Ria Money Transfer joins Austrian Post’s network with bank99 partnership
February 18 2020 - 01:30PM
Ria Money Transfer, a leading money transfer company and subsidiary
of Euronet Worldwide Inc (NASDAQ:EEFT), and bank99, Austrian
Post’s new banking and financial entity, announced today a
strategic partnership that enables customers to send secure
international remittances from 700 of the bank’s post office
branches and partner locations through Ria’s global network of
397,000 locations across 160 countries.
The partnership is part of Ria’s strategy to become the
preferred partner of post offices and large chain retailers for
enabling secure remittances, transparency, and true product
assortment to their customers. The partnership also opens an
important new channel in Austria for Ria to offer its competitive
pricing and FX rates to remittance customers while providing bank99
customers access to Ria’s ubiquitous global cash pickup network and
industry leading account deposit network with more choice of
currencies and delivery methods.
Georg Pölzl, Austrian Post CEO, said, “Fast, secure and
convenient, that is what customers expect from a money
transfer. With Ria Money Transfer we have found the ideal
partner for our bank99 to offer our customers not only that right
from the start, but also a world-class service.”
“This partnership presents a fantastic opportunity to strengthen
our presence in Austria, and most importantly to support the
Austrian Post’s legacy of reducing distances and promoting
equality,” said Juan Bianchi, Euronet Executive VP and CEO, Money
Transfer. “We look forward to working alongside bank99 to continue
our resolve to offer customers more choices and greater
convenience.”
The official launch will take place on 1-April-2020 with
selected branches offering the service by 4-May-2020.
According to the World Bank, an estimated US$6.2 billion was
sent in remittances from Austria in 2018 with top destinations
including Germany, Serbia, Hungary, Bosnia & Herzegovina,
Poland, and Czech Republic.
About RiaRia, a subsidiary of Euronet
Worldwide, Inc. (NASDAQ: EEFT), is a global leader in the money
transfer industry. The company is steadfast in its commitment to
its clients and their communities, offering fast, secure, and
affordable money transfers through a network of over 397,000
locations spanning across 160 countries and online
at www.riamoneytransfer.com.
For more information,
visit www.corporate.riafinancial.com.
About Austrian Post & bank99Austrian Post
is the leading logistics and postal services provider in the
country. Its core business encompasses the transport and delivery
of letters, direct mail items, print media, packets and parcels as
well as various logistics services and innovative online services.
Customers are offered high-quality products and services in the
fields of banking and telecommunications by the branch network.
From April 1, 2020, Austrian Post will offer banking and
financial services in more than 400 branches by bank99 and 1.350
Postal Partner will follow on May 4, 2020.
Austrian Post is internationally active in nine other European
countries.
Contact:Stephanie
Taylorstaylor@eeft.com913-327-4200
Euronet Worldwide (NASDAQ:EEFT)
Historical Stock Chart
From Feb 2024 to Mar 2024
Euronet Worldwide (NASDAQ:EEFT)
Historical Stock Chart
From Mar 2023 to Mar 2024