Eurogiro launches the first open payment platform for Postal Financial Services
Updated: Jul 17, 2019
Copenhagen / Bucharest – May 21, 2019
The Eurogiro Financial Supermarket is the next-generation open payment platform that will empower postal organizations to actively engage in financial services, both locally and globally at a new unprecedented level.
Traditional postal revenue has been declining for many years, while the enormous revenue potential for Postal Financial Services has been cannibalized by new global digital players until now.
With 600,000+ post offices globally and using the new Eurogiro Financial Supermarket, Postal Organizations can finally play a central role in the digital economy and service all their customers financial needs.
Postal Organizations only need one contract and one integration to connect to the Supermarket and access the wide range of Financial Service Providers, such as Money Transfer Operators, Basic Banking services, eCommerce shops, mobile top-ups etc. This will significantly broaden the financial services on offer in the postal branches and provide new revenue streams.
The Eurogiro Supermarket platform is provided as a white-label, integrated turnkey solution, both via Cloud and API. It is easy to implement and is easily accessible to cashiers in every local postal branch. The platform includes clearing and settlement services, AML, sanctions screening, back-office reporting and related services required to successfully deliver a full suite of Postal Financial Services.
Leading the way in Postal Financial Services, Eurogiro is proud to announce that Bulgarian Posts has successfully launched the Eurogiro Supermarket platform across its Postal network on the 2nd May and is actively processing new transactions.
Seven more Postal Organizations in Europe, Africa and Asia are planned to go live in 2019.
This revolution in Postal Financial Services is the main topic at this weeks Eurogiro community meeting in Bucharest, co-hosted by the Romanian Posts. Here more than 120 experts from the global postal and postal banking community has come together to shape and share strategies for this new role of postal networks in the era of digitization and financial inclusion.
The CEO of Eurogiro, Jacob Tackmann Thomsen, enthusiastically describes Eurogiro’s goal as: “Enabling and empowering Postal Organizations to offer new financial services quickly and seamlessly while significantly increasing revenues streams and attracting more customers”.
Eurogiro was founded in 1993 by twelve European postal organizations, as a postal payment co-operative. Over the past 26 years, the company has evolved from a European payment infrastructure into a payments platform empowering postal organizations and postal banks globally. Today more than 50 organizations are actively using the platform. Eurogiro was acquired by Inpay Holding in 2018. Inpay Holding also owns Inpay, a leading Danish Fintech, that provides a global payments network for Financial Institutions, Corporate B2B payments and e-commerce businesses.
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