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.

b'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'