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Eurogiro - Your Global Payments Community



Eurogiro is a unique payments network that connects different payments "ecosystems", e.g. postal organisations, post banks, commercial banks and other payment service providers, focusing on cross border high volume - low value payments.

Eurogiro facilitates members' cooperation in the field of international payments and offers efficient solutions supporting their offering to clients. Thereby Eurogiro helps increasing the business of its members.

To learn more, contact us at [email protected] or read What Eurogiro can do for you.


Xacbank from Mongolia has joined Eurogiro

We are very happy to announce that XacBank in Mongolia has joined the Eurogiro co-operation.

Mongolia is one of the most sparsely populated places on earth and providing financial services to remote areas is a formidable challenge. However, XacBank with its network of over 50 branches and presence in over 180 small villages across the country with innovative mobile banking units is able to facilitate banking services including remittances from other countries to recipients in rural areas.

XacBank has a full banking license and provides universal commercial banking products although having micro financing as its core competency. XacBank will implement both cash and account transfers and has access to the domestic clearing via Clearing Center of Mongolbank, which is the Central Bank of Mongolia. The bank is a SWIFT member but will initially implement the direct ELS connection solution.

Main payment corridors for Mongolia is China and Korea but also Japan and Hungary are of significant importance.

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