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Al Fardan Exchange & Ria Money Transfer expand partnership to boost inward remittances

By Delisha Fernandes

May 21, 2024

  • currency exchange
  • fintech MENA
  • Fintech news
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Al Fardan Exchange

Al Fardan Exchange, the money transfer and currency exchange firm, has strengthened its partnership with Ria Money Transfer (Ria), a global leader in the cross-border money transfer industry and business segment of Euronet Worldwide, Inc.

This collaboration elevates the inward remittance experience, leveraging Ria’s 583,000 locations in nearly 200 countries and territories worldwide to offer customers enhanced accessibility and efficiency in international transactions.

Hasan Fardan Al Fardan, Chief Executive Officer of Al Fardan Exchange, said, “We are delighted to enhance our partnership with Ria Money Transfer, further strengthening our capabilities in handling inward remittances. This collaboration enables us to deliver convenient, reliable and secure services, ensuring effortless access to funds for incoming remittances in the UAE.”

Catering to inward remittance requirements, the upgraded customer service now offers cash payout options via Ria. This enables Ria customers to conveniently access incoming funds through Al Fardan Exchange’s extensive branch network across the UAE. Through a mutual dedication to improving customer convenience, this collaboration not only streamlines the inward remittances process but also extends its benefits to a broader range of customers.

“Our partnership with Al Faran Exchange marks an exciting chapter for Ria in the region,” said Manuel Villena, Ria’s Executive Director Middle East. “By combining local expertise with global reach, we are setting a new standard of excellence and innovation for the money transfer industry across the Middle East”.

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