Minister Kruah (L-R) Eurogiro CEO, Jacob Tackmann Thomsen (second from left, Post Finance International Development CEO, Hans P. Bon (Third from left)
As a means of improving the postal sector and making the Ministry more functional on par with other postal authorities in the region, Posts and Telecommunications has begun to hold discussions with potential partners in a bid to establish Postal Financial Services in Liberia.
According to report, when this is achieved, the post office branches around the country will be revitalized and reequipped with modern technology to provide postal financial services to residents in rural Liberia.
It can be recalled few months ago that the Ministry held discussions with a South Korean group that visited Liberia and also expressed interest in financial services.
A new discussion is ongoing with a group from the Netherlands from Post Finance International Development B.V. headed by Hans P. Bon and a major European Post Finance Company, Eurogiro headed by its CEO Jacob Tackmann Thomsen.
Minister Kruah disclosed that the discussion has been productive and the parties have been holding discussions with other relevant stakeholders to include the Central Bank of Liberia (CBL), National Investment Commission (NIC), the Ministry of Finance among others
According to report, Post Finance International Development represents a unique concept acting as an enabler and accelerator for expansion of digital and financial access through postal networks with a focus on the under bank or underserved sectors and communities. Report further gathered that, Post Finance International Development’s approach is based on a commercial and viable redeployment often underutilized postal networks to provide access to financial services and other services, such as mobile telecom, postal, information, retail, internet and e-services.
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