Vietnam Post joins Eurorigo money payment network
Vietnam Post (VNPost) has become a
member of Eurogiro, a global network of financial institutions,
providing a payment gateway into the country, the company has said.
Vietnam Post (VNPost) has become a
member of Eurogiro, a global network of financial institutions,
providing a payment gateway into the country, the company has said.
Nguyen Quoc Vinh, its vice president, said on August 18 the membership provided an opportunity for the company to expand cooperation with postal companies, banks and financial services providers in 50 countries.
The decision to join Eurogiro was based on the benefits to be realised from the Eurogiro community and network whose core business had been offering quality international payments services for over 15 years and connectivity to postal and banking agencies in nearly 50 countries, he said.
VNPost will cooperate with Eurogiro members through bilateral agreements until 2011 before starting multinational cooperation.
It is scheduled to link up with the network next month and in the initial phase will provide cash receipts for international fund transfers at some 1,200 designated branches.
According to a World Bank report, Vietnam is the 10 th largest beneficiary of remittances among developing countries. The State Bank of Vietnam has forecast inflows of between 5.8-8.6 billion USD this year./.
Nguyen Quoc Vinh, its vice president, said on August 18 the membership provided an opportunity for the company to expand cooperation with postal companies, banks and financial services providers in 50 countries.
The decision to join Eurogiro was based on the benefits to be realised from the Eurogiro community and network whose core business had been offering quality international payments services for over 15 years and connectivity to postal and banking agencies in nearly 50 countries, he said.
VNPost will cooperate with Eurogiro members through bilateral agreements until 2011 before starting multinational cooperation.
It is scheduled to link up with the network next month and in the initial phase will provide cash receipts for international fund transfers at some 1,200 designated branches.
According to a World Bank report, Vietnam is the 10 th largest beneficiary of remittances among developing countries. The State Bank of Vietnam has forecast inflows of between 5.8-8.6 billion USD this year./.
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