Tag Archives | remittances
Finance sector development, Poverty
Poverty
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.
How to channel migrant remittances to deliver growth
Over the past decade, many developing countries have made substantial progress toward reducing poverty, and remittances sent by migrant workers have hugely contributed to this progress.
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