Tag: Asia

Emirates Post and India Post in tie-up to offer money transfer through Indian postal network

Posted by | Oct 24, 2007 | |

The MoU was signed recently in New Delhi by Mr. Salem Al Shaya, Assistant Director General, Operations, Emirates Post and Mr. 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.

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 two sides appointed teams to thrash out different issues before converting the agreement into an agreement. 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.

‘The UAE and India has always had friendly relations in all fields, including postal areas,’ said Mr. 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.’

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Government to set up ATMs in post offices in India

Posted by | Oct 21, 2007 | |

In order to take economic development and technology to large masses of the country, government is contemplating to install especially designed Gramtells (rural ATMs) at post offices.

The suggestion to set up Gramtells at post offices formed part of the recommendations of the Steering Committee on Micro Finance and Poverty Alleviation, which is being considered by the Planing Commission for incorporation in the Eleventh Plan (2007-12).
Gramtellers are rural ATM machines developed by Indian Institute of Technology (IIT), Madras. They operate by using smart cards and fingerprints in place of conventional personal identification numbers and magnetic cards.

“The post office network in the country should be used to deliver banking services, especially in the rural areas,” the Committee suggested.

They should further be encouraged to work as business facilitators and banking correspondents in accordance with Reserve Bank guidelines, it said.

The Common Service Centres (CSC), developed by the Information Technology Department to take electronic services to villages, may also be linked to post Offices to synergise the technology to handle financial products, the Steering Committee proposed.

It recommended that multi-purpose, unique ID-based smart card system should also be utilised for effective delivery of micro-credit.

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AFL, Singapore PE firm tie up for cargo airline

Posted by | Oct 19, 2007 | |

Cardinal Aviation Partners (CAP), a Singapore-based PE firm, has entered into an agreement with AFL Logistics, the logistics & supply chain management subsidiary of the Mumbai-based AFL group, to float a domestic cargo airline venture in India, Quickjet.

According to sources, CAP will hold majority stake in the venture while AFL Logistics will have a 13 pct stake. “We have entered into an agreement with CAP and intend to launch the service by December 2008,” said a top AFL executive, who requested anonymity.

The move is significant for AFL Logistics, as the company makes its entry into the air cargo space with this dedicated freighter service offering. As per the initial plan, Quickjet will flag off services with two Boeing 757s. The fleet will be expanded later, depending on the volumes.

AFL has been attempting to strengthen its logistics business in India since 2006. Earlier, the focus was on building warehousing capability. Of late, the logistics division has shifted its attention towards creating a strong road network in India along with the addition of more service offerings, with air cargo being the latest entrant.

According to sources close to the development, in a recent move, AFL Wiz has ended its 25 year franchisee alliance with DHL and has tied up with United Parcel service (UPS) as its franchisee in India. Under the arrangement, AFL Wiz will undertake pick up, delivery and offer credit facilities for international shipments of UPS customers in all locations over India.

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DHL plans more outlets in Malaysia

Posted by | Oct 19, 2007 | |

DHL plans to open several more DHL Servicepoint outlets over the next three years throughout Malaysia to strengthen its existing network.

The move is also to further grow its customer base, particularly the small and medium enterprises (SMEs), it said in a statement today.

It now has eight outlets in Malaysia with the latest being in Miri, Sarawak, which was opened today.

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KDDI and Japan Post Service offer SMS to snail mail for holidays

Posted by | Oct 18, 2007 | |

Japan Post Service Co. and KDDI are dumping tech into the snail mail world with an SMS to paper mail service. KDDI customers will have the option to create a New Year’s cards on their mobile, then send them to the Holiday partnership for printing and mailing. Japan Post Service is said to be planning on using all of its 24,000 offices in the country to print and get the cards out for the expected 10 million customers. The opportunity for gag cards here boggles, we’re wishing we see something like this over here someday.

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