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Ria Money Transfer joins Austrian Post’s network with bank99 partnership

Ria MoneyRia Money Transfer, a subsidiary of Euronet Worldwide, and Austrian Post’s banking and financial entity – bank99, announced their strategic partnership enabling customers to send secure international remittances from the bank’s 700 post office branches and partner locations through Ria’s global network of 397,000 locations across 160 countries. The official launch will transpire on April 1, 2020, with selected branches offering the service by May 4, 2020.

Georg Polzl, CEO, Austrian Post stated, “Fast, secure and convenient, that is what customers expect from a money transfer. With Ria Money Transfer we have found the ideal partner for our bank99 to offer our customers not only that right from the start, but also a world-class service.”

The partnership is in alignment with Ria’s strategy in becoming the preferred partner of post offices and large chain retailers for enabling secure remittances, transparency, and true product assortment to customers.

“This partnership presents a fantastic opportunity to strengthen our presence in Austria, and most importantly to support the Austrian Post’s legacy of reducing distances and promoting equality,” said Juan Bianchi, Executive VP & CEO, Money Transfer, Euronet. “We look forward to working alongside bank99 to continue our resolve to offer customers more choices and greater convenience.”

The collaboration is said to open an important new channel in Austria for Ria to offer its competitive pricing and FX rates to remittance customers while providing bank99 customers access to Ria’s ubiquitous global cash pickup and account deposit network with more choice of currencies and delivery methods.

According to the World Bank, an estimated $6.2 billion was sent in remittances from Austria in 2018 with top destinations including Germany, Serbia, Hungary, Bosnia & Herzegovina, Poland, and Czech Republic.

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