Postal savings banks can expand their financial services and bring them to more people, by using foreign remittances as a springboard.

With $250 billion in remittances flowing into Asia every year, postal savings banks can provide cheaper and easier ways for people to access those funds and become one-stop-shops for financial services in Asia.

That’s the suggestion of a recent book published by the Asian Development Bank Institute, Postal Savings – Reaching Everyone in Asia.

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Read the report

https://www.adb.org/publications/postal-savings-reaching-everyone-asia

About the author

Hans Boon is chief executive officer of PostFinance Int’l Development, Amsterdam, a consultant for the World Bank and the International Fund for Agricultural Development, and a director of Eurogiro in Denmark.

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