Australia Post's Digital MailBox, for the delivery and storage of bills and other documents, is set to be launched later this month, the government-owned company has announced.
The storage service will use, and according to Australia Post, it will be an Australian-based cloud service.
In providing this free service to customers, Australia Post CEO Ahmed Fahour said that the company still had a role to play in bill delivery, even as physical mail delivery is on the decline.
"Just as the traditional letterbox has been a vital part of people's communications for the past two hundred years, we think the Australia Post Digital MailBox will become an integral part of everyday life," Fahour said.
The organisation today reported a loss of AU$148 million in its regulated mail business, but reported a 16.6 percent growth in profit for the entire business of AU$281 million for the 2011-2012 financial year, on the back of its parcel and non-regulated business profit of AU$546 million.
Fahour also announced today that the company would invest over AU$2 billion, over the next four years, in its national logistics network, and would create a universal digital platform. This was designed to offset the expected losses for the regulated part of the organisation, he said.
"This is the single largest investment in the network in Australia Post's more than 200-year history, and will significantly expand the capacity of our parcels network, making it world class," he said.
"Without this investment, we cannot sustain the enormous demand for parcel services, and continue the high level of service and reliability we've always delivered to Australians. This investment will provide the infrastructure and delivery options, to ensure Australian businesses and consumers can reap the benefits of the digital economy."
The company's telecommunications GM, Maha Krishnapillai,that Australia Post also plans to resell broadband and mobile services in the future.