Benefits for postal organisations
Eurogiro is one of the largest global payments network communities of postal organisations, post banks, as well as commercial banks and other financial services providers, for cross-border low value payments
Postal organisations around the globe - in Europe, Asia Pacific, the Americas and Africa - have chosen the Eurogiro network to send international remittances and payments. Moving from the traditional postal transfers and money order to the electronic exchange of money orders and credits, Eurogiro provides postal organisations the business opportunity for new financial services revenue, as well as cost and processing efficiency through its network services.
Through the Eurogiro community, business framework, and IT network, postal organisations have a full range of options to create more relevant international remittance and payment products for their local market. With an unmatched global reach, postal organisations can offer retail and wholesale customers cash-to-cash transfers, cash-to-account transfers, account to account transfers and vice versa, CODs, pension payments and much more.
With Eurogiro's SWIFT-based messaging for the electronic exchange of payment instructions, postal organisations have the ability to connect to one system and exchange payments with many
Eurogiro customers and
partner networks such as IFS, Western Union, other posts and commercial banks through a direct interchange. Eurogiro provides the flexibility and control through its network infrastructure for postal organisations to create a variety of international remittance and payment product to meet local market needs.
Based on the Eurogiro services for intermediaries, postal organisations can consolidate their value offering and improve the utilization of their unique postal network - first and last mile in the remittance chain. Postal organisations can thereby strengthen their importance as a catalyst for financial inclusion through remittance services for the growing population of migrant workers.