Community Banking and Fintech

Re:Community Banking and Fintech by skybrian on Sunday October 24, 2021 @06:42PM (#28982617)

I’m wondering if postal banking in other countries serves a similar role to community banking in the US, at least as far as having local branches in rural areas is concerned?

The US Post Office is starting a pilot program, but it’s unclear if it will get anywhere.

[ Parent | on HN ]

Re:Community Banking and Fintech by tjmc on Sunday October 24, 2021 @09:35PM (#28983632)

Australia Post (which is owned by the Australian government but operated mostly independently) does this.

https://auspost.com.au/money-insurance/banking-and-payments/...

[ Parent | on HN ]

Re:Community Banking and Fintech by noisy_boy on Monday October 25, 2021 @01:42AM (#28984775)

Indian Postal Service provides a variety of financial savings schemes.

https://www.indiapost.gov.in/Financial/pages/content/post-of...

[ Parent | on HN ]

Re:Community Banking and Fintech by asdff on Monday October 25, 2021 @12:15AM (#28984453)

Historically the US Post office used to do this too

[ Parent | on HN ]

Re:Community Banking and Fintech by aspenmayer on Sunday October 24, 2021 @06:46PM (#28982644)

You have more info about the pilot program?

[ Parent | on HN ]

Re:Community Banking and Fintech by aaronbrethorst on Sunday October 24, 2021 @08:59PM (#28983459)

https://prospect.org/economy/usps-begins-postal-banking-pilo...

[ Parent | on HN ]

Re:Community Banking and Fintech by rsj_hn on Sunday October 24, 2021 @06:54PM (#28982696)

They will need to significantly lower fees and expand services if their ambition is greater than competing with check-cashing outfits.

[ Parent | on HN ]