New Eurogiro Board
– representing more
continents
to evolve with the changes imposed by the
market. In fact, Eurogiro’s strength lies in
bringing together payment providers that
seek profitable solutions for the mutual
benefit. Eurogiro’s members could take
advantage from sharing a unique, reliable
and secure network and thereby increase
their international transactions to and from
accounts and their cash payments in all re-
gions of the world on the basis of common
standard, rules and market conditions.
The payment industry is developing
rapidly with much competition from
known and new providers. Eurogiro
has in recent years connected to new
providers such as mobile service pro-
viders. How do you see the role of new
types of payment providers in connec-
tion to Eurogiro?
Doubtless the connection with new types
of payment providers could be a good
opportunity for the strengthening of the
Eurogiro global network. This could enable
Eurogiro to expand its reach and services
and to drive members towards the devel-
opment of innovative and multi-channel
solutions such as consumer intelligence,
client needs analysis and user-friendly
applications.
Poste Italiane is amongst the earliest
members of Eurogiro and amongst the
top senders within the community. What
are the main successes of Eurogiro
seen from Poste Italiane?
Yes, this is right. Poste Italiane has been
a Eurogiro member and shareholder since
2 Eurogiro News
1994. Eurogiro operates in a growing
market: in the coming years remittances
will grow significantly due to continued glo-
balisation and migration. In Italy, immigra-
tion is an important social and economic
factor and payment volume is expected to
grow over the coming years. The participa-
tion in international networks like Eurogiro
has supported Poste Italiane in building
its current position as a highly appreciated
partner for remittance business.
Poste Italiane holds strong positions at
both Eurogiro & UPU. How will this cre-
ate benefits for members of Eurogiro?
Both Eurogiro and UPU are based on a
global network of financial institutions
with the aim of improving the international
financial system. The role played by Poste
Italiane both in Eurogiro and in UPU might
create a good opportunity to develop
strong synergies in the international area,
in particular in the international payment
field with the interconnection between the
IFS of UPU and Eurogiro network.
The strongest growth in business
seems to be in Asia. How do you see
Eurogiro best positioning itself to take
part in this development?
SEPA has definitely changed the European
payment arena and Eurogiro business will
necessarily shift towards other regions
outside Europe. Asia represents a big op-
portunity for the development of the money
transfer network. Data demonstrates that
over the next five years Asia will account
for two thirds of global growth and it will
reach 40% of global payment revenues by
2015. I strongly support Eurogiro’s expan-
sion efforts in Asia.
EG is a community that includes postal
organisations as well as banks and cov-
ers most of the globe. What do you see
as most important in keeping the com-
munity and the service offering valuable
to members?
Eurogiro offers to its members effective
solutions for cross border payments at
a competitive price. It ensures connec-
tion between the most important payment
providers. The most important focus points
are to keep the service offering valuable by
using the potential of its network, specifi-
cally the international partnerships, the
The new chairman of the Eurogiro Board,
Walter Pinci, Head of Payments Services
in BancoPosta of Poste Italiane.
Ma.Josefina Mendoza-Dela Cruz,
Postmaster General and CEO, Philip-
pine Postal Corporation, is a new
member of the Eurogiro Board and
is the first member from Asia. In her,
the Board will have an impressively
broadly educated and experienced
member, holding degrees in both
management, engineering and psyc-
hology and a record of accomplish-
ment of reforms in public service.
Jonathan Elkins, Deputy Vice Pre-
sident, International Relations &
Correspondent Banking, National Bank
of Canada is a new member of the
Eurogiro Board and is the first member
from the Americas. Jonathan Elkins
is a Master of Science (Economics)
from London School of Economics and
has the development of NBC’ global
network of correspondents amongst
his recent achievements.
Sylvie Solignac, chairman of Eurogiro
Board, announced her resignation
from July 2014 after three years at the
helm. The new Chairman is Walter
Pinci, Head of Payments Services in
BancoPosta of Poste Italiane.
New chairman of the
Eurogiro Board:
