Australia Post to Fill Void Made By Bank Branch Closures

AusPost may be in a position to fulfil a number of services traditionally offered by banks.

A general view of an Australia Post outlet in Sydney, Australia, on Oct. 28, 2020. Ryan Pierse/Getty Images

Australia Post may be poised to replace retail banking services that are swiftly becoming scarce.

At a Senate inquiry on Dec. 1, Australia Post maintained its ambitions to fill the void left by the nation’s prominent commercial banks in providing retail services.