information and communication technologies (icts) and international financial system (ifs)

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Information and Communication Technologies (ICTs) and International Financial System (IFS) by S. Ghulam Panjtan Rizvi Additional Director General Pakistan Post 1

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Information and Communication Technologies (ICTs) and International Financial System (IFS). by S. Ghulam Panjtan Rizvi Additional Director General Pakistan Post. Need of ICT for Postal Sector. Post still important despite digital age Postal business becoming increasingly competitive - PowerPoint PPT Presentation

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Page 1: Information and Communication Technologies (ICTs) and  International Financial System (IFS)

Information and Communication Technologies (ICTs)

and International Financial System (IFS)

byS. Ghulam Panjtan Rizvi

Additional Director GeneralPakistan Post

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Page 2: Information and Communication Technologies (ICTs) and  International Financial System (IFS)

Need of ICT for Postal Sector• Post still important despite digital age

• Postal business becoming increasingly competitive

• Rapidly changing customer demands

• Pakistan Post is providing postal services through 13,000 post offices

• Pakistan Post delivering mail to 20 million households and businesses

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Page 3: Information and Communication Technologies (ICTs) and  International Financial System (IFS)

Major Areas of Activities

• Exchange of official, commercial and private letters and communications

• Dissemination of knowledge, culture and information at low price

• Facilities to trade and industry for exchange of samples of merchandise at low cost

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Page 4: Information and Communication Technologies (ICTs) and  International Financial System (IFS)

Major Areas of Activities

• Remittances of money through Postal Orders, Postal Drafts and Money Order Services

• Financial Services including Savings Bank

• Postal Life Insurance

• Agency functions on behalf of Federal/Provincial Governments

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Page 5: Information and Communication Technologies (ICTs) and  International Financial System (IFS)

ICT in Pakistan Post• ICTs necessary for provision of service to 160 million

population spread over 799,795 sq kms

• Aggressive targets for computerization were set and accomplished during the last five years

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Page 6: Information and Communication Technologies (ICTs) and  International Financial System (IFS)

ICT Projects in Pakistan Post• Benazir Income Support Program (BISP)

o A complete web-enabled tracking and monitoring system

o Disbursement of Rs 35 billion at the door step to 3.5 million beneficiaries during FY 2008-09

o Disbursement of Rs 70 billion to 7 million beneficiaries during FY 2009-10

o Tracking of disbursements and electronic reconciliation of funds

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Page 7: Information and Communication Technologies (ICTs) and  International Financial System (IFS)

ICT Projects in Pakistan Post• Counter Automation

o 116 Post Offices have been provided counter computerization facility for better service to the customers

o 300 more post offices will be computerized in the next financial year 2009-10

• Express Mail Track & Trace System (EMTTS)o The Express Mail Track and Trace System is a web

based systemo It is integrated with IPS for tracking of international

articles

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Page 8: Information and Communication Technologies (ICTs) and  International Financial System (IFS)

ICT Projects in Pakistan Post

• Mobile Money Transfer Facility o Domestic money transfer using mobile

(cellular) phone in collaboration with M/s Mobilink GSM

o Instant money transfer now possible

o Services of cash transactions provided by postal outlets

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Page 9: Information and Communication Technologies (ICTs) and  International Financial System (IFS)

ICT Projects in Pakistan Post• Computerized Pension Payment System

o Over 1.2 million pensioners being served

o Computerization of pension accounts in all the GPOs is in place

o Pensioners receiving pension without hassle at computerized locations

• Online Complaints Handling

o Online complaint facility web-portal www.pakpost.gov.pk

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Page 10: Information and Communication Technologies (ICTs) and  International Financial System (IFS)

International Financial System

• Money remittance becoming increasingly competitive

• IFS application developed by the Postal Technology Center, UPU to address problems

• IFS using sophisticated data encryption techniques to ensure integrity of the data

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Page 11: Information and Communication Technologies (ICTs) and  International Financial System (IFS)

Major Features of IFS

• Worldwide tracking system

• International accounting procedures

• Fully customizable

• Bi-lateral agreements for money transfers

• Preparation of UPU standard international accounting documents

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Page 12: Information and Communication Technologies (ICTs) and  International Financial System (IFS)

Other Money Transfer Options

• Western Union (WU)

• Money Gram

• Cash to Cash

• Afripayments

• Eurogiro

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Page 13: Information and Communication Technologies (ICTs) and  International Financial System (IFS)

Pakistan Post and WU• Agreement with Western Union since September

2002

• Service being offered at over 1000 outlets

• Pakistan Post can only disburse inbound transactions

• Foreign exchange being received through the legal channel

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Page 14: Information and Communication Technologies (ICTs) and  International Financial System (IFS)

Comparison of IFS with WU• WU has presence in over 180 countries in contrast to

31 countries using IFS

• No limit for number of locations in a single country

• WU quite generous to offer equipment/ infrastructure for promotion of business

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Page 15: Information and Communication Technologies (ICTs) and  International Financial System (IFS)

Implementation of IFS in Pakistan Post

• Pakistan Post considering implementing IFS with the

ECO member countries.

• Major objective is to IFS for domestic money transfer

which is under development at Postal Technology

Center, UPU.

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Page 16: Information and Communication Technologies (ICTs) and  International Financial System (IFS)

Postal Administrations using IFS• 31 countries using IFS include :

o Algeria, Armenia, Azerbaijan, Belarus, Benin, Burkina Faso, Cameroon, Djibouti, Ecuador, France, French Polynesia, Ivory Coast, Japan, Kazakhstan, Kenya, Madagascar, Moldova, Morocco, New Caledonia, Philippines, Russia, Senegal, South Korea, Spain, Tanzania, Thailand, Togo, Tunisia, Uganda, Ukraine, United Arab Emirates

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Page 17: Information and Communication Technologies (ICTs) and  International Financial System (IFS)

Thank You

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