Emirates Post, India Post in tie-up to offer money transfer
UAE’s Emirates Post and India Post have inked a Memorandum of Understanding (MoU) to enable UAE residents to transfer money to India through India Post’s vast postal network.
The MoU was signed recently in New Delhi by Salem Al Shaya, Assistant Director General, Operations, Emirates Post and Faiz-Ur-Rehman, Director General of India Post, during a recent visit of an Emirates Post delegation.
The move is aimed at helping UAE residents send money to their relatives by using the secure UPU-approved IFS system that will ensure delivery of money to every corner of India at reasonable rates. India has a network of 155,333 post offices, the largest in the world, covering the remotest corners of the country.
An India Post delegation will be visiting UAE next month to view Emirates Post’s facilities and arrangements, including IT systems, before implementing the system, said a press release.
Both sides expressed satisfaction at the level of cooperation between India and the UAE, and identified new areas, including parcels, Mumtaz and the Mail Transit hub in Dubai, to take the cooperation to the next level. The Emirates Post delegation included Saif Al Shehhi, Operation Director, and Nasser Qadoumi, consultant, postal services.
“The UAE and India has always had friendly relations in all fields, including postal areas,” said Salem Al Shaya. “As we have a large number of Indian customers, our efforts are focused on introducing better and more attractive products for them. This MoU is a significant development that will benefit hundreds of thousands of people in the India.”
