OREANDA-NEWS. February 10, 2010. The tender invited bids for connection of postal branches to Internet.

“The tender winner became joint venture of Sinam Ltd and Colvir Software Solution Ltd,” Azerpoct says.

Due to the amendments to the Law on Postal Services postal offices got the right to render financial and bank services such as certain settlements, issue of debit and credit cards, receipt of deposits, fast money transfers.

Only crediting makes an exception. Postal offices cannot deal with crediting.

For development of such activity Universal Postal Union has already provided

STEFI software for country’s post office for fast money transfers.

At present postal offices are unready to render financial and bank services to the population.  Although such work is also carried out within the project realized jointly with World Bank within FSDP. Only after post offices are ready for such services on all parameters of risk, information security, and staff potential they will receive relevant license.

Total cost of FSDP is US17.75 million, including US 12.25 million WB credit and the rest will be covered by the Azerbaijani government. By the present measures stipulated by the project have been realized by more than 50% and the whole organization and preparatory process will be completed by the end of 2009.