An employee at a post office outside of Istanbul, Turkey, providing postal financial services to customers. Photo credit: UPU/ E.Oktay
The Universal Postal Union (UPU), the UN’s agency for postal services, has joined the Better Than Cash Alliance. UPU will be helping national postal offices in its 192 member countries to integrate digital payment technologies and explore new digital business models, such as mobile financial services. Posts could provide these either directly or by partnering with mobile network operators or technology companies. With some 660,000 post offices worldwide, posts offer financial services to 1.5 billion people, ranging from remittances to insurance and credit. Read the blog.