Saving the Post Office: The Models of Kiwibank and Japan Post
[R]oughly 9 million Americans don't have a bank account and 21 million rely largely on fringe financial services like usurious check cashers rather than traditional financial institutions. Giving low-income people access to a safe banking system will firm up their economic futures.
Back in 2002, we launched with a thought: New Zealand needs a better banking alternative - a bank that provides real value for money, that has Kiwi values at heart, and that keeps Kiwi money where it belongs - right here, in New Zealand.So we set up shop in PostShops throughout the country, putting us in more locations than any other bank in New Zealand literally overnight (without wasting millions on new premises!).
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