Eurogiro - Your Global Payments Community

Eurogiro: The annual meeting for postal organisations and banks opens in Athens - Co-hosted by ELTA Hellenic Post, member since 2000

Copenhagen/Athens, 7 May 2012 - Tomorrow Eurogiro's annual Community Meeting will bring together more than 60 members of the Eurogiro network to share strategies for the development of the money transfer business throughout the world. Many payments made in Greece, and transferred rapidly and reliably to a beneficiary in another country, are likely to have been carried by Eurogiro, a community of important postal organisations, banks and networks in the international electronic payments business.

"The community is the backbone of Eurogiro and much business is initiated at the annual member meeting" confirms Søren Rose, CEO of the Copenhagen-based company. According to Mr. Rose the payments business has grown steadily, despite the current financial crisis, and Eurogiro has continuosly expanded its member base throughout the world, providing cost efficient and flexible payment services. Eurogiro members provide reach for payments to both urban and rural customers alike".

Eurogiro, founded in 1993 by twelve European postal organisations, is a commercial company whose aim it is to develop worldwide business relating to the cross-border payments of both retail and wholesale financial services. The Eurogiro community is the driving force behind all business developments. Over the past twenty years, the company has evolved from a platform of postal organisations and banks into a trusted partner at a global level, processing over 30 million payments every year.

ELTA Hellenic Post - a Eurogiro member since 2000 - is an active member and contributor within the Eurogiro community. "Hosting this year's Eurogiro Community Meeting is a great privilege, but also an important part of our strategy and our efforts to ensure that our customers are provided with an attractive offer for cross-border payment services" said Mr Christos Varsamis, President and CEO of the Hellenic Post S.A. "The implementation of Eurogiro electronic money orders enabled us to significantly accelarate the performance time of the service and to considerably improve its quality".
The most important corridors for Eurogiro incoming money orders to Greece for almost ten years now are: Belgium, Germany, Switzerland, France, and Italy.

In September 2010, Hellenic Post-ELTA launched the new Giro Account in cooperation with the National Clearing System through which customers can hold payment accounts (interest-free current accounts) and used exclusively for payment transactions. In this way ELTA can keep payment accounts in order to serve these financial activities.