UPU seeks support for express money order

Universal Postal Union (UPU) is mustering the support of regional postal organisations for its International Express Money Order service which is designed to provide speedy electronic money transfer through the postal network backed by the UPU-developed IFS (international financial services) software.

Gulf postal organisations were introduced to the new service at a workshop held recently in Dubai under the chairmanship of Emirates Post. The participating countries included the UAE, Saudi Arabia, Qatar, Syria, Jordan, Egypt, Yemen, Tunisia and Djibouti.

Speaking on the occasion, Henri Biadala, head of the working group on IFS, La Poste, said the new product was part of UPU’s efforts to eliminate paper-based remittances and grab a larger share of the remittance market by providing affordable money transfer through the postal network.

“This workshop is part of a series of regional workshops initiated by UPU to familiarise all stake holders with the IFS-based International Express Money Order,” said Biadala.

“IFS is a reliable, adaptable and easy-to-use tool and can be installed in the remotest areas of the world. The pilot projects have already been successfully carried out in many countries.”