Algerian mail company Algérie Poste sets up a new payment system for postal cheques
A new payment and operating system for postal cheques (CCP) will be introduced in Algeria during the first half of 2013.A new payment and operating system for postal cheques (CCP) will be introduced in Algeria during the first half of 2013.
Mohamed Laid Mehloul, CEO of Algerian mail company Algérie Poste, made the announcement on national radio on November 18th, as reported by APS news agency.
This system will be used to process data and transmit financial accounting information.
It is currently being tested and is expected to reduce the waiting time for citizens and costs for Algérie Poste, which receives more than ten million salaries.
Mr. Mehloul also stated that "the CCP pink cheque - which is only for withdrawing money - will be gone by the end of 2012 and will be completely replaced by a new secure interbank yellow cheque".
This new cheque will be used for any withdrawal, transfer and payment, he said. A CCP payment to a bank account will now be processed within three days.
In addition, M.Mehloul announced that 500 additional ATMs will be installed by Algérie Poste across Algeria during the first quarter of 2013, bringing their total number to 1200.