Banco Postal starts operating in Angola

21 March 2017

From Tuesday Angola has another bank operating in the market, Banco Postal, which will support the development of companies and create jobs across the country, said Monday in Luanda the national director of Postal Services.

Walter Teixeira told Angolan news agency Angop that Banco Postal will meet the population’s needs in terms of payments for goods and services at a single bank and in places where sometimes there is no bank branch.

“Around the world people no longer send letters and so, taking into account the need to update the postal services, a postal bank allows people to do everything from paying electricity and water bills to buying insurance,” he said.

Banco Postal, a partnership with the Empresa Nacional de Correios e Telégrafos de Angola (National Post and Telegraph Company of Angola), ENSA Seguros de Angola, ENSA – Participações e Investimentos, EGM Capital and C8 Capital, will introduce innovation into the banking system by focusing on creating new ways to serve the market and new products to adress the real needs of customers, Teixeira said.

Banco Postal will focus on providing basic banking services in areas without access to those services throughout Angola, whilst providing access to the financial system. (macauhub)