vital economic and social resource. If the management are incapable of doing this, I believe they should consider their position and resign.”

Click here for the full article.

Japan Post in strong stock market debut in Tokyo

3 November 2015 (The New York Times)

[…] On Wednesday, Japan Post was enlisted in a new national project: turning conservative Japanese savers into risk-taking investors by offering them the chance to buy shares in the world’s largest initial public offering this year. Japan’s leaders should be happy with the early results.

Click here for the full article.

Posta Romania finalised negotiations with Nextebank for the banking products and services in their own network 

2 November 2015 (Actmedia)

Posta Romana and Nextebank signed an agreement which finalise the negotiations on the margin of the draft for the implementation of the banking system in the postal network, the project going to be sent, in the following days, for analysis and approval, the BNR announced on Friday in a press release, the National Company ‘Posta Romana’ (CNPR).

Click here for the full article.

Seven key facts about the world’s biggest IPO this year

30 October 2015 (Bloomberg)

Japan Post’s initial public offering isn’t just the world’s largest equity listing this year — it’s also Japan’s largest privatization since 1987. Click here for some of the key facts to know before shares start trading on Nov. 4.

The promise and limits of postal banking

29 October 2015 (Credit Slips)

It’s easy for Progressives to get excited about the idea of postal banking: a public option for banking! What’s not to love?

Click here for the full post.

Government plans to focus on financial literacy; postmen to tutor rural India on banking system

24 October 2015 (The Economic Times)

The government is looking to utilise the services of postmen to teach people in rural areas how to use banking services and access various state-sponsored financial inclusion schemes. The finance ministry is working on developing a structured programme as part of a new strategy for financial inclusion under which banks will pay a fee to use the services of the postal department.

For the full article click here.

Nigeria: NIPOST maps out strategic plans for transformation

21 October 2015 (Vanguard)

The Postal Administrations, including the Nigerian Postal Service, NIPOST, rather than wait and be consumed by this expectation, seem to have leveraged the evolving electronic communications system to improve the management and operations of their traditional services and to develop new frontiers for more productive service delivery.

For the full article click here.

BPO, a2i ink MoU to develop financial inclusion model

21 October 2015 (The Financial Express – BD)

A Memorandum of Understanding(MoU) was signed on Wednesday between Access to Information (a2i) Programme of Prime Minister’s Office(PMO) and Bangladesh Post Office (BPO) aiming to develop a financial inclusion model to reach financial services to the doorsteps of the people.

For the full article click here.

Financial inclusion opportunities and challenges in Tunisia

20 October 2015 (CGAP)

Tunisia commanded global attention in January 2011 by sparking the Arab Spring revolutions. It has since made important transitions in adopting a new constitution and appointing in late 2014 a democratically elected president. This hard fought political progress, however, has been threatened by ongoing economic stagnancy, unemployment (33% among youth), and domestic security issues. Financial inclusion is one of many the areas that caught the new public authorities’ attention.

For the full article click here.

Govt targets NIPOST repositioning to boost financial inclusion

14 October 2015 (The Guardian)

The Federal Government has said that if the current effort to reposition the Postal sector in Nigeria is sustained, the Nigerian Postal Service (NIPOST) would be able to not only provide financial inclusion to the citizenry but also absorb a greater number of youths in its workforce.

For the full article click here.

Zimpost extends money transferring service to Nigeria

12 October 2015 (The Southern Times)

Zimbabwe’s postal and courier company, Zimpost has extended its money transfer service to Nigeria with immediate effect to allow the sending and receiving of money among citizens from the two African states, the postal company’s communications officer Anna Munembe has said.

For the full article click here.

Tunisian Post puts eDinar on Monetas mobile platform

8 October 2015 (Finextra)

Today Monetas, the Swiss software startup is announcing the pilot launch of its software technology in Tunisia in partnership with the Tunisian Post Office, La Poste Tunisienne, and Tunisian technology startup DigitUs. By powering Tunisia’s national financial infrastructure with Monetas technology, La Poste Tunisienne will offer its clients nationwide access to instant, secure, and affordable merchant payments, remittances, and more.

Read the full story here.

Spanish post office ‘Correos’ partners with prepaid financial services to launch “Correos Prepago”, prepaid card for Spanish consumers

7 October 2015 (Market Watch)

Correos, the postal industry leader in Spain, has partnered with Prepaid Financial Services (PFS), a leading European issuer and programme manager of physical and virtual prepaid card products, to launch the contactless Correos Prepago MasterCard(R) card in Spain. As part of the partnership, PFS provides the complete prepaid solution including BIN sponsorship, programme management, end-to-end technology solution and customer service support.

Read the full article here.

Post offices: rural Sri Lanka’s financial lifeline

3 August 2015 (Livemint)

“Rural areas in Sri Lanka do not usually have banks,” said T.M.D. Ekanayake, head of information communication technology division, Sri Lanka Post. However, the country has a decent network of post offices. There are 654 post offices in cities and 3,410 sub-post offices, one in each village. These sub-post offices have now become the financial lifeline of these villages, thanks to a project called M-ePay. Till mid-2014, these sub-post offices delivered money, apart from letters and parcels, by hand.

Read the full article here.

Eesti Post launches cash withdrawal service for rural Estonians

13 May 2015 (Post and Parcel)

People living in rural Estonia can now withdraw cash from their bank accounts through a new service provided by local mail delivery staff. Omniva, the state-owned postal operator that still runs its domestic postal services under the name Eesti Post after last year’s rebrand, launched the new service at the end of April.

Read the full article here.




Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: