Ria Money Transfer

This year marks a proud milestone for Ria in Australia, where we celebrate two decades of operations Down Under. The Australia team highlighted the occasion—and the opening of their new Sydney office—with an energetic party and a unique-looking cake! Their 20th anniversary year also saw the team achieve impressive feats, such as three accolades at the WeMoney Awards, a recognition that reflects their commitment to making money transfers better across the board. We thank the Ria Australia team for their hard work and continuous commitment to making a difference in our customers' lives. We look forward to a future full of growth, gratitude and purpose. Here's to the next 20 years!

Since entering Africa, Ria has helped transform its remittances landscape, which serve as a lifeline for migrants, families and communities across the continent. Although pricing has improved over the years, challenges remain. For years, remittance costs to Sub-Saharan Africa were among the highest in the world, averaging nearly 8% to send $200 in 2023, according to the World Bank. Driven by many factors, such as limited competition, exclusivity agreements, and reliance on informal channels, the landscape is shifting thanks to key players like Ria. "There was a kind of exclusivity in Africa," said Malick SECK, VP Ria Africa. "The pricing was very expensive and there was a lot of informal business transactions. Thanks to Ria and others, the market is now more transparent, pricing is pretty low, and the volume driven to Africa is pretty big." But we won't stop there. At Ria, we are constantly improving our product offering to provide customers with even greater choice and convenience, supporting Africa's financial future as we do so. To learn more about how mobile wallets are shaping the future of remittances in Sub-Saharan Africa, check out our blog post: https://lnkd.in/d-43njhx

Depending on where you are in your career and in life, retirement may seem like a distant dream or an approaching reality. No matter your age or income level, preparing for it is one of the most important financial journeys you'll ever take. The good news is that it’s never too early or too late to start planning and saving up for your post-work life. So long as you have the right mindset, tools and strategies, you can begin building a retirement plan that supports your future financial security. Read more about how you can prepare for your retirement: https://lnkd.in/drxf73rT

This week, Espen Kristensen, LLM, Managing Director Ria APAC, joined an industry-leading business podcast to talk about Ria's expansion and what's next in the region. In the episode, Espen takes a deep dive into Ria's current growth in the Asia Pacific region, which according to the UN is where six of the world's top ten remittance-receiving countries are located. The conversation also explores how Ria is navigating a rapidly evolving landscape that's marked by fierce competition and falling transfer fees. Check out the full podcast to hear more about the work being done by Ria in APAC: https://lnkd.in/d36iPa96

📣 𝐊𝐨𝐧𝐧𝐢𝐜𝐡𝐢𝐰𝐚, 𝐍𝐢𝐩𝐩𝐨𝐧! We're delighted to announce we've acquired our long-time partner, Kyodai Remittance, a funds transfer business and overseas remittance specialist based in Japan. For the past 15 years, we have been working closely with Kyodai to provide customers with a seamless and convenient money transfer experience, including access to 44,000 ATMs at Japan Post Bank and Lawson Bank locations nationwide. Now that we've acquired a majority stake, we are able to fully integrate Kyodai's operations to our service portfolio and leading global payments network, which include Kyodai's: 🏬17 stores 🏪Agent network 📱Mobile app This acquisition comes at a time of demographic change for the island country, with 144,000 new migrants moving to Japan on a long-term or permanent basis in 2022, according to the latest OECD International Migrant Outlook report. Furthermore, a 150% increase in Vietnamese, Chinese, and Indonesian nationals—compared to the previous year—has likely contributed to the more than USD$6 billion paid in personal remittances from Japan in 2024, ranking among the top third sending countries in Asia, based on World Bank data. 🔴“Kyodai’s success has always been rooted in our values, principles and the unwavering dedication of our employees,” said 𝐘𝐮𝐢𝐜𝐡𝐢𝐫𝐨 𝐊𝐢𝐦𝐨𝐭𝐨, 𝐂𝐡𝐢𝐞𝐟 𝐄𝐱𝐞𝐜𝐮𝐭𝐢𝐯𝐞 𝐎𝐟𝐟𝐢𝐜𝐞𝐫 𝐨𝐟 𝐊𝐲𝐨𝐝𝐚𝐢 𝐑𝐞𝐦𝐢𝐭𝐭𝐚𝐧𝐜𝐞. “This new chapter with Ria will allow us to scale further by tapping into a world-class global network, ultimately enhancing our service offering and creating more value for our customers.” 🟠“Ria and Kyodai’s 15-year partnership has thrived because we share a common mission and values,” said Shawn Fielder, 𝐏𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭 & 𝐂𝐡𝐢𝐞𝐟 𝐄𝐱𝐞𝐜𝐮𝐭𝐢𝐯𝐞 𝐎𝐟𝐟𝐢𝐜𝐞𝐫 𝐨𝐟 𝐑𝐢𝐚. “Together, we remain committed to delivering secure, convenient, and customer-focused money transfer solutions. By joining forces, we are well-positioned to make an even greater impact on the lives of people in Japan and the communities we serve worldwide.” At Ria, we work hard to meet our customers where they are, and this acquisition is yet another testament to that commitment. 💴🌏🧡

For those seeking a fast, trusted, and cost-effective way to send money home, Ria stands proudly at the top of the field in Australia. At this year's WeMoney Awards, Ria took home the gold in three categories: 🏆 International Money Transfer App of the Year 🏆 International Money Transfer Provider of the Year 🏆 Best for Quality “Winning not just one, but two of WeMoney’s most prestigious awards, is a massive achievement, and a clear sign we’re building something special," stated Simon Wilding, Country Manager Australia. "Beating some of the biggest global players in a highly competitive space speaks to the strength of our product, the clarity of our strategy, and the sharp execution driving us forward." Ria’s success is built on a foundation of accessibility, ease of use, speed and global reach. The WeMoney awards reflect our commitment to putting user experience first and continuously adapting to meet our customers’ needs with respect, inclusivity, and care. "This is serious momentum, and we’re just getting started.” added Simon Wilding. A huge thank you to all the dedicated people whose work, passion, and belief in our mission make Ria the industry leader that it is today🧡

𝙎𝙤𝙗𝙧𝙚𝙢𝙚𝙨𝙖 is a beautiful tradition present in many Spanish-speaking cultures. It refers to the time spent lingering at the table after a shared meal, sharing stories, laughter, meaningful conversations. At Ria, we understand the importance of cherishing these small moments of connection spent with the people you love most. To our customers reuniting with family this summer: we wish you many joyful 𝘴𝘰𝘣𝘳𝘦𝘮𝘦𝘴𝘢𝘴! And to those still far from home during this season: we're here to help you feel closer to your loved ones, no matter the distance🧡

Ria and Save the Children have joined forces to support community-led education centers in Mexico. Together, we have provided these Early Childhood Development Centers and their staff with educational materials and training to equip them with the tools to deal with everyday challenges. Last year, the Ria team had the opportunity to visit some of these schools. There, we met the selfless teachers who poor their energy and soul into creating these safe, nurturing spaces where children can learn and grow. Inspired by their work, we asked our own employees to reflect on the educators who had an impact on their lives. Memories came flooding back, and Luis Rubén Herrera Gómez was quick to share the teachers whose commitment and empathy moved him the most.

Geneva is an international city shaped by global connections. Every year, thousands of tourists flock to take in the sights of its crystal clear lake, quaint old town, green parks, and world renowned institutions. But Geneva is more than just a summer destination. With nearly 50% of the city's population made up of foreign residents, it's a place where people from around the world come to settle down and build a life. Whether you're a tourist in need of convenient currency exchange or a resident seeking fast, secure, and accessible ways to send money back home—Ria has got you covered. In recent years, we've strengthened our presence in Geneva by opening stores in the city's bustling travel hubs, cultural hotspots, and vibrant neighborhoods. This expansion reflects our commitment to serving travelers and locals alike. Because wherever life takes you, we're here to support you along the way.

Last month, we proudly celebrated the launch of the Ria Wallet in Malaysia! The long-awaited achievement came in response to the growing need for a practical and secure financial tool within Malaysia's industries and migrant communities. "With over 38 years’ experience of providing money transfer services" commented Ria Money Transfer President & CEO Shawn Fielder, "we understand the importance of trust in our industry and delivering solutions that help [our customers] send money back to their families as they continue their journey in other countries." The Ria Wallet and its wide range of services were officially unveiled during a lively event in Kuala Lumpur on June 11th. Attendees heard firsthand from Ria leadership and met honored invitee from Malaysia’s Department of Labor, Director of the Legislation and Licensing Department Roslee Sabaruddin bin Abu, whose joint efforts were behind this impressive milestone. Guests also had the opportunity to visit demo booths for a live walkthrough of Ria’s products and services, while receiving on-the-spot answers to their queries. Take a look at the launch's highlights: