Toronto: Ria Money Transfer (“Ria”) the third largest money transfer company in the world and subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT) has signed direct partnership agreements with three of India’s leading cash remittance payout agents, Paul Merchants Limited,
Weizmann Forex Limited and Transcorp International Limited. Ria’s new principal agents are well-recognized in India and each have more than 15 years’ experience in the money transfer sector. With the addition of these agents, Ria will upgrade its cash payout network during the next 12 months by adding tens of thousands of high-quality retail and non-banking financial company (NBFC) locations across India. The robust and ubiquitous payout network will provide Ria with increased brand recognition, while providing tremendous convenience and accessibility for beneficiaries to easily receive cash remittances.
Juan Bianchi, CEO & President of Ria Money Transfer, said: “India is the top receiving country for family remittances, receiving $62.7 billion 1 in 2016. Millions of households are largely dependent on these transfers for family maintenance, savings and investment and we are proud to be the link that connects our customers in Canada to their loved ones in rural and urban centers across the country.”
Speaking at a press event in Toronto, Rosario Escarpita, Managing Director for the Americas of Ria Money Transfer, added: “We are pleased to say that Ria has one of the best services in Canada to send money to India. With the addition of our new agents, Ria has also raised the quality of its existing Indian payout network to provide customers with a ubiquitous spread of locations to receive remittances from their loved ones. We warmly welcome our new partners to the Ria family.”
Ria already has a strong network worldwide, including in top remittance sending countries where many Indians reside. In Canada, customers can make transfers to India at thousands of Ria agent or store locations across the country, and can search for their nearest location by visiting www.riamoneytransfer.com. In addition to cash pick-up, Ria also offers bank deposit services which allow customers to transfer money to any bank account in India.
About Ria Money Transfer
Ria, a subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT), is a global leader in money remittances. Ria offers fast, secure, affordable money transfers through a network of approximately 321,000 global agents spanning 146 countries and online at www.riamoneytransfer.com. The company is steadfast in its commitment to its customers and remains ingrained within the 1 World Bank Remittance Inflows, updated April 2016 communities in which they live. For more information visit www.riafinancial.com and www.riamoneytransfer.com.
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