Finance Engineering JSC from Bulgaria has signed up with Eurogiro
We are very happy to announce that Finance Engineering JSC in Bulgaria has joined the Eurogiro co-operation. Finance Engineering was in September 2004 as the first private postal operator in Bulgaria granted an individual licence for providing part of the Universal Postal Service; Money Transfers. The licence was granted by the Communication Regulatory Commission, the official Bulgarian supervisory authority of the Postal organisations. Finance Engineering is in the process of building its distribution network, and the objective is to establish a Point of Sale in all cities of Bulgaria with a population over 3,000 inhabitants. The postal services provided by Finance Engineering will be branded POSTFINANCE. Initially the traditional Money Order will be the main product offered, but is the intention of Finance Engineering also to introduce the Eurogiro-TMO, the modern two-day cash transfer product. Austria, Portugal and Spain are some of the important countries for exchange of payments. The installation of the Eurogiro System is scheduled for the last week of May 2006.