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The UPU Postal Payment Services and financial inclusion
The UPU Postal Payment Services and financial inclusion
The UPU Postal Payment Services and financial inclusion
The UPU Postal Payment Services and financial inclusion
The UPU Postal Payment Services and financial inclusion
The UPU Postal Payment Services and financial inclusion
The UPU Postal Payment Services and financial inclusion
The UPU Postal Payment Services and financial inclusion
The UPU Postal Payment Services and financial inclusion
The UPU Postal Payment Services and financial inclusion
The UPU Postal Payment Services and financial inclusion
The UPU Postal Payment Services and financial inclusion
The UPU Postal Payment Services and financial inclusion
The UPU Postal Payment Services and financial inclusion
The UPU Postal Payment Services and financial inclusion
The UPU Postal Payment Services and financial inclusion
The UPU Postal Payment Services and financial inclusion
The UPU Postal Payment Services and financial inclusion
The UPU Postal Payment Services and financial inclusion
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The UPU Postal Payment Services and financial inclusion

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  • 273 rural PO connected out of 404 rural PO 106 urban PO + 404 rural PO = 510 total PO, 79% are rural in these 6 countries
  • Transcript

    1. The UPU Postal Payment Services and financial inclusion Tunis, 22 and 23 October 2009 Serguei Nanba – Postal Financial Services Coordinator
    2. Presentation of the Universal Postal Union <ul><li>Created in Bern in 1874 </li></ul><ul><ul><li>The International Bureau, the permanent secretariat of the UPU, is based in Bern </li></ul></ul><ul><li>An intergovernmental organization and a United Nations specialized agency </li></ul><ul><li>The principal forum for cooperation between governments, Posts and other postal sector stakeholders </li></ul>
    3. The postal sector worldwide <ul><li>657’000 post offices in 191 countries (500’000 in rural areas) </li></ul><ul><ul><li>In Sub-Saharan Africa, on average, 80% of the post offices are located outside the 3 biggest cities of the country, in areas where 80% of the population lives </li></ul></ul><ul><ul><li>In rural areas of SSA, 6.45 times more post offices than outlets of the biggest private providers </li></ul></ul><ul><li>In Africa: 25’100 (only permanent post offices) </li></ul><ul><li>More than 5 millions employees worldwide </li></ul><ul><li>In Africa: 160 000 employees </li></ul><ul><li>Around 80% of designated postal operators worldwide provide some sort of financial services </li></ul><ul><li>In 2007: 1,15 billion money orders sent by Posts worldwide </li></ul><ul><li>In Africa (44 countries): 57,9 millions money orders </li></ul>
    4. <ul><li>Implementation of the Postal Payment </li></ul><ul><li>Services Strategy 2009-2012 </li></ul><ul><li>Expand and develop the UPU worldwide electronic payment network (WEPN) </li></ul><ul><li>Develop: </li></ul><ul><ul><li>UPU Worldwide postal payment regulations (multilateral framework) </li></ul></ul><ul><ul><li>UPU Clearing and Settlement system </li></ul></ul><ul><ul><li>Communication policy </li></ul></ul><ul><ul><li>Universal and collective brand </li></ul></ul><ul><li>Focus on migrants’ remittances corridors </li></ul><ul><li>Associate electronic remittance services with postal account-based services through rural post offices to foster financial inclusion of the poor </li></ul>
    5. UPU-IFAD project in West Africa <ul><li>Target : migrants and recipients of migrant remittances in rural areas of six West African countries: Benin, Burkina Faso, Mali, Mauritania, Niger, and Senegal </li></ul><ul><li>Partners: IFAD, UPU, Le Groupe La Poste, France </li></ul><ul><li>Main activities: </li></ul><ul><ul><li>Connection of around 300 rural post offices in 6 countries, extension of an initial UPU regional projet </li></ul></ul><ul><ul><li>Set up of the communication infrastructure (call centres, direct connection) </li></ul></ul><ul><ul><li>New technology, equipment, training </li></ul></ul><ul><ul><li>Development of the IFS services </li></ul></ul><ul><ul><li>Cash is available in rural post offices – secured transportation and management </li></ul></ul><ul><ul><li>Promotion of the service </li></ul></ul><ul><ul><li>Associate remittances with account-based services </li></ul></ul>
    6. UPU-IFAD project in West Africa <ul><li>Benefits : </li></ul><ul><li>Low-cost and quality service available in rural areas </li></ul><ul><li>Reduction of competitors tariffs on various corridors </li></ul><ul><li>Reinforcement of rural Posts for provision of universal service </li></ul><ul><li>First step in financial inclusion process for rural poor </li></ul>
    7. <ul><li>First results : </li></ul><ul><li>IT, commercial and Operational Model updated on the basis of new UPU Regulations and regional conditions </li></ul><ul><li>New equipment installed and tested </li></ul><ul><li>14 October 2009: connection of rural postal offices and opening of electronic remittances services </li></ul><ul><li>Large contribution in cash and kind of African Designated Postal Operators </li></ul>
    8. <ul><li>UPU-IFAD African regional project </li></ul><ul><li>Total number of inhabitants: 43 530 126 </li></ul><ul><li>Number of inhabitance in rural areas: 28 742 470 </li></ul><ul><li>Covering all of the territories of the six countries, including all rural zones </li></ul>
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    13. <ul><li>Products/services offered in post offices in different regions </li></ul><ul><li>Domestic and international postal money order </li></ul><ul><li>Pension payments </li></ul><ul><li>Payment accounts </li></ul><ul><li>Debit and credit cards </li></ul><ul><li>Savings </li></ul><ul><li>Credit </li></ul><ul><li>Mutual funds </li></ul><ul><li>Insurances </li></ul><ul><li>Bill payments </li></ul><ul><li>(Permanent post offices network, mobile post offices, Internet banking, ATM, etc.) </li></ul>
    14. Kazakhstan Post Bank Social payments (pension, etc.) Bill payments Salary payments Lending Opening & management of accounts Others (currency excange, credit cards, investment products) Money orders 7% 24% 10% 10% 3,0% 1% 42% - “Banking” products account for >15 % - PFS products account for > 42% - Total number of postal accounts > 3 M (20% of population) Cash transportation 3%
    15. Brazil: Evaluating Access 2005 Semi-deciles of GDP per capita Poorest Richest
    16. <ul><li>Population: 180 M </li></ul><ul><li>More than 40% of municipalities without banks in 2002 </li></ul><ul><li>8.2 M newly banked people from 2002 to 2009 </li></ul><ul><li>5,973 branches/PO </li></ul>Brazilian Postal Bank: the bank that gets where no other bank has been Strategy: first open in communities/municipalities without banks = Geographic financial inclusion
    17. e-pension e-paiement e-banking e-finance e-bourse e-transfert e-mandat On-line Solutions E-sicav e-guichet e-douane e-Poste
    18.  
    19. Thank you for your attention Serguei Nanba Coordinator Postal Financial Services Tel: + 41 31 350 32 16 Fax: + 41 31 350 31 10 E-mail: serguei.nanba@upu.int

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