Saturday, Apr 27 2024 | Time 04:33 Hrs(IST)
image
Business EconomyPosted at: May 25 2017 5:13PM


Ria Money Transfer expands Indian network by partnering with leading agents

New Delhi, May 25 (UNI) Ria Money Transfer, the third largest money transfer company in the world and subsidiary of Euronet Worldwide Inc, has partnered with three leading agents, Weizmann Forex Limited, Paul Merchants Limited and Transcorp International Limited, to expand its network and operations in India.
During the next 12 months, Ria will upgrade its cash payout network by adding tens of thousands of high-quality retail and non-banking financial company (NBFC) locations.
Speaking at the launch event, Juan Bianchi, CEO & President of Ria Money Transfer, said, “Ria’s new principal agents are well-recognized in India and all have more than 15 years’ experience in the money transfer sector. Their expertise in the local market will add value to Ria’s robust and ubiquitous network, providing increased brand recognition across India, plus tremendous convenience and accessibility for beneficiaries to easily receive cash remittances.”
He also announced the commencement of its global campaign – a new ‘gold standard’ money transfer service that offers beneficiaries in India the chance to win pure gold prizes. As a nod to Ria’s 30th Anniversary, beneficiaries who patronize Ria’s cash payout service in India will automatically be eligible to win one of 30 gold coins weighing 30 grams, or the bumper prize weighing 100 grams. The company will offer 1kg of gold prizes, between May 23 and July 31, at any authorized payout location.
Mr Bianchi said, “Ria is delighted to partner with Paul Merchants Limited, Weizmann Forex and Transcorp International, to provide the ‘gold standard’ in fast and reliable cash payout for customers across India – no matter where they reside.”
India is the top receiving market for migrant remittances, receiving 62.7 billion dollars in 2016. Millions of households, predominantly rural, are largely dependent on these transfers for family maintenance, savings and investment. I’m confident that our service and combined networks will not only provide greater access for customers to receive remittances, but will also result in a successful partnership for years to come,” concluded Bianchi.
S Paul, Chairman and Managing Director of Paul Merchants Limited, added: “We are tremendously excited to announce this partnership, which is going to be a defining moment for the remittance industry in India. With Paul Merchants Limited’s client base and Ria Money Transfers’ suite of services, we will be able to facilitate our consumers with streamlined financial operations and with unmatched global reach. We are a trusted partner and we are here to provide trustworthy services to the working Indians across the globe.”
UNI ADP SW SHK 1712
Please log in to get detailed story.
Tags: #Ria Money Transfer expands Indian network by partnering with leading agents
More News
Sensex nosedives 609 28 pts

Sensex nosedives 609 28 pts

26 Apr 2024 | 5:26 PM

Mumbai, April 26 (UNI) Snapping a winning streak of last five sessions, the BSE Sensex on Friday, the last session of the week, tanked 609.28 pts to settle at 73730.16 amid mixed global cues.

see more..
Maruti Suzuki net profit surges 48 pc to Rs 3,878 crore in Q4

Maruti Suzuki net profit surges 48 pc to Rs 3,878 crore in Q4

26 Apr 2024 | 5:00 PM

New Delhi, April 26 (UNI) On the back of solid volume growth, the country's largest carmaker Maruti Suzuki on Friday reported 47.80% jump in standalone net profit at Rs 3,877.8 crore for January-March period (Q4) of financial year 2023-24.

see more..

Shriram Finance net jumps 57 pc to Rs 2,021 cr in Q4

26 Apr 2024 | 3:52 PM

New Delhi, April 26 (UNI) Shriram Finance on Friday reported 56.91% year-on-year jump in consolidated net profit at Rs 2,021.28 crore for the January-March period (Q4) of financial year 2023-24.

see more..
Maruti Suzuki gets show-cause notice from Legal Metrology dept

Maruti Suzuki gets show-cause notice from Legal Metrology dept

26 Apr 2024 | 2:39 PM

New Delhi, April 26 (UNI) The country's leading carmaker Maruti Suzuki India on Friday said that it has received a show-cause notice from the Legal Metrology office in Rishikesh, Uttarakhand.

see more..

Onkar Kanwar gets Lifetime Achievement Award

26 Apr 2024 | 2:08 PM

Kochi, April 26 (UNI) Chairman of Apollo Tyres Ltd, Onkar Kanwar, has been conferred with the Lifetime Achievement Award at the All India Management Association (AIMA)’s Managing India Awards ceremony.

see more..
image