[IFAD]. 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.
Created by Inpay and Eurogiro in collaboration with PostBank Uganda and Posta Uganda, the new ‘PostalPay’ app will enable people located in the EU to send remittances in a cheaper, but also faster and safer way from their mobile phones.