Tag: EUROGIRO

Fund transfers for Mongolians get faster

Posted by | Jan 8, 2008 | |

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.

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BT delegation in Algeria to give a boost to pending projects

Posted by | Oct 2, 2007 | |

Experts from British Telecom Group are to visit Algeria early in November after recurrent delays. While, a delegation of both money- transfers groups namely Travelex and Eurogiro.

British Telecom delegation agenda includes talks about partnership project and strategy agreement on technological assistance with Algerie Telecom and Energy and Mines Ministry officials. The talks are meant also to pave the way to settle a training academy of new technologies, as well as opening a BT representation in Algeria.

British Telecom experts are to expose, however, feasibility studies and presenting and audit of accounts of the new technological city of Sidi Abdallah.

In another context, a delegation representing both Travelex and Eurogiro groups, which are among the most important European money transfer companies, are to make a work visit to Algeria early in the upcoming November. Travelex has already proposed during its first visit to both Algerie Telecom and some state-owned banks to integrate in their networks as a first step to enter into the Algerian market.

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