Tag: Uruguay

Spain and the UPU undertake to develop postal financial services in Latin America

Posted by | Dec 12, 2007 | |

Magdalena Alvarez Arza, the Spanish minister responsible for the postal sector, and Edouard Dayan, Director General of the Universal Postal Union (UPU), signed an agreement in Madrid yesterday whereby Spain and the UPU undertook to implement the International Financial Transfer System (IFS). Under this agreement, Spain, through the postal operator Correos, will connect Latin America with the UPU’s electronic financial network, thereby improving the quality of postal services and providing small and medium-sized businesses with access to postal markets.

In addition to the strategic benefits of this agreement, which formalizes Spain’s support for the UPU’s worldwide electronic fund transfer network, the Spanish government will help migrant workers based in Spain to keep in contact with their countries of origin and to transfer part of their savings to their families in a secure and affordable manner.

Spain is currently the leading issuer of remittances sent from the European Union to Latin America. According to a study conducted by the Bank of Spain, in 2006, the 4.5 million immigrants residing in Spain sent over 6.25 billion EUR to their families back home. Spain’s participation in the IFS network will also open up new opportunities with the Maghreb countries.

As part the regional development plan created by the UPU and the Postal Union of the Americas, Spain and Portugal (PUASP), a pilot project between Spain, Chile and Uruguay will be launched shortly, based on the action plan approved by all parties. This agreement will also mark the beginning of a new phase of closer cooperation between the teams of Correos, the UPU, PUASP and the Latin American Posts, which will together provide the technical expertise needed to establish these financial flows.

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UPU Strategy: round tables in Montevideo and Vienna

Posted by | Sep 14, 2007 | |

The series of UPU regional round tables on the future World Postal Strategy continues. On 3 and 4 September, it was the turn of member countries of the Postal Union of the Americas, Spain and Portugal (PUASP) to add their input to the next UPU postal strategy: Nineteen Latin American countries, as well as Canada, United States of America and Spain, recently met in Montevideo (Uruguay).

Another round table was held in Vienna (Austria) on 11 September, bringing together members of the Association of European Public Postal Operators (PostEurop). Like the other regional encounters, the Vienna round table also decided on priorities, in this case those of European operators for the upcoming Nairobi cycle, among them quality of service, the regulatory context and corporate social responsibility. PostEurop has yet to approve these priorities. The European Committee for Postal Regulation (CERP) announced that it too would discuss the World Postal Strategy before the end of the year.

Since the first round table, held in the Russian Federation in June, 252 participants from 107 countries have had the opportunity to give their views of the future strategy. The International Bureau has just sent out the first draft strategy document to all UPU member countries for comment. This wide-ranging consultation will enable all member countries, not just those elected to the Union’s decision-making bodies, to have a say in the discussion. Before being adopted by member countries at the 2008 Nairobi Congress, the UPU’s future four-year roadmap will be discussed at the joint sessions of the Postal Operations Council (POC) and the Council of Administration (CA) in February 2008. The future strategy covers three main themes: the interconnectivity of networks, governance of the postal sector and the development of markets and economies.

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Correo Uruguay seeks alternative sources of income

Posted by | Jun 11, 2004 | |

The Uruguayan government is concerned with the crisis hindering the mail service Correo (Administracion Nacional de Correos) which has piled up liabilities of USD20mil, most of it with the Banco de Prevision Social, with the workers cooperative, and with the BROU. Correo annual imbalance is estimated at USD3mil and the company is pursuing a strategy to diversify its services to the distribution of tariffs for public services rendered by government owned UTE (light), OSE (water & sewage), and Anel (telephone).

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State companies urged by Correo Uruguay to move on digital signatures

Posted by | Nov 17, 2003 | |

Uruguay’s state-owned companies must move to accept digital signatures as the fastest way to boost the transfer of electronic documents in the country, according to Fernanda Burgueno, head of electronic services at the state-owned postal service, El Correo. The postal service was the first digital certification authority in Uruguay, and began providing services in 1998, Burgueno said. Since then, the only major player to have introduced digital signatures was the central bank, which accepts digital signatures from other financial institutions, using El Correo as the third party authenticator.

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