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August 15, 2014updated 04 Apr 2017 4:06pm

UAE’s Instant Cash collaborates with Ria Money Transfer

Instant Cash Global Money Transfer has teamed up with Ria Money Transfer, a wholly-owned subsidiary of Euronet Worldwide, which will provide the US-based remittance provider access to the payout network of Instant Cash.

By Verdict Staff

Instant Cash Global Money Transfer has teamed up with Ria Money Transfer, a wholly-owned subsidiary of Euronet Worldwide, which will provide the US-based remittance provider access to the payout network of Instant Cash.

Instant Cash operates as a wholly owned subsidiary of the Emirates Post Group, and its services are available in 60 nations at more than 150,000 locations.

Besides providing Ria Money Transfer access to Instant Cash’s network, the alliance will also give Instant Cash and its agents direct access to the global network of Ria Money Transfer of more than 219,000 locations, including the European and US markets.

Instant Cash director Sultan bin Kharsam said: "The deal is part of our ambitious expansion programme that will enable us to serve a larger number of the global population and help us spread out across the globe.

Instant Cash acting CEO Mohit Davar said, "With this strategic partnership, Instant Cash will be able to reach customers in the European and North American markets while connecting them to the rest of our growing network.

"The USA is the largest money transfer market in the world and with Ria’s extensive network in the US and Europe, our postal partners and others will benefit from increased volume from these markets."

The move comes a few months after Instant Cash collaborated with India Post and Philippines Post.

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