|
Postal Savings System
Postal savings systems provide depositors who unbanked, do not have access to banks a safe and convenient method to save money. Many nations have operated banking systems involving post offices to promote saving money among the poor. History In 1861, Great Britain became the first nation to offer such an arrangement. It was supported by Sir Rowland Hill, who successfully advocated the penny post, and William Ewart Gladstone, then Chancellor of the Exchequer, who saw it as a cheap way to finance the public debt. At the time, banks were mainly in the cities and largely catered to wealthy customers. Rural citizens and the poor had no choice but to keep their funds at home or on their persons. The original Post Office Savings Bank was limited to deposits of £30 per year with a maximum balance of £150. Interest was paid at the rate of 2.5 percent per annum on whole pounds in the account. Later, the limits were raised to a maximum of £500 per year in deposits with no limit on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unbanked
The unbanked are adults who do not have their own bank accounts. Along with the underbanked, they may rely on alternative financial services for their financial needs, where these are available. Causes Some reasons a person might not have a bank account include: * Lack of access via a nearby bank branch or mobile phone * Minimum balance fees * Distrust of the banking system, typically due to lack of transparency regarding fees and deposit timingThe Unbanking Of America - ''Think'' interview with economist Lisa Servon * No access to government-issued ID, which is required to open a bank account *To avoid delinquent debts, such as creditors seizing the account in judgements, or the government collecting back taxes or child support The unbanked in the United States The ''unbanked'' are descr ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Österreichische Postsparkasse
Österreichische Postsparkasse (, , abbr. P.S.K.) was a postal savings systems, postal savings bank in Austria. It was owned by the Österreichische Post, Austrian Post Office and thus by the government. It merged on 1 October 2005 with the BAWAG to form BAWAG P.S.K. History During the Austro-Hungarian Empire Österreichische Postsparkasse was founded by law in 1882. On 28 May, the parliamentary bill "...on the introduction of postal savings banks in kingdoms and countries represented by the Imperial Assembly" was passed in the Imperial Council (Austria), Imperial Council (''Reichsrat''). The government bill was drawn up by Georg Coch, the founder and first director of the bank. The first headquarters of the "k.k. Postsparcassen-Amt" (Imperial-Royal Postal Savings Office) was opened on 12 January 1883 in the former Dominican Order, Dominican Monastery building on Wollzeile street in the first Viennese district Innere Stadt. About 4,000 post office branches located throughou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
People's Republic Of China
China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after India, representing 17.4% of the world population. China spans the equivalent of five time zones and Borders of China, borders fourteen countries by land across an area of nearly , making it the list of countries and dependencies by area, third-largest country by land area. The country is divided into 33 Province-level divisions of China, province-level divisions: 22 provinces of China, provinces, 5 autonomous regions of China, autonomous regions, 4 direct-administered municipalities of China, municipalities, and 2 semi-autonomous special administrative regions. Beijing is the country's capital, while Shanghai is List of cities in China by population, its most populous city by urban area and largest financial center. Considered one of six ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Post Office In Shanghai
China, officially the People's Republic of China (PRC), is a country in East Asia. With a population exceeding 1.4 billion, it is the second-most populous country after India, representing 17.4% of the world population. China spans the equivalent of five time zones and borders fourteen countries by land across an area of nearly , making it the third-largest country by land area. The country is divided into 33 province-level divisions: 22 provinces, 5 autonomous regions, 4 municipalities, and 2 semi-autonomous special administrative regions. Beijing is the country's capital, while Shanghai is its most populous city by urban area and largest financial center. Considered one of six cradles of civilization, China saw the first human inhabitants in the region arriving during the Paleolithic. By the late 2nd millennium BCE, the earliest dynastic states had emerged in the Yellow River basin. The 8th–3rd centuries BCE saw a breakdown in the authority of the Zho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payday Lenders
A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest rates. These loans are typically designed to cover immediate financial needs and are intended to be repaid on the borrower's next payday. The term "payday" in payday loan refers to when a borrower writes a postdated check to the lender for the payday salary, but receives part of that payday sum in immediate cash from the lender. However, in common parlance, the concept also applies regardless of whether repayment of loans is linked to a borrower's payday. The loans are also sometimes referred to as " cash advances", though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Legislation regarding payday loans varies widely between different countries, and in federal systems, between different states or provinces. To prevent usury (unreas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Koho (fintech)
Koho Financial Inc. (styled as KOHO) is a Canadian fintech company based in Toronto. While it is not a bank, the company is considered a neobank and provides banking services via Koho Financial Inc. pursuant to a license by Mastercard International Incorporated. History Koho was founded in 2014 in Vancouver. In January 2015, the platform was launched, offering its services through its beta mobile app. The company partnered with Peoples Trust and Mastercard for its banking services with the company providing all of the APIs and User Interfaces. Koho is not a member of Canada Deposit Insurance Corporation (CDIC), and not all deposits are insured; however, Koho accounts that earn interest are held in trust by CDIC-member institutions and funds would be returned to account holders by Peoples Trust in the event Koho fails. Later in 2017, Koho moved its headquarters to Toronto, after again receiving investment from Portag3 Ventures. In 2019, Koho was able to secure $25 million in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada Post
