Fund transfers for Mongolians get faster
Mongolians workers in Korea can now send money to their home country much faster than before.
The Korea Post launched Monday (Jan.7) the so-called Eurogiro service with Mongolia, which enables people in Korea to wire money to Mongolia within three to five days using an electronic money transfer system.
Eurogiro is a fast and cost-effective electronic transaction system that easily allows cross-border transfers of funds.
Users can directly send money to the recipient’s home address through the system or deposit money into an account issued by a postal office to transfer funds.
Previously wiring money to Mongolia from Korea had taken much longer, because users first had to get a certificate of money exchange from Mongolia and then send money by mail.
With the launch of the service, Mongolia is the third country to use Eurogiro with Korea, following Japan and Switzerland. The Korea Post plans to further expand the number of countries to use the service with.
60 countries are members of the Eurogiro network. Mongolians workers in Korea can now send money to their home country much faster than before.
The Korea Post launched Monday (Jan.7) the so-called Eurogiro service with Mongolia, which enables people in Korea to wire money to Mongolia within three to five days using an electronic money transfer system.
Eurogiro is a fast and cost-effective electronic transaction system that easily allows cross-border transfers of funds.
Users can directly send money to the recipient’s home address through the system or deposit money into an account issued by a postal office to transfer funds.
Previously wiring money to Mongolia from Korea had taken much longer, because users first had to get a certificate of money exchange from Mongolia and then send money by mail.
With the launch of the service, Mongolia is the third country to use Eurogiro with Korea, following Japan and Switzerland. The Korea Post plans to further expand the number of countries to use the service with.
60 countries are members of the Eurogiro network.
