Ria Money Transfer is the third largest international online money transfer service in the world. As of 2020, Ria Money Transfer is available in over 160 countries at over 470,000 locations. The company continues to expand into Latin America through a joint venture with Prosegur Cash, a Spanish company offering cash management solutions.
While Ria has been offering financial services for 2 decades, it has only recently entered the list of the top financial services apps in the world. The online money transfer services of Ria are also available in various countries across Africa.
In March 2021, the Central Bank of Nigeria listed Ria as one of the approved international money transfer operators for foregin remittances. Ria and First Bank of Nigeria work together to bring foreign remittances into the country.
According to a report released by the World Bank during the COVID-19 pandemic, online money transfer service providers play an important role in transferring remittances to vulnerable populations.
In addition to America and Africa, many countries in Europe use Ria to send and receive remittances. Belarus, for example, greatly relies on online money transfer service providers for receiving foregn remittances. Ria is one of the major companies for non-commercial money transfers in Belarus.
Ria also offers cash pickup delivery options in a large number of locations. In Manila, Ria’s money transferring services are available even during citywide lockdowns.
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Ria Money Transfer is an online money transfer service provider that was originally founded in 1987 as a financial service provider. The company was acquired by Euronet in 2007 and now has a multitude of hubs and regional offices across various continents. What started as a single storefront has grown into one of the largest money transfer companies in the world.
Ria Money Transfer facilitates fast, secure, and affordable international money transfers. The app has bridged the gap between physical and digital transactions. The cash settlement network of Ria is very extensive. It has the largest direct bank deposit network in the world.
With its omnichannel financial services and global payout capabilities, Ria offers unparalleled consumer choice that includes real-time payments, mobile wallets, cardless ATM payouts, and home delivery among others.
The agent network of Ria offers a wide range of in-person options, including banks and bodegas, convenience stores, and large to medium-sized regional retailers. In some markets, Ria also provides other financial services like mobile phone minutes top-up, currency exchange, and bill payments.
The products and services of Ria are available in more than 160 countries and have over 435,000 agent locations where remittances can be received. Ria primarily offers two services: Ria Money Transfer App and Mobile Money.
Both services are available in the following countries:
The above-mentioned countries can receive remittances sent through Ria. Ria offers online transfer to users sending from the following countries:
About the author:
Tricia Lee is a contributing writer at Sparkwebs, a Digital Marketing Agency. When she’s not writing, she loves to travel, dance, and read non-fiction.
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