UNITED NATIONS, April 28: The United Nations Postal Agency and Europe-based Universal Postal Union announced a plan on Thursday to establish some 660,000 electronic money transfer outlets for migrant workers throughout the world within one year.
The migrant workers around the world will be able to send money back home by efficient and reliable electronic transfers, eliminating the paper and manual work now involved with traditional postal money orders, said a UN press statement
“There is a strong trend for overseas workers to send part of their earnings home to their families, but the market response to this issue has so far been inadequate,” Universal Postal Union (UPU) Director-General Edouard Dayan told a high-level forum in The Hague, Netherlands, of his agency’s new link with Eurogiro, whose membership girdles the globe.
The two organizations have developed a gateway connecting their networks for the transmission of the Tele Money Order. Selected postal administrations will soon start testing the new service, with a view to rolling it out by the end of May.
