Launch of the Eurogiro Financial Supermarket Platform

Launch of the Eurogiro Financial Supermarket Platform

August 12, 2021 10:00 am

In an effort to offer and bring financial services to our clients and the entire community, Posta Uganda has partnered with EUROGIRO to offer remittance services through the EUROGIRO FINANCIAL SUPERMARKET. In this financial supermarket, Posta Uganda will offer services like, mobile money transfers, agency banking and international money transfers.


Eurogiro has its roots in European Postbank cooperation hence the ‘Euro’ and the ‘giro’ is its name, but its reach and aspiration go further. Eurogiro embraces members and partners from all regions of the world. Eurogiro members exchange payments in many currencies and its services are suited for cross-border business.

HOW IT WORKS
Eurogiro connects the physical and the digital world via a suite of classical and modern services. Eurogiro services are designed for cost efficient transactions cross-border and its members are posts, Postbanks, banks and payments service providers. The Eurogiro Financial Supermarket is the open payment platform that empower postal organizations to actively engage in in financial services, both locally and globally.

The Eurogiro Supermarket platform is provided as a white label, integrated turnkey solution, both via Cloud and API (Application Programming Interface). The platform includes clearing and settlement services, AML (Anti Money Laundering). sanctions screening, back-office reporting and related services required to successfully deliver a full suite of Postal Financial Services.

What we do
Posta Uganda has decided to fulfill its obligation of taking services nearer to the community so we are investing in Mobile money services, Agency Banking and money transfers. i.e. Eurogiro Money remittance.


PRESENCE
EUROGIRO services are available in the Middle East, Europe, Asia Pacific, Americas and Africa.
Investment.
With an asset base of over 100 billion shillings and under a wide network across the country, Posta Uganda and Eurogiro and of Course its goodwill will invest considerable resources to ensure that this money transfer service benefit its clients and the country. This will be in partnership with Eurogiro.


Benefits of Eurogiro
Faster fair and safer
Local and convenient money transfers
Financial inclusion
Reliability


Speed
In most cases, Eurogiro Financial Supermarket is a remittance transfer that can be made in a matter of minutes. Essentially, it’s an instant payment. International bank transfers can take up to 5 days but usually require at least 24 hours. If time is of the essence, a remittance may be a better option.


Price
While the price can vary, Eurogiro Financial Supermarket is a remittance transfer usually only incurs one flat fee for the sender. Bank transfers usually require both a flat fee and a percentage of the amount sent. If you’re sending large sums of money, banks may be more expensive in the long term.


Convenience
Generally, banks will not allow you to turn transfers into cash. They typically only allow you to send money to the receiver’s account. Eurogiro Financial Supermarket is a money remittance that can be transferred to cash where the recipient can pick up immediately.

Conclusion
As the world economy grows, Eurogiro Financial supermarket is there to be your partner for sending and receiving money around the globe. When you need convenient ways to send money to your loved one’s back home or abroad, Eurogiro Financial supermarket is here to help. With money transfer services, you can send money to over 200 countries and territories.
Migrant workers, friends and loved ones send your paychecks home to your families using Eurogiro Financial supermarket of Posta Uganda. It’s a simple transaction that is not only convenient but fast. Wives, husbands, parents, and children don’t have to wait weeks, or even months for their loved ones to return. You can have near instant access to the money you need to buy food, pay bills, and get medical care through our postal Offices near you.

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