FemTech

NIPOST Celebrates Post Day, Introduce Bank@Post and Electronic Money Order

The Nigerian Postal Service (NIPOST) has celebrated the World Post Day on October 9 with the introduction of Bank@Post, its financial inclusion service in collaboration with Wema Bank at the Oyo town post office, Oyo State, South West Nigeria.

Customers can open accounts, deposit and withdraw cash at designated post offices as well as pay for WAEC, government fees and utility fees.

“New customers can also have their BVN enrolment at the post offices,”  Dotun Ifebogun, Wema Bank, Head Retail and SME Banking explained.

In partnership with Innovectives Limited, NIPOST also rolled out electronic money order  that would enable customers in both rural and urban communities to transfer and receive money across the country.

The Postmaster General of the Federation, Mr Bisi Adegbuyi,  said the new service would replace the old postal order through which customers normally send money to their loved ones through the postal system.

He said the old service is moribund with the advent of modern communication technologies and thus the decision to replace the service with a digital product that would meet the need of modern times.

World Post Day is an annual event designed to highlight the importance of postal services globally and to raise awareness for their contributions to society and the global economy.

The event was first declared at the 1969 United Postal Congress in Tokyo, Japan and is celebrated annually on October 9, marking the anniversary of the establishment of the Universal Postal Union on that date in Switzerland in 1874.

The creation of the Universal Postal Union, now a body of the United Nations, helped to make the delivery of postal letters and packages much more efficient, simple and coordinated, greatly improving communications throughout the entire world