Where Can I Find Ria Money Transfer

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Ria Money Transfer

Type	Subsidiary
Industry	Financial services Electronic funds transfer
Founded	1987
Headquarters	Buena Park, California , United States
Key people	Juan Bianchi CEO Euronet'south Money Transfer Segment
Products	Remittance
Revenue	$one.xviii billion (2020)^[1]
Operating income	$59.7 million (2020)^[i]
Number of employees	4000+ (approx) (2021)
Parent	Euronet Worldwide
Website	riamoneytransfer.com

Ria Money Transfer is a subsidiary of Euronet Worldwide, Inc., which specializes in money remittances.^[2] ^[3] ^[4] Ria initiates transfers through a network of agents and company-owned stores located throughout N America, Latin America, Europe, Asia-Pacific, Africa, and online. Ria is one of the big four remittance companies.^[five]

History

The company opened its start store in 1987.^{[half dozen]} Ria has since grown to become the third largest money transfer service in the globe.^[7]

In 2006, Ria was caused by Euronet Worldwide, Inc., becoming office of its money transfer segment together with XE.^[8]

Ria began working with post offices in 2010 and on July 31, 2014, partnered with Postbank, which is owned past the Kenyan Government.^{[half dozen]} This allowed customers to send coin through any of the banking concern's 99 branches, or receive it straight into their accounts.^[9]

In 2014, the company launched Walmart-two-Walmart Powered past Ria, a Walmart money transfer service within the United states of america.^[10] The service allows customers to transfer money to and from more 4,600^[11] stores at competitive prices.^[12]

In 2015, Ria caused Malaysia based coin transfer provider IME.^[13]

In 2016, the company expanded its relationship with Walmart to Latin America and partnered with Walmart Chile to offer coin transfer services through selected Líder brand supermarkets.^[fourteen] In 2019, Ria and Walmart partnered with Paypal's Xoom to introduce domestic coin transfer services. Xoom expanded to lx countries in the deal with Ria.^[fifteen]

As of 2020, Ria'southward coin transfer services are available at over 470,000 locations in 159 countries, online, and through their app.^[1]

Ria continues to aggrandize into Latin America with the support of a articulation venture between parent company Euronet and Spain's Prosegur Greenbacks.^[xvi]

The Key Banking concern of Nigeria listed Ria as one of their approved international money transfer operators for diaspora remittances in March 2021.^[17] First Bank of Nigeria also works with Ria to bring remittances into the country.^[18]

During the COVID-19 pandemic, the Earth Banking company released a report detailing the importance of Remittances to provide a critical lifeline for vulnerable populations.^[19] ^[20]

Ria has international presence as a key company for sending remittances in Belarus^[21] and as ane of the companies that pays the most for sending remittances from the US to Mexico.^[22]

Products and Services

Ria Money Transfer App

The Ria Money Transfer App is available in the United States, Canada, and in nearly countries in Europe. With over 1,000,000 downloads, the app allows customers to send money through Ria'southward global network.^[23] ^[24]

Mobile Coin

Customers can ship and receive money through Ria Money Transfer's mobile wallet network. Sub-Saharan Africa is the region with the highest remittance costs, only it's too the virtually developed when it comes to mobile wallets. In a partnership with Gambia's mobile money platform Qmoney, Ria customers can make fund transfers to Qmoney customers using their mobile phones.^[25]

References

^ ^a ^b ^c "0001213900-21-010724 - 10-K - Euronet Worldwide, Inc". ir.euronetworldwide.com . Retrieved 2021-02-24 .
^ Webber, Daniel. "The Payments Sector Is Doing Deals Again: Will PayPal Or A Fintech Move Side by side". Forbes . Retrieved 2021-03-30 .
^ "Remittances: CBN releases list of approved coin transfer operators". 2021-03-22. Retrieved 2021-03-xxx .
^ "Emirates 24-7:UAE's Instant Cash ties up with Ria Coin Transfer of The states". Emirates24|7. 13 August 2014. Retrieved 4 Nov 2014.
^ Webber, Daniel. "From Western Union To MoneyGram, Remittances Defied The Pandemic – And Came Back Stronger". Forbes . Retrieved 2021-09-10 .
^ ^a ^b "Entry of a new global role player to heat upwards competition in UAE'due south coin transfer business". gulfnews.com . Retrieved 2021-03-31 .
^ "Ria Money Transfer Service: About". Retrieved 4 November 2014.
^ "Cards vs cash: Big boys vs the little guys". Digital News Asia. 2016-04-05. Retrieved 2021-08-02 .
^ "Ria Money Transfer and Postbank Kenya sign deal to boost remittance flows". thirty August 2014. Retrieved 4 Nov 2014.
^ Stewart, John. "Xoom Turns to Euronet'southward Ria And Walmart to Enable Greenbacks Transfers in the U.s.a.". Digital Transactions . Retrieved 2021-08-02 .
^ "Our Locations". corporate.walmart.com . Retrieved 2016-12-21 .
^ "CNBC: Wal-Mart launching money transfer service". CNBC. 17 April 2014. Retrieved 5 November 2014.
^ ZAINUL, INTAN FARHANA. "Telcos make inroads in remittance". The Star . Retrieved 2021-08-02 .
^ Garcia, Kris. "Walmart Chile en alianza con firma extranjera para obtener remesas de dinero | América Retail" (in Spanish). Retrieved 2021-08-02 .
^ Woodward, Kevin. "PayPal's Xoom Adds 32 European Markets". Digital Transactions . Retrieved 2021-09-ten .
^ "Euronet (EEFT) Forms JV, Boosts Latin America Presence". {{cite web}}: CS1 maint: url-status (link)
^ "Remittances: CBN releases listing of approved money transfer operators". 2021-03-22. Retrieved 2021-04-09 .
^ "Offset Banking concern Increase Network of International Money Transfer Operators". THISDAYLIVE. 2021-09-20. Retrieved 2021-09-29 .
^ "Bridging gaps in remittances with new solutions". The Guardian Nigeria News - Nigeria and Globe News. 2021-06-07. Retrieved 2021-08-02 .
^ "Driving Remittance Flows in Africa". THISDAYLIVE. 2021-05-xviii. Retrieved 2021-08-02 .
^ "For the start quarter of 2021, Belarusians sent abroad transfers for $ 50 million". Blizko.by . Retrieved 2021-09-29 . {{cite web}}: CS1 maint: url-status (link)
^ marca (2021-02-09). "Profeco points out Ulink and Ria Money Transfer every bit the best coin transfer options in 2020". Diario Marca (in Castilian). Retrieved 2021-09-29 . {{cite spider web}}: CS1 maint: url-status (link)
^ "Ria Money Transfer Review, Ratings, Fees 2021". ExchangeRateIQ . Retrieved 2021-09-29 .
^ Ray, Atmadip. "Paytm becomes India's offset platform to accept international remittances straight into digital wallet". The Economic Times . Retrieved 2021-09-29 .
^ "'CBG secure $535M on remittances' - The Point". thepoint.gm . Retrieved 2021-09-22 .