Azerpost: Postpay e-wallet expands DFS in rural Azerbaijan, linking remittances with financial inclusion
Azerpost precipitates on its journey becoming a national access infrastructure for digital and physical financial services. Guided by World Bank programs, the 1,600 post offices already deliver 30% of the inbound remittances, and handle many small payments and agency services. The e-wallet Postpay was piloted in 2019. In June 2020, Azerpost signed an agreement with IFC to expand in rural Azerbaijan, with new technologies and partnerships for remittances and banking services.
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