New app ‘PostalPay’ will slash the cost of sending money from Europe to Uganda

News published on Oct 26, 2022 @ 8:47 am

The UN’s International Fund for Agricultural Development (IFAD), Inpay, a cross-border payments company, and its subsidiary company Eurogiro, a global postal cross-border payments network, have joined forces to make the cost of sending money through mobile channels from Europe to Uganda four times cheaper. Use of the new app generates significant savings for migrant workers and their families in rural areas and helps them to access additional finance.

Tagscost reduction+ digital+ financialinclusion+ financialservices+ remittances+ SDG10c+ Uganda
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