HayPost: PosTransfer worldwide system of postal money transfers to be fully introduced before the yearend

YEREVAN, March 7. /ARKA/. Armenia’s national postal operator Haypost informed today about the start of PosTransfer project, a new worldwide system of postal money transfers under the Universal Postal Union (UPU). The first stage of this pilot project will be implemented by Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, the Russian Federation, Tajikistan and Ukraine. The new system will be fully launched by the end of this year.

The decision to create a united system of money transfers was adopted at an UPU Congress in Istanbul, in September 2016. 

According to HayPost, the united platform has been already created, and the brand style and the logotype of the service have been developed. PosTransfer postal money transfer system envisages the collection and payment of money transfers through the branch networks of the Postal Operators, using means of telecommunication, including mobile applications. 

The funds will be available for receipt immediately after the transfer, in online mode, according to the operational and technological standards, unique for all the member states. It is expected that the rest of member countries of UPU will join PosTransfer at later stages. 

UPU, the Universal Postal Union is an international intergovernmental organization and a specialized agency of the United Nations, active in 193 countries. -0-

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19:00 03/07/2017