Canada Post Corporation (, trading as Canada Post (), is a Canadian Crown corporation that functions as the primary postal operator in Canada. Originally known as Royal Mail Canada (the operating name of the Post Office Department of the Canadian government founded in 1867), the ''Canada Post Corporation Act'' of 1981 abolished the Post Office Department and created the present-day Crown corporation that provides postal service. The act aimed to set a new direction for the postal service by ensuring its financial security and independence. Canada Post provided service to more than 16 million addresses and delivered nearly 8.4 billion items in 2022 and consolidated revenue from operations reached $11.11 billion. Delivery takes place via traditional "to the door" service and centralized delivery by 25,000 letter carriers, through a 13,000 vehicle fleet. There are more than 6,200 post offices across the country, a combination of corporate offices and private franchises that are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bulgarian Postbank
Postbank ( Bulgarian: Пощенска Банка, Poshtenska Banka), legally known as Eurobank Bulgaria AD (former legal name Eurobank EFG Bulgaria AD, date of change 11/1/2013), is a universal bank in Bulgaria. History Bulgarian Postbank was founded on April 2, 1991 as the postal savings system of Bulgarian Posts. In the years that followed, the bank experienced substantial growth and expansion. It is one of the few Bulgarian banks that managed to survive the banking crisis in Bulgaria in 1996–1997. On November 9, 1998, 78.23% of Postbank's capital was acquired by ALICO/CEH Balkan Holdings Ltd., a subsidiary of Eurobank Ergasias. In the following years, Eurobank Ergasias control grew to more than 90% of Postbank's equity capital. On December 21, 2006, Eurobank EFG acquired majority ownership of the Bulgarian DZI Bank, which was merged into Postbank in the third quarter of 2007 with the operational merger completing by the end of the year. On August 29, 2011, Euro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bulgarian Posts
The Bulgarian Posts () are the national postal service of Bulgaria. The company was established in 1992. Although it was transformed into a joint-stock company in 1997, it is fully owned by the state. History It traces its origin to the Bulgarian Posts and Telecommunications company, was founded as the Bulgarian Posts and Telegraphs after the Liberation of Bulgaria from Ottoman rule, as the provisional Russian administration handed over all post and telegraph offices to the newly restored Bulgarian state in 1879. It joined the General Postal Union in the same year. Following the end of World War II and the establishment of the People's Republic of Bulgaria the was dissolved and divided into two organizations: Ministry of Railways, Roads and Water Communications and Ministry of Posts, Telegraphs and Telephones which operated the postal system. From 1957 the Ministry of Post was merged back into the Ministry of Transport and Communications and the post was under its jur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bulgaria
Bulgaria, officially the Republic of Bulgaria, is a country in Southeast Europe. It is situated on the eastern portion of the Balkans directly south of the Danube river and west of the Black Sea. Bulgaria is bordered by Greece and Turkey to the south, Serbia and North Macedonia to the west, and Romania to the north. It covers a territory of and is the tenth largest within the European Union and the List of European countries by area, sixteenth-largest country in Europe by area. Sofia is the nation's capital and List of cities and towns in Bulgaria, largest city; other major cities include Burgas, Plovdiv, and Varna, Bulgaria, Varna. One of the earliest societies in the lands of modern-day Bulgaria was the Karanovo culture (6,500 BC). In the 6th to 3rd century BC, the region was a battleground for ancient Thracians, Persians, Celts and Ancient Macedonians, Macedonians; stability came when the Roman Empire conquered the region in AD 45. After the Roman state splintered, trib ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Brazil
Banco do Brasil S.A. (, ) is a Brazilian financial services company headquartered in Brasília, Brazil. The oldest bank in Brazil, and among the oldest banks in continuous operation in the world, it was founded by John VI, King of Portugal, on Wednesday, 12 October 1808. It is the second largest banking institution in Brazil, as well as the second largest in Latin America. Banco do Brasil is controlled by the Brazilian government and is listed at the B3 stock exchange in São Paulo. It has been one of the four most profitable Brazilian banks since 2000 (along with Itaú Unibanco, Banco Bradesco and Banco Santander) and holds a strong leadership position in retail banking. History Banco do Brasil was founded in 1808 by then prince regent John (later King John VI of Portugal) to finance the kingdom's public debt when he moved from Europe to Brazil. "As a mixed institution under state control, the Banco do Brasil served as a commercial bank, the government's fiscal agent, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Bradesco
Banco Bradesco S.A. is a Brazilian financial services company headquartered in Osasco, in the state of São Paulo, Brazil. It is the third largest banking institution by assets in Brazil and Latin America. It is also one of fifty most valuable banks in the world. The bank is listed at the B3 in São Paulo, where it is part of the Índice Bovespa, in the New York Stock Exchange and in the Madrid Stock Exchange. Its primary financial services revolve around commercial banking, offering Internet Banking, insurance, pension plans, annuities, credit card services (including football club affinity cards for fans) for customers, and savings bonds. The bank also provides personal and commercial loans, as well as leasing services. Bradesco is a pioneer in using the ATM biometric reading system in Brazil, which enables customers to be identified using the vascular pattern of their hands, serving as a complementary password, available at its 31,474 own ATMs and 5,549 ATMs of Banco24H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
