Telecommunications company Telstra and Australia Post have entered an agreement that will see both bodies offering specialised services to each other's customers.

The parties involved signed a memorandum of understanding seeing Telstra participating in the Australia Post Digital Mailbox and Australia Post using Telstra’s Australian based hosting and network services.

Australia Post will offer its Telstra customers the ability to access its communication documents such as account statements and bills via the Australia Post Digital Mailbox.

Simultaneously, Telstra will be able to deliver more products and services through the Australia Post IT network, related to opening the post office’s retail superstores across the country.

Australia Post CEO and managing director, Ahmed Fahour said Telstra will deliver “bank grade” security for the information stored on the MailBox through its Australian based cloud solution.

Mr Fahour said all customer information will be stored in Australia.

Telstra CEO David Thodey said Telstra is investing more than $800 million over the next five years to further grow its cloud computing services.

An agreement between Telstra and Australia Post for the Digital MailBox service to be hosted on Telstra’s Australian based cloud computing platform is also part of the memorandum.

As a result, customers will be able to connect to their individual MailBox anywhere at any time to receive statements and bills, set reminders and make payments using any internet enabled device.