Correos launches new money transfer service to Uruguay
The Spanish postal operator Correos this week launched a new international express postal order service that will enable money to be fast-tracked to Uruguay. In time, the system will be able to transfer money to Chile and Morocco.
The service is the result of an agreement signed by the Correos and Uruguayan Mail during the 24th Congress of the Postal Universal Union (UPU) that was held in Geneva. The international urgent postal order is already operative in 60 offices of the Uruguayan Mail but it now means that money can be transferred back and forth in the space of 15 minutes, and a significantly reduced cost to that offered by other money transfer services.
The service uses the International Financial System (IFS), designed by the Center of Postal Technologies of the UPU, designed to create a trustworthy and sure network for the transference of money by electronic means between the postal operators. It also fulfills a commitment of agreement of cooperation signed by the UPU and the Government of Spain in December, 2007 with the aim to introduce direct transfers to South America and the North Africa, through the network international financier of the UPU.
The Spanish postal operator Correos this week launched a new international express postal order service that will enable money to be fast-tracked to Uruguay. In time, the system will be able to transfer money to Chile and Morocco.
The service is the result of an agreement signed by the Correos and Uruguayan Mail during the 24th Congress of the Postal Universal Union (UPU) that was held in Geneva. The international urgent postal order is already operative in 60 offices of the Uruguayan Mail but it now means that money can be transferred back and forth in the space of 15 minutes, and a significantly reduced cost to that offered by other money transfer services.
The service uses the International Financial System (IFS), designed by the Center of Postal Technologies of the UPU, designed to create a trustworthy and sure network for the transference of money by electronic means between the postal operators. It also fulfills a commitment of agreement of cooperation signed by the UPU and the Government of Spain in December, 2007 with the aim to introduce direct transfers to South America and the North Africa, through the network international financier of the UPU.
