Eurogiro welcomes San Marino Post
A public entity, sited in the oldest republic in the world and the smallest country in Europe, joins the Eurogiro Community and will benefit from fast international money orders to customers from 1st January 2013
San Marino Post was established under Government law n. 54 of 21st May 2012. It is a public entitiy with legal personality and an independent organisational, administrative, accounting and regulatory framework, created to ensure the provision of financial and postal services, previously provided by Poste Italiane on San Marino territory.
The potential customers of San Marino Post during its start-up can be divided into two main categories: economic agents, and physical persons. According to the results of a market analysis previously carried out, the penetration of the overall catchment area is roughly 45%. In the physical persons market the penetration is 52% and consists of 19,204 individuals.
To start with, San Marino Post will focus on two groups of potential relevant partners among Eurogiro members and will start with introducing only cash payments with Poste Italiane as the first partner. San Marino Post will go live in production end of December 2012.