Eurogiro News
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Correios do Brasil - Mobile Postal Bank
The issue of financial inclusion has been given a high priority in global discussions, described as an issue
in need of strong attention and effective action by governments worldwide. In Brazil, it has strongly mobilised
government authorities and public entities over many years
In May 2012 in Brasília, the Central Bank
of Brazil launched its Plan of Action to
strengthen the Institutional Environment
under the National Partnership for Finan-
cial Inclusion, whose objectives include
facilitating people's access to information
on the use of financial services. At the
time, it was commented there was a wide-
spread misconception on what drives de-
velopment for the economy: namely, many
people believed that the country needed to
"grow in order to include" when in fact
we need "to include in order to grow".
On that topic, the participation of banking
correspondents (non-banking institutions
providing financial services to citizens)
was mentioned as a strong driver of Bra-
zil's success in overcoming geographical
barriers and adding millions of new clients
to the National Financial System.
As part of the search for alternatives to
overcome these challenges, the Correios
do Brasil (the official name of the Brazilian
Post Office Service) created the Banco
Postal (Postal Bank) in 20
0
1 to act as a
banking correspondent, providing basic
special financial services. Since then, the
Postal Bank has extended its services
to the outskirts of big cities and to small
municipalities in the countryside of Brazil,
Al Barid Bank in Morocco launches mobile banking
Household mobile penetration stands at 110% in Morocco; this is double the banking rate of the country
It is within this context that Al Barid Bank has
launched its Mobile Banking service named
"Barid Bank Mobile" which represents a stra-
tegic opportunity for the bank to improve the
banking penetration to its low-income popula-
tion and to increase customer loyalty.
Indeed, this new service constitutes an impor-
tant step forward for Al Barid Bank in terms of
financial inclusion, of reducing waiting time in
branches, developing the GNP and rejuvena-
ting customers.
“Barid Bank Mobile” is a banking service
accessible via mobile phones for both Al
Barid Bank’s customers and non-customers.
It allows access to bank account informa-
tion services (account balances and latest
operations, the full bank account number RIB,
etc.) and transactional services (account to
account transfers, account to cash transfers,
bill payments, etc.) via a preloaded mobile
application or via an interactive voice server
application.
The “Barid Bank Mobile” offer is character-
ised by its simplicity and accessibility to the
general public. The subscription to the service
is free and charged only when used. The
[email protected]
Al Barid Bank in Morocco
>
Offers the following products to end
customers: day-to-day banking, loans,
savings, national and international
money transfer, exchange, multi-
channel banking
>
Founded 1998 as Barid Al Maghrib
(Poste Maroc) and obtained bank
license in 2010
>
1800 branches spread across the
country
>
Member of Eurogiro since 1997
service is compatible with almost all phone
generations, regardless of the network
provider, and is secured via systematic
PIN code input at the moment of operating
each transaction.
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