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Eurogiro - Your Global Payments Community



Eurogiro is a unique payments network that connects different payments "ecosystems", e.g. postal organisations, post banks, commercial banks and other payment service providers, focusing on cross border high volume - low value payments.

Eurogiro facilitates members' cooperation in the field of international payments and offers efficient solutions supporting their offering to clients. Thereby Eurogiro helps increasing the business of its members.

To learn more, contact us at [email protected] or read What Eurogiro can do for you.


Brazil's Caixa Econômica Federal consolidates USD remittance processing with Eurogiro


Brazil's Caixa Econômica Federal has consolidated its US dollar settlement needs with Deutsche Bank via cross-border payments network Eurogiro.

 

Caixa, headquartered in Brazil and 100% owned by the Brazilian government, joined Eurogiro in 2010 for the disbursement of Japan Post Bank US dollar remittance transactions.

The Eurogiro settlement service allows its members to utilise their account with a central settlement service provider - Deutsche Bank - for all of their US dollar settlement needs instead of holding mutual accounts with each member with whom they transact.

Caixa participates in the Multi-Lateral Framework setup and connects to Eurogiro via the SWIFT Eurogiro Closed User Group on SWIFTNet (SECUG).

The Agreement between Caixa and Deutsche Bank was announced and signed during SIBOS 2011 - on 20 September 2011.       




 

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