Small Savings Mobilization and Asian Economic Development

Small Savings Mobilization and Asian Economic Development

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Postal savings systems in Asian developing countries play a significant role in social and economic development. In many of these countries, and others around the world, postal savings and giro remittances are the only means of providing financial services to all segments of the population, particularly women, rural communities, and the urban poor. Postal savings in many countries also account for the largest share of individual and household savings among competing institutions. This book examines the postal financial systems of some twenty countries visited by the author, and also includes case studies by expert author from different developing nations. Among the topics covered are savings product development, investing mobilized funds, receiving overseas remittances, and utilizing financial technology.The POSBa#39;s existing VSAT network provides it with a ready capability to provide this service. ... Reduced transactional costs, enhanced customer service, and integrated accounting systems could result from electronic banking. ... Direct Debit of Utility and Tax Payments by Consumers The average Indian wastes a great many man-hours year after year queuing up to pay utility bills (telephone, electricity, anbsp;...

Title:Small Savings Mobilization and Asian Economic Development
Author:Mark J. Scher, Naoyuki Yoshino
Publisher:M.E. Sharpe - 2004-01-01


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