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Rapid economic growth in Asia has gone hand in hand with increased savings. Yet, many people remain unbanked and savings are often invested abroad. If Asia is to continue to grow, governments must explore ways to better mobilize domestic finance and increase financial access. One way is through postal savings. This book (i) explains the benefits of postal savings, (ii) presents strategies ranging from a simple model of postal savings to full-fledged banking services, (iii) assesses national regulations, (iv) studies the challenges and opportunities arising from new technologies such as fintech, and (v) recommends ways to promote postal savings in developing Asia. technologies such as fintech, and (v) recommends ways to promote postal savings in developing Asia.
Considers H.R. 2203 and related H.R. 631, H.R. 1151, H.R. 5013, and H.R. 6040, to authorize the discontinuance of the Postal Savings System when there is a lack of sufficient deposits and when costs exceed revenues. Cover page date erroneously listed as Apr. 28, 1957.