DUBLIN: An Post, the Republic’s postal service provider, has expanded its financial services offering with the launch of an app for its An Post Money brand and a current account for people aged seven to 15.
An Post Retail head Debbie Byrne described the app and the kids’ account products as “industry leading”.
‘‘We are committed to offering An Post Money customers a better experience to manage their everyday banking needs, enabling them to take control of their finances and build better financial habits,” Ms Byrne said.
The state-owned postal service company said the children’s account will provide them with financial literacy and independence, and that new app features would be introduced in the coming months.
Ms Byrne stated earlier this year that the company is becoming established as a “challenger” in the retail banking market.
An Post, which already has partnerships with AIB and Bank of Ireland, plans to start providing residential mortgages next year, in collaboration with an underwriting partner. It also plans to begin lending to SMEs.
According to An Post’s CEO, David McRedmond, the withdrawal of Ulster Bank and KBC Bank from the Republic provided the best opportunity for the company to expand its presence in the financial services market.
Mr McRedmond recently said that An Post’s branch network has a bright future since it would grow through a co-location model, with post offices placed within supermarkets and convenience stores. He also said that a number of non-viable standalone offices will be closed.
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