Azerbaijan Post Office to reduce tariffs for international money transfers

ICT Materials 11 June 2014 17:25 (UTC +04:00)

Baku, Azerbaijan, June 11
By Huseyn Valiyev - Trend:

Azerbaijani postal operator - "Azerpoct" LLC is considering reduction of tariffs on money transfer services provided by the STEFI system (Secured Transfer of Electronic Financial Information), the company told Trend.

The said issue is being reviewed in the framework of the Regional conference on postal financial services and electronic money transfers, which takes place on June 11-12 in Kazakhstan.

The conference is held within the framework of the multi-year complex "Development and improvement of e-payment services" project of the Universal Postal Union.
The aim of the project is to support the CIS countries` operators in the further development and improvement of electronic payments through expanding network, improving services and e-payment and provision of new services.

Azerbaijan will also consider the possibility of deploying new services in the base of STEFI system. Today, the postal operator of Azerbaijan offers urgent money transfer services via STEFI system to Ukraine, Belarus, Moldova, Russia, Kazakhstan and the UAE. The service will also be launched with Kyrgyzstan in the near future.

The main advantage for the Azerbaijani post office is that the income earned within the framework of transactions on the STEFI system, remains under the disposal of "Azerpoct" LLC. The STEFI system developed by the Postal Technology Centre of the Universal Postal Union allows transfer from paper exchange of international postal transfers to the electronic order.

Edited by CN