Correos Chile backs government bid to cut delayed payments
Correos Chile has joined a government initiative encouraging businesses in Chile to make their payments to suppliers within 30 days.
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Posted by Ian Taylor | Jan 11, 2012 | News |
Correos Chile has joined a government initiative encouraging businesses in Chile to make their payments to suppliers within 30 days.
Read MorePosted by Ian Taylor | Jan 3, 2012 | News |
More of the latest postal sector news from around the world, also including Polish Post’s parcel network expansion and China Post’s deal with Kazakhstan…
Read MorePosted by Ian Taylor | Sep 22, 2011 | E-Commerce |
A delegation from the Chile’s postal service is visiting Estonia this week to find out about the country’s network of parcel terminals, part of an increasing trend in Europe.
Read MoreIn light of this situation, the union has engaged in a relentless fight in defence of the jobs of its members.
Read MoreChile, Spain and Uruguay launched a new electronic money transfer service linking their countries, bringing Latin America into the fold of the Universal Postal Union’s international financial network.
People in all three countries will now be able to use the postal network to send and receive money to and from abroad. The service is currently offered in 110 post offices in Chile, in 2,300 in Spain and in 60 in Uruguay. The service is fast and secure; money transfers can be executed and delivered in 15 minutes.
The service relies on the International Financial System (IFS) application developed by the UPU’s Postal Technology Centre. IFS is the backbone of the UN specialized agency’s international financial network. The launch of the new service between Spain and Latin America is part of the UPU’s global efforts to modernize the obsolete paper postal money order and respond to some of the challenges posed by the phenomenon of international migration, including better access for migrant workers to secure remittance services through formal channels, such as the 660,000 or more post offices around the world.
According to World Bank data, more than 220 million migrant workers send over 300 billion dollars annually through formal channels. But officials believe that just as many remittances are being sent through informal channels, promoting money laundering and financing terrorist-related activities. Spain is home to 4.5 million immigrants, 1.6 million of them from Latin America. In 2006, these immigrants sent in excess of 6.25 billion euros to their families in their countries of origin, according to the Bank of Spain. By joining the UPU’s international financial network, Spain will be better able to meet the needs of this Latin American population, and there is now the potential for opening exchanges with countries in North Africa.
The new service is being launched following an agreement signed last December between Spain and the UPU.
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