The United States Postal Service is currently facing a very tough financial situation. Losses are piling on and could reach $14.1 billion for fiscal year 2012. Drastic decisions must therefore be made to ensure the viability of the Post. Most of the focus is currently placed on slashing costs, by closing post offices, reducing the workforce (155,000 […]
More than 100 million of the 370 million inhabitants in Central and Eastern Europe and Central Asia are un(der)banked. This includes many of the 60 million poor and a part of the 150 million economically vulnerable people. Ratios of unbanked people vary from an average 25% in Central Europe to more than 80% in Central […]
In a recent article, a Trade Union in Ireland stated: “People trust organisations like the post office and the credit union. However, the post office alone has a single, coherent accessible infrastructure that can deliver the banking solution that will help to achieve financial inclusion” Read more This article confirms that the two key factors […]
The financial inclusion community has been focusing on branchless banking over mobile without considering existing infrastructure like the Post. Today we highlight a brief from Microsave that asks whether we should be using phones or a physical network that already exists: the Post. At the end of the document, the author states: “Given a choice, those currently without […]
New Delhi, Dec 7 (PTI) Over 1 lakh branch post offices will be equipped with IT infrastructure by 2012-13, Parliament was informed today. “About 24,015 departmental post offices have been supplied with computer hardware. The remaining 1,279 departmental post offices and 1,29,497 branch post office of the Department would be equipped with Information Technology infrastructure […]
During the last UPU Financial Inclusion Workshop in Bern, a group of stakeholders (Operators of champion countries, Financial Sector Regulating Authorities and Governments, Development Partners, Standards-Setting Bodies and UPU) agreed upon a Roadmap for Postal Financial Inclusion. The document includes the next steps the initiative should take together with the commitment of the stakeholders in […]
When a video says more than one thousand words. More on our new page covering the 2011 Postal Financial Inclusion Workshop.