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RP Live with Brett Scott

Macro N Cheese

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Post Office Bank Accounts Will Help the War on Cash?

Postal banking is all about giving access to financial services to people who normally screwed by the standard banking sector. A lot of what's happening right now, for example, I don't know about the US, but a lot of the commercial banks are basically saying we're not interested in maintaining access to cash. The corporate sector sometimes uses these alternatives as an excuse for not doing any action itself. They say, oh, well, the post office will deal with where we should also be pushing mainstream banks to be active players too.

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