Ria Money Transfer Opens First Store in Singapore
February 25 2020 - 8:00AM
Ria Money Transfer, a subsidiary of Euronet Worldwide, Inc.
(NASDAQ: EEFT) and a global leader in the money transfer industry,
today announced the opening of its first store in Singapore.
Located in Kerbau Road 8 in the Little India area, customers can
now send money with competitive foreign exchange rates through
Ria’s network of more than 397,000 locations across 160 countries.
For many years, Ria has offered inbound cash
pick-up and bank deposit services in Singapore through its 30 agent
locations. The Kerbau Road store is the company’s first retail
venture in the country.
“We are proud to announce the opening of our store
in Little India as part of our Singapore expansion,” shared
Espen Kristensen, Ria Managing Director Asia Pacific.
“Singapore is a land of great opportunity. By having a solid
presence in the country, we can better serve our customers and
further support the role of remittances in the region.”
In 2017, the World Bank estimated that remittances
valued at US$6.1 billion were sent from Singapore. These funds play
a crucial role in other regional economies such as Malaysia, India,
Indonesia, the Philippines, and Bangladesh, where the percentage of
GDP sustained by remittances can be as high as 10.2%.
The opening of the Little India store is the first
step of Ria’s expansion into Singapore, where the company plans to
seek other retail locations and agents to offer its customers a
robust and unparalleled value proposition in the Singapore
market.
For more information about Ria’s services and the
Kerbau Road store in the Little India area, please contact the
toll-free number: 800 852 6950.
About RiaRia, a subsidiary of
Euronet Worldwide, Inc. (NASDAQ: EEFT), is a global leader in the
remittance 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.
Contact:Stephanie Taylor
staylor@eeft.com913.327.4200
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e8521143-29a6-42b3-a454-a83809e149e1
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