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Eurogiro News
With this year’s theme
‘PHILPOST: Bagong
Simula, Bagong Sigla’
(PHILPOST: New
Start, New Synergy) the corporation, under
the new leadership of Postmaster General
and CEO Ma. Josefina M. Dela Cruz, aims to
surpass all the challenges and fully restore
the glory of postal service in the Philippines.
To initialise the improvement of the Philip-
pine Postal Service, the PhilPost Board of
Directors recently authorised the Postmas-
ter General to enhance the existing Postal
Money Order System. The upgrading aims
to manage inward remittances and pay-out
channels through the use of existing bilateral
agreements, enabling expansion into global
branded remittance services; thus eventu-
ally establishing the Post Office’s proprietary
remittance service that offers an aggregation
of multiple remittance platforms.
Through the enhanced Postal Money
Order Service, Eurogiro members will
now be able to connect with PhilPost via
the Eurogiro system and provide overseas
Filipinos with several ways to send money
to their beneficiaries: through cash pick-up
at qualified Post Offices, use of Postal Bank
branches, direct deposit into bank accounts,
ATM cards or directly delivered to their door-
step through letter carriers of post offices.
Upgrading of the PhilPost Postal Money
Order service has already begun, and will be
live in 2012. With these expanded services,
PhilPost welcomes new connections with
Eurogiro members.
Philippine Postal Corporation reach greater heights
As Philippine Postal Corporation (PhilPost), a Eurogiro member since 2006, celebrates its 228th
anniversary of Postal Service in the country, the corporation is now under new leadership and has
launched an enhanced Postal Money Order System. Eurogiro members connecting to PhilPost via
the Eurogiro network will now be able to provide beneficiaries with multiple options on how they will
receive their money in the Philippines
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your global payments community December 2011 - Issue 04
Eurogiro CEO
commentary
Dirham Express and Al
Barid Bank announce
their partnership
Portrait of an
exceptional payment
expert
Eurogiro’s unique
settlement services
continue to be
successful
Doremus Deutsche Bank Eurogiro 40x210mm 300724 Proof 01 04-07-2011
Deutsche Bank
db.com/fx4cash
Cross-currency payments through Eurogiro.
*FX4Cash is an unregistered trademark of Deutsche Bank AG. No.1 Euromoney FX Poll 2005 – 2011. FX4Cash is part of a comprehensive range of db transaction solutions to enhance cash management efficiencies. This advertisement has been approved
and/or communicated by Deutsche Bank Group. The services described in this advertisement are provided by Deutsche Bank AG or by its subsidiaries and/or affiliates in accordance with appropriate local legislation and regulation. Deutsche Bank AG is
authorised under German Banking Law (competent authority: BaFin – Federal Financial Supervising Authority) and regulated by the Financial Services Authority for the conduct of UK business. © Copyright Deutsche Bank 2011.
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