Tag Archives | postal finance
Finance sector development, Poverty

Remittances as a trigger for postal financial inclusion

By . Posted November 16, 2017
Remittances as a trigger for postal financial inclusion
More than 1 billion adult Asians rely on the region’s 350,000 post offices. Over 2 million employees in more than 350,000 post offices and agents across Asia serve 1 billion of the 3.2 billion adults in the region (more than 57% of the world’s adult population) by providing basic financial services, including the receipt of remittances. The majority of the users live in rural communities or peri-urban areas, often at a considerable distance from bank branches, and consider post offices as an immediate access point to financial services.