Money transfer company Ria Financial Services
and cash-payment network PayNearMe have teamed up to launch a money
transfer and bill payment service across 5,000 US locations of
convenience store chain 7-Eleven.
Under the new service, consumers will be able
to initiate money transfers or bill payments using their mobile
phones in real-time at a 7-Eleven store register.
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The process is underpinned by the Ria card,
which can be used to pay more than 3,000 US billers and facilitate
the sending of remittances in more than 134 countries.
“More than 5m customers who visit 7-Eleven
stores in the US every day can now quickly and easily pay bills or
send money around the world,” said Juan C. Bianchi, president and
CEO of Ria Financial Services.
“By offering Ria’s worldwide services through
7-Eleven’s US locations, consumers can send money or pay bills near
when it’s most convenient for them. Plus, they can complete their
transactions as quickly as they could pay for a carton of
milk.”
The card-based service is said to have been
created in a bid to overcome limitations of existing prepaid
services without requiring any special equipment or new training at
7-Eleven stores.
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