© UPU 2009 – All rights reserved

Serguei NanbaPostal Financial Services Coordinator

International Bureau, Universal Postal Union

International and domestic remittances and postal

financial services to rural West Africa Annual Meeting 2010

Financing Facility for Remittances

Rome, 24 November 2010

Serguei Nanba – Postal Financial Services Coordinator

© UPU 2009 – All rights reserved

•

- BENIN

-BURKINA FASO

-MALI

-MAURITANIA

-NIGER

-SENEGAL

UPU-IFAD project in West Africa

© UPU 2009 – All rights reserved

Objectives:

• Provide access to the UPU international electronic remittance service

• Ensure the high quality of services

• Associate with postal account-based services

© UPU 2009 – All rights reserved

© UPU 2009 – All rights reserved

© UPU 2009 – All rights reserved

© UPU 2009 – All rights reserved

• Tariffs have been reduced by 30 to 50% and are now comprised between 2 and 4%

• 61% more money orders in 9 months

• New methodology applicable to other regions and projects

© UPU 2009 – All rights reserved

© UPU 2009 – All rights reserved

© UPU 2009 – All rights reserved

UPU – IFAD experience in Western Africa replicable in the Asia-Pacific and Central Asia regions

Estimated impact: provide access to remittance and social payment services to more than 800 million citizens in underserved rural areas

Potential countries: India, Indonesia, Kazakhstan, Kyrgyzstan, Malaysia, Tajikistan, and Uzbekistan