04.03.2013 -
Setting up a clearing system and adopting a common collective brand
are among the priorities to facilitate the rapid evolution of electronic
money transfers by post.
With the first international, electronic postal money transfer
service celebrating its twelfth anniversary this year, a strategic
conference held in Paris on 28 February and 1 March 2013 helped launch
the UPU’s future work in this area. The conference was organized jointly
by the UPU, Le Groupe La Poste and La Banque postale.
The heads of about 30 Posts, their managers of postal financial
services and UPU experts agreed on the need to move quickly on these
priorities.
They also discussed the idea of setting up a body to oversee the
quality of money transfers and replacing once and for all the paper
money order, which no longer meets customers’ needs, with the faster,
more secure and traceable electronic transfer.
Centralized system
Conference participants strongly supported the project to set up a
clearing system to help guarantee transfer payments among postal
operators.
A pilot project in Latin America, where 10 Posts are exchanging money
transfers among themselves and with Spain's Correos, is proving its
worth.
Another priority is to adopt a common collective brand for all Posts
that offer or plan to offer an international electronic money transfer
service.
Known as Mandat Electronique International or MEI in France and in
several African Posts, Correogiros in Spain and Latin America, and the
e-money order in Mauritius, the service goes by various names depending
on one’s location.
The UPU wants member countries this year to validate a common brand
that would help Posts strengthen their service’s visibility and
marketing efforts.
With 670,000 post offices in the world, postal money transfers are
important for migrants and inhabitants of rural and isolated regions,
where banking institutions are seldom found.
France’s La Poste was the first to create its Mandat Electronique
International in 2001. About 60 Posts are today connected to the UPU’s
network, using the International Financial System application to offer
electronic money transfers.
Source : http://news.upu.int
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