Citi partners with India Post through Eurogiro for landmark remittances solution
Citi announced on 10 December 2009 a landmark partnership with the Department of Post, Government of India (India Post) to enhance its recently launched MO Videsh remittance product. This international remittance service is powered by Citi's innovative Worldlink® Payment Services, and provides India Post the ability to send payments in over 130 currencies globally through their existing Eurogiro payments platform.
This deal is significant for both Citi and India Post leveraging the Citi and Eurogiro partnership to provide India Post with the widest number of currencies globally. Citi's partnership with Eurogiro was signed in August 2007 to enable members of Eurogiro, a low value payments network of postal organizations and financial institutions, access to Citi's existing distribution capacity and payment solutions.
Please find the whole press release here.
Citi announced on 10 December 2009 a landmark partnership with the Department of Post, Government of India (India Post) to enhance its recently launched MO Videsh remittance product. This international remittance service is powered by Citi's innovative Worldlink® Payment Services, and provides India Post the ability to send payments in over 130 currencies globally through their existing Eurogiro payments platform.
This deal is significant for both Citi and India Post leveraging the Citi and Eurogiro partnership to provide India Post with the widest number of currencies globally. Citi's partnership with Eurogiro was signed in August 2007 to enable members of Eurogiro, a low value payments network of postal organizations and financial institutions, access to Citi's existing distribution capacity and payment solutions.
Please find the whole press release here.