UPU develops draft project on e-money transfer development in Europe and CIS
Azerbaijan, Baku, Nov. 24 / Trend H.Valiyev /
The Universal Postal Union (UPU) has prepared a long-term comprehensive project on e-money transfer development in Europe and the CIS, Azerbaijani Communications and IT Ministry Postal Department head and Regional Commonwealth of Communications (RCC) Postal Service Commission Deputy Chairman Novruz Mammadov told Trend today.
Mammadov said the Financial Services Development Project will provide an additional impetus to expanding the e-money transfer network and the introduction of new services.
"The economic crisis has shown that the postal service could not limit their activities to one segment and they need to diversify their services," he said. "Today, the volume of postal orders has reduced, and this trend has become even more acute during the global financial crisis. However, despite this, opportunities and prospects opened for postal services. Today, many postal administrations have started to diversify their services. They work hard to develop areas such as e-commerce, integrated services, logistics, and financial services."
According to Mammadov, the UPU initiative aims to meet the needs of the migrant population and is based on the creation of the UPU financial networks, and providing access to reliable and affordable money transfer services.
Financial services, he stressed, create opportunities for postal services to increase their revenue, which directly promotes economic development.
Today, the Azerbaijani Azerpoct national postal operator has over 600 post offices connected to a an automated corporate information system, which allows for the provision of such services.
Mammadov earlier told Trend that the project is expected to be officially presented on Dec. 1. UPU General Director Eduard Dayan is also expected to attend the event.