Podcasts Government Asia's Developing Future Foreign remittances should be a key part of expanding services at postal savings banks

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

Published: Jan. 29, 2019, 11:34 p.m.

Postal savings banks can expand their financial services and bring them to more people, by using foreign remittances as a springboard. \n\nWith $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. \n\nThat\u2019s the suggestion of a recent book published by the Asian Development Bank Institute, Postal Savings \u2013 Reaching Everyone in Asia.\n\nRead the transcript\nhttps://bit.ly/2HGukPh\n\nRead the report\nhttps://www.adb.org/publications/postal-savings-reaching-everyone-asia\n\nAbout the author\nHans Boon is chief executive officer of PostFinance Int\u2019l Development, Amsterdam, a consultant for the World Bank and the International Fund for Agricultural Development, and a director of Eurogiro in Denmark.\n\nKnow more about ADBI\u2019s work\nhttps://bit.ly/2sQUSmI