Tag: New Zealand Post

Postal banks put their stamp on financial services market

Germany’s Deutsche Post is the centre of attention with the initial public offering (IPO) of 50 percent of its subsidiary Postbank–and subsequent possible acquisition by Deutsche Bank–due to take place in June. However, there have been changes afoot in other countries, with some postal services continuing to make major inroads into their countries’ financial services markets.

“The postal systems around the world are dinosaurs, but there’s a lot of potential there,” says Stuart Castledine, a partner with Calleva, a consultancy advising a number of postal banks on the development of their banking services. “Postal administrations are not new kids on the block. Many of them have been going for 150 years.

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NZ Datamail buys into Outsource Australia

New Zealand Post subsidiary Datamail has bought a 75 per cent stake in outsource provider Outsource Australia (OSA).

The combined resources of New Zealand Post, OSA and document management company Datamail would provide “end-to-end” business solutions for customers, OSA said.

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New Zealand Post continues evolution with solid half-year result

The evolution of NZ Post has continued with a solid half-year result built on squeezing the best out of its courier business, more transtasman mail and extra revenue from Kiwibank.

The state-owned enterprise has reported a lift in profit for the six months to December 31 to NZD 21.7 million – up from the previous corresponding period’s NZD 19.7 million.

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New Zealanders spurning personal letter-writing quickest

New Zealanders are spurning personal letter-writing far more quickly than scribes in other countries – and NZ Post is feeling the pinch as a result.

The state-owned enterprise, which has a 95 per cent share of the domestic letter market, said that volumes of the humble stamped envelope had fallen 3.7 per cent in the second half of last year.

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