Ripple Partners Ria MoneyTransfer to Facilitate International Payments

By Ponvang Bulus
Published May 7, 2019 Updated May 7, 2019
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Ripple Partners Ria MoneyTransfer to Facilitate International Payments

By Ponvang Bulus
Published May 7, 2019 Updated May 7, 2019

The leading blockchain payment company Ripple has been expanding its reach to customers around the world. This time, it is partnering with Ria Money Transfer to help enhance the payment experience for the payment giant’s customers. Ria which is a subsidiary of Euronet will be working with Ripple’s payment network RippleNet to enable faster and cheaper funds transfer for its customer.

Millions of customers to benefit


Ria Money has 377,000 locations scattered in over 155 countries around the globe. That amounts to millions of customers who patronize the company’s payment services. Sending money to the tune of $40 billion per year, Ria will be joining the over 200 clients Ripple boasts of. Ria CEO Juan Bianchi speaking on the partnership said:

“Ria’s integration with Ripple serves to build rails for an innovative payment infrastructure that seeks to provide easier access to potential partners, while delivering faster and cleaner payments to its users. Time is a vital currency for our customers and partners, so we always keep it at the center of our innovation efforts.”

Ripple is also glad to partner with Ria as its Senior Vice President of Customer Success Marcus Treacher, said in a statement.

Ria is one of the top money transfer players in the industry, with the second largest network in the world and is known for its world-class service. By joining RippleNet, Ria not only enhances our value chain for our partners but will continue to improve remittance times and costs for both their customer and enterprise clients.

Also Read: Ripple Labs, Inc. Appoints the CEO of SBI Holdings, Yoshitaka Kitao, An an Executive

Many clients, one blockchain

Ripple has developed key major partnerships in the year 2019, one of which is the recent one with Ria. The company had earlier partnered with a major Indian bank to facilitate cross-border payments. It also more recently teamed up with Saudi British Bank (SABB) for faster and cheaper international payments.

In January this year, the company announced that RippleNet had exceeded 200 clients worldwide and is still expanding its reach to as many clients and countries as possible. It will be interesting to see which company is next to sign up on the blockchain payment network.

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About Author
Ponvang Bulus
61 Articles
A cryptocurrency enthusiast, author, and investor with high motivation in cryptocurrency/blockchain research and writing. He loves birdwatching and traveling. Follow him on Twitter at @Ponvangbu

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