this post was submitted on 18 Jun 2025
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Here in Ireland, the government postal service diversified and now also provides financial services to remain relevant and liquid. You can set up a current account with them, or withdraw cash through a post office if you already have an existing current account with another bank. I think An Post also allows you to buy bonds. They have also even entered mobile carrier service.
Other postal service in many parts of the world should follow the same model to remain relevant. These new additional and modernised services would be beneficial to serve remote communities not easily covered by mobile carriers, banking institutions and/or still rely on traditional mail service.
That's a good service considering that around here, all the banks point of services are closing down and the only ATM left are the one charging 3-4$ per withdrawal, and I live in a populous city.
However, Postal Services shouldn't be profitable, just like any other governmental services. It should be a fucking service.