UAE's Instant Cash ties up with Ria Money Transfer of US

Instant Cash Global Money Transfer recently entered into an alliance with Ria Money Transfer, a wholly-owned subsidiary of Euronet Worldwide, Inc. that will give the US-based remittance provider access to the pay out network of Instant Cash.

Instant Cash is a wholly owned subsidiary of the Emirates Post Group, and its services are available in 60 countries through more than 150,000 locations.

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

The agreement gives Ria Money Transfer access to Instant Cash’s network. It also gives 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.

“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,” Sultan bin Kharsam, Director of Instant Cash, said.

Mohit Davar, Acting CEO of Instant Cash 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.”



 

Follow Emirates 24|7 on Google News.