Tuesday, December 17, 2013

Tie-Up For Money Transfer between Department of Posts, Government of India and Wall Street Exchange Centre LLC, a subsidiary of the UAE Post )

The Department of Posts, Government of India and Wall Street Exchange Centre LLC, a subsidiary of the UAE Post Group have signed agreement for electronic money transfer on the International Financial System (IFS) platform of the Universal Postal Union (UPU). Giving this information in written reply to a question in the Rajya Sabha on 13/12/2013, Shri Kapil Sibal, Minister of Communications and Information Technology, said that the beneficiary can take payment at any of the designated 17, 500 post offices in the country on eMO network.