Tag Archives: financial inclusion
By Marie-Odile Pilley The essential role of posts in financial inclusion remains a well-kept secret. Did you know that China Post Savings Bank on its own holds 30% of the accounts in China ? With deposits amounting to €2.700bn, the Japanese Post Bank remains the largest financial institution in the world. Japan Post Insurance manages […]
Financial inclusion was the buzz word during last UPU Strategy Conference in Nairobi last week. DSK also believes in a very important role for postal financial services. Watch DSK’s address to UPU member countries during the Strategy Conference. In his view, postal services provide a kind of “public good” that globalization needs.
The New York Times (NYT) online archives recently led us to one of these extraordinary re-discoveries of history. “Wanted by Poor, He Felt”: this was the sub-title of NYT’s article on the approval of the postal bank bill by U.S. Senate in June 1910. At that time, President Taft (Republican) “felt that it is to these […]
Out of 1.5 billion users of postal financial services in the world, only 400 millions are holders of a postal (bank) account, 300 millions of which located in developing or emerging countries. As of today, more than 2 billion adults remain un-banked, mostly in developing and emerging countries, although under-banked citizens are also a concern […]
In India, postal financial services go hand in hand with government measures to promote financial inclusion. This collaboration is helping to ensure that poor people are not excluded from basic products, such as savings accounts. Covering the last mile is a major challenge of governmental engagement in poverty alleviation. Financial exclusion is not only a […]
Writing this from a mobile phone, of course! The postal network is the most mobile physical and human network one can imagine: there is at least one postman for each of the 500,000 post offices in the developing world thus potentially doubling the number of contact points to deliver financial inclusion. Other banking agent networks […]
Congratulations to Hans Boon and Marie-Odile Pilley for their posts, which were the most-read in 2009 according to our blog statistics! Please find them below and do not hesitate to react yourself! Best wishes to all for 2010! Branchless banking or post- branch_banking in 2020 ? By Hans Boon One week after the UPU-AFI workshop […]