2013 Global Forum on Financial Inclusion for Development

Postal financial inclusion is enjoying a boom phase. After banks, postal operators and their postal financial subsidiaries are the world's second biggest contributor to financial inclusion.

Today, one billion people use the postal sector for savings and deposit accounts, and more than 1.5 billion profit from basic transactional services through the Post. In India alone, 30 million new postal savings accounts were opened in 2012.

At the core of the UPU Convention is the provision of affordable and efficient universal postal services to all citizens of the world. Postal services include financial services.

Bishar A. Hussein, Director General, UPU

Donors and policymakers are starting to realize the potential of postal financial services, and the role that Posts can play in increasing financial inclusion. Following the example of the Bill & Melinda Gates Foundation, which has shown its commitment to postal financial inclusion, several donors are now focusing their efforts on leveraging postal networks for financial inclusion.

The UPU, jointly with the Swiss Federal Department of Foreign Affairs and the International Organization of La Francophonie, organized a Global Forum on financial inclusion for development which was established as a platform for dialogue on postal financial inclusion between governments, postal operators, central banks, private sector players and international organizations.

Global Forum on Financial Inclusion for Development - A paradigm shift for the postal sector (Summary report)

- Migrant remittances as a tool for economic development
- Opportunities for Posts in financial inclusion
- New business models for the Post
- Enabling postal financial inclusion: the role of partners