The Post Office is now a rojak business entity, and is a moneylender, so maybe considered a Financial Institution, now they sell health insurance products, next they would be pushing investment products issued by Insurance Companies, that has nothing to do with Insurance. Just wait and see.
The post office has been involved in financial services for ages. POSB started as a post office counter. Bill payment, money order and forex remittance services have been always there for the convenience of the public.
Bancassurance was introduced later but still in line and natural. Question should be, there shouldn't be any sales soliciting.
And MRT stations, Shopping Malls, and....and....and.....etc.
ReplyDeleteThose 'pretty young things' sure have alluring effects.
The Post Office is now a rojak business entity, and is a moneylender, so maybe considered a Financial Institution, now they sell health insurance products, next they would be pushing investment products issued by Insurance Companies, that has nothing to do with Insurance.
ReplyDeleteJust wait and see.
The post office has been involved in financial services for ages. POSB started as a post office counter. Bill payment, money order and forex remittance services have been always there for the convenience of the public.
ReplyDeleteBancassurance was introduced later but still in line and natural. Question should be, there shouldn't be any sales soliciting.