Western Union money transfer system to be available in Azerpost's most branches by late 2011
Azerbaijan, Baku, Feb. 16 / Trend H. Valiyev /
The services of Western Union money transfer will be available in most branches of the Azerbaijani state postal operator LLC Azerpost by late 2011, head of the postal services department of the Azerbaijani Communications and IT Ministry, chairman of the postal services of the Regional Commonwealth of Communications Novruz Mammadov said.
Today, a meeting was held in Baku between representatives of Azerpost and Western Union Company to discuss rendering of money transfer services via this system in the operator's branch network.
The partnership agreement on implementing money transfer services was signed in November last year.
Western Union Regional Vice President in Eastern Europe and CIS, Jonathan Knaus, said that the agreement between Western Union and Azerpost will create the conditions for sending and receiving money transfers virtually in every settlement of the republic.
The cooperation between Western Union and Azerbaijani postal operator will provide the company's customers with the opportunity to send money transfer to any world country, as well as to receive money transfer from any world country in urban and rural post offices of Azerbaijan, he said.
Mammadov spoke about the project of developing financial services. It is being implemented by the World Bank. He expressed confidence that the cooperation with Western Union will be long and fruitful.
The financial services are rendered at post offices of the republic within the project of developing financial services. According to the program, roughly 1,200 of more than 1,600 post offices of "Azerpost" will render financial and banking services, including implementation of various payments, opening the account, as well as sending and receiving money transfers.