News

During the last Rutgers Conference on Postal and Delivery Economics that took place in Bordeaux on 27-30 May, UNI Post & Logistics, presented a paper on the role post offices can play in remittances and the financial structure of economies.



The aim of the presentation was to inform participants on this topic as well as to encourage postal operators to adopt the UPU IFS system for remitting (or transferring) money. The session touched upon the importance of the remittances flows, totalising up to USD 350 bn per year, as well as how and why post offices have a role to play in this process; and on the impact of the financial crisis on the postal banking systems. The conclusion of the presentation was that the adoption the UPU IFS system would help post offices to boost traffic and revenues, attract new members, offset mail volumes, keep postal networks cost effective and build new management systems and IT platforms.



The presentation gave raise to interesting and lively discussions on the role of postal financial services in the current financial crisis and whether they could be or not a saviour to postal services, the role of commercial banks and their relations to postal banks; as well as on the trust people have in postal banking systems.



The presentation and paper are here attached.



More information on the Rutgers conference may be found here:

http://www.crri.rutgers.edu/references/post/index.html