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27 May 2021 • nfcw.com NFC FIRST: Buyers can authenticate their purchase by scanning the NFC chip in the physical stamp Collectors and investors purchasing a limited edition “crypto stamp” issued by Austrian Post will soon be able to authenticate their purchase by scanning an NFC chip embedded in the packaging of the physical version of the postage stamp with their smartphone. Crypto stamp 3.0 is the third in the postal service provider’s series of stamps that come in both physical and blockchain-enabled digital form and is the first to incorporate NFC authentication. “Every Crypto...

Austrian Post combines NFT and NFC tech for digital postage stamp The Austrian post is set to incorporate near-field communication to its award-winning nonfungible token digital postage stamp. 4012 Total views News Oesterreichische Post AG — Austria’s postal service — is set to adopt even more digital technology protocols for its nonfungible token (NFT) postage stamps. In a recent announcement, the Austrian Post revealed plans for incorporating near-field communication (NFC) chips in Crypto Stamp 3.0 — the third iteration of its limited-edition NFT postage stamp collectible ...

16.05.2021 Austrian Post: Austrian Post's Group revenue increased by 28.5 % in the first quarter of 2021 to Euro 646.1 mn. This was driven by a solid core business, as parcel growth has sufficiently offset the mail business decline, as well as due to the full consolidation of the Turkish company Aras Kargo. In the period under review, the Parcel & Logistics Division generated revenue of Euro 323.7 mn, slightly above the Mail Division revenue of Euro 311.0 mn for the very first time. Consistent implementation of the company's strategy made this structural change possible. The Retail & Bank Di...

Operating profit at Austrian Post grew by 51.5% in Q1 of the year with parcel volumes growing strongly, outstripping the losses of a decline in mail volumes. Austrian Post’s operating profit grew to €99 million in the quarter win Group revenues that grew by 28.5% to €646.1 million. This is in part due to parcel volumes in all territories (Austria, Eastern Europe and Turkey) growing by over 30%. Letter volumes declined by 6%. “Our focus continues to be on ensuring health and safety of our employees as well as on operating performance of our logistics Group”, says Austrian Post CEO Ge...

Austrian Post has announced its Q1 2021 results revealing improved revenue and earnings. Financial highlights Positive parcel development in Austria, CEE/SEE and Turkey; mail business negatively impacted Parcel volumes up by 33.5 % in Austria, +39 % in South East and Eastern Europe, +37 % in Turkey Letter mail volumes –6 %, direct mail –8.5 %Q1 revenue increase of 28.5 % (+12.0 % organic growth) to EUR 646.1m Structural change: Mail Division and Parcel & Logistics Division now have the same size Mail –2.1 % to EUR 311.0m Parcel & Logistics +85.5 % to EUR 323.7m Retail & Ban...