Foreign remittances should be a key part of expanding services at postal savings banks

Summary: 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. Read the transcript https://bit.ly/2HGukPh 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. Know more about ADBI’s work https://bit.ly/2sQUSmI