Postal savings banks should be tapped to strengthen financial systems in emerging Asia

Summary: Postal savings banks should be developed as a key factor of the economies in emerging Asia. Building or rebuilding postal savings banks would help modernize and deepen financial systems that are still vulnerable to the whims of global capital flows, as well as provide financial services to citizens who lack access to them. A recent book published by the Asian Development Bank Institute, Postal Savings—Reaching Everyone in Asia, suggests using the success of postal savings banks in countries like Japan as an example for emerging countries in Asia. Read the transcript https://bit.ly/2GJC5lD Read the report https://www.adb.org/publications/postal-savings-reaching-everyone-asia About the author Anwar Nasution is an economist at the University of Indonesia in Jakarta. Know more about ADBI’s work https://bit.ly/2sQUSmI