Ria Money Transfer, a subsidiary of Euronet Worldwide, has entered in a remittance partnership with Austrian Post’s banking entity bank99.
The move will enable consumers send cross-border remittances from the bank’s 400 post office branches and 300 partner locations.
On the other hand, the collaboration provides bank99 customers with access to Ria’s global cash pickup network. The network includes 397,000 locations across 160 countries.
Services are expected to be available in selected branches by 4 May 2020.
Austrian Post CEO Georg Pölzl 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.”
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Euronet Worldwide Money Transfer executive vice-president and CEO Juan Bianchi said: “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.
“We look forward to working alongside bank99 to continue our resolve to offer customers more choices and greater convenience.”
Recently, Ria Money Transfer has stepped-up efforts to become the preferred partner of post offices and large chain retailers.
Last month, the Euronet Worldwide-unit joined forces with Belgian Postal Service group for international money transfer services.