Euronet Worldwide unit Ria Money Transfer has partnered with Belgian Postal Service group (bpost) to enable international money transfer services.
The partnership will allow Ria Money Transfer to provide its services via bpost network, which comprises nearly 600 post offices.
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Customers can transfer funds from any bpost post office to any of 389,000 Ria Money Transfer locations. Recipients will be able to collect the money in cash or as direct bank deposits in 161 countries.
bpost Retail & Customer Care director Jan Smets said: “bpost is always striving to offer its customers a world-class service and teaming up with Ria Money Transfer, a global remittance leader known for its efficiency and competitive prices worldwide, represents an opportunity to offer a streamlined, secure and transparent remittance service to customers nationwide.”
International money transfers are considered as an important source of income for people worldwide. The UN said that the average remittance cost should be decreased to 3% by 2030. Ria Money Transfer is working to achieve the global average costs.
Ria Europe managing director Jose Cabral said: “Through our shared values of transparency and sustainability, we will bring better access to cost-effective and secure money transfers to customers across Belgium.”
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By GlobalDataThe partners expect to launch the money transfer services in Belgium next month.
In December last year, Euronet partnered with Visa to expand payment services and support fintech growth in the Asia Pacific.
