Ria wins bpost deal for remittances through Belgian post offices

Cross-border money transfers company Ria Money Transfer, a subsidiary of Euronet Worldwide, has partnered with Belgium’s bpost to offer its services through the postal operator’s network of more than 600 post offices.

Thanks to the partnership, customers will be able to send money from any bpost post office to any of Ria’s 389,000 locations where the money can be collected in cash or through direct bank deposits across 161 countries around the world. The launch of the services is expected for the second half of February.

Jose Cabral, Managing Director at Ria Europe, said: “We are thrilled to partner with bpost, a leading postal operator and a socially responsible business player. Through our shared values of transparency and sustainability, we will bring better access to cost-effective and secure money transfers to customers across Belgium.”

Jan Smets, Director Retail & Customer Care at bpost, commented: “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 an essential source of income for millions of people around the globe. Therefore, the UN established that the average cost of remittance services globally should be lowered to 3% by 2030. Ria Money Transfer claims it is leading the industry’s efforts towards reaching that global average cost and keeping it below that mark.