Ria Money Transfer

Ria Money Transfer
Subsidiary
Industry Financial Services, Electronic funds transfer
Founded 1987
Headquarters Buena Park, California
Key people
 Juan C. Bianchi, Joseph B. Warren
Products Remittance
Number of employees
 2000[1]
Parent Euronet Worldwide
Website www.riamoneytransfer.com

Ria Money Transfer, a subsidiary of Euronet Worldwide, Inc., specializes in money remittances.[2] Ria initiates transfers through a network of sending agents and company-owned stores located throughout North America, Latin America, Europe, Asia-Pacific, Africa and online.[3]

History

The company's first store front was opened in 1987, and since then they have grown into the third largest money transfer service in the world.[4] In 2013, Ria processed approximately 28 million money transfers with a face value of more than $9 billion through a network of 235,000 global agents, and locations in 133 countries.[5][6]

On July 31, 2014 Ria Money Transfer partnered with Postbank, which is owned by the Kenyan Government, allowing their customers to send money through any of the bank’s 99 branches, or receive it directly into their accounts.[7]

In 2014 the company launched Walmart-2-Walmart, a Walmart money transfer service within the US.[6] The service allows customers to transfer money to and from more than 4,000 of its stores.[8]

Company operation

Ria participates in multiple financial services, including, electronic bill payment, mobile top ups, prepaid debit cards, check cashing, currency exchange and money orders.[5]

References

  1. ↑ "Confluence: Ria Digital growing in CBD with startup-like business unit". Retrieved 4 Nov 2014.
  2. ↑ "Emirates 24-7:UAE's Instant Cash ties up with Ria Money Transfer of US". Retrieved 4 Nov 2014.
  3. ↑ "GT Bank Ghana and georgia:Ria Money Transfer". Retrieved 5 Nov 2014.
  4. ↑ "Ria Money Transfer Service: About". Retrieved 4 Nov 2014.
  5. 1 2 "Ria Financial: About". Retrieved 4 Nov 2014.
  6. 1 2 "Walmart 2 Walmart Money Transfer Powered by Ria". Retrieved 4 Nov 2014.
  7. ↑ "Ria Money Transfer and Postbank Kenya sign deal to boost remittance flows". Retrieved 4 Nov 2014.
  8. ↑ "CNBC: Wal-Mart launching money transfer service". Retrieved 5 Nov 2014.

External links

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