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Eurogiro - Your Global Payments Community

Eurogiro is a unique payments network that connects different payments "ecosystems", e.g. postal organisations, post banks, commercial banks and other payment service providers, focusing on cross border high volume - low value payments.

Eurogiro facilitates members' cooperation in the field of international payments and offers efficient solutions supporting their offering to clients. Thereby Eurogiro helps increasing the business of its members.

To learn more, contact us at [email protected] or read What Eurogiro can do for you.

Paositra Malagasy in Madagascar has joined Eurogiro

Eurogiro is pleased to announce that Paositra Malagasy joined the Eurogiro community in December 2007.

Paositra Malagasy is a 100% state owned service provider offering postal and financial services in Madagascar. The Post has 354 points of sale of which 230 are Post offices covering country wide. The Post offers standard postal money orders and express money orders and has also recently joined Western Union as a direct agent. The post does not hold a full banking licence as they are not allowed to offer loans and credit accounts, but only current accounts. They do have access to the domestic clearing via the Central Bank and thus also able to forward account payments to third banks in Madagascar.

Paositra Malagasy is therefore interested in exchanging both cash and account transfers via Eurogiro.

The biggest potential traffic volume is with France, Switzerland, Spain, Italy and Japan (and potential Eurogiro countries such as Djibouti and South Africa). It is expected that Paositra Malagasy will be operational and live end of 1Q 2008.

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