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Universal Postal Union (UPU)

26-08-2023

01:25 PM

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1 min read
Universal Postal Union (UPU) Blog Image

Overview:

The Universal Postal Union will evaluate UPI for integrating the unified payment interface with cross-border remittances using the global postal network, an official release said recently.

About Universal Postal Union: 

  • It is a United Nations specialized agency and the postal sector's primary forum for international cooperation.
  • It was established by the Treaty of Bern of 1874. It is the second oldest international organization worldwide.
  • Functions:
    • It coordinates postal policies among member nations in addition to the worldwide postal system. 
    • It sets the rules for international mail exchanges and makes recommendations to stimulate growth in mail, parcel and financial services volumes and improve the quality of service for customers.
    • It fulfills an advisory, mediating and liaison role and provides technical assistance where needed. 
  • Member countries:
    • Any member country of the United Nations may become a member of the UPU.
    • Any non-member country of the United Nations may become a UPU member, provided that its request is approved by at least two-thirds of the member countries of the UPU.
  • The UPU now has 192 member countries.
  • Structure: It consists of four bodies,
    • The Congress: It is the supreme authority of the UPU and meets every four years.
    • The Council of Administration: It ensures the continuity of the UPU's work between Congresses, supervises its activities and studies regulatory, administrative, legislative and legal issues.
    • The Postal Operations Council: It is the technical and operational mind of the UPU and consists of 48 member countries elected during Congress.
  • The International Bureau: Fulfilling a secretariat function, the International Bureau provides logistical and technical support to the UPU's bodies.
  • Headquarters: Bern, Switzerland

Q1: What is philately?

Philately is the study of postage stamps, stamped envelopes, postmarks, postcards, and other materials relating to postal delivery.

Source: Release of Commemorative Stamps Celebrating the 150th Anniversary of the Universal Postal Union