Ria Money Transfer is a subsidiary of Euronet Worldwide, Inc. which specializes in money remittances. Ria initiates transfers through a network of agents and company-owned stores located throughout North America, Latin America, Europe, Asia-Pacific, Africa and online.
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History
The company opened its first store in 1987 and has since grown to become the third largest money transfer service in the world. Ria currently serves customers in 144 countries through more than 314,000 locations worldwide.
Ria began working with post offices in 2010 and on July 31, 2014, 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. The company continues to expand its postal partnerships to reach more underbanked and underserved customers in hard to reach places.
In 2014 the company launched Walmart-2-Walmart Powered by Ria, a Walmart money transfer service within the US. The service allows customers to transfer money to and from more than 4,600 stores at competitive prices. In March 2015, Walmart-2-Walmart Powered by Ria received the "Best Cash Innovation" Gold Award at the PYMNTS.com Innovator Awards. In 2016, the company expanded its relationship with Walmart to Latin America and partnered with Walmart Chile to offer money transfer services through selected Líder brand supermarkets.
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Company operation
Ria participates in multiple financial services, including, money transfer, electronic bill payment, mobile top ups, prepaid debit cards, check cashing, currency exchange and money orders.
Source of the article : Wikipedia
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