Ria Money Transfer and PLS Financial Services Inc. Join Forces To Offer World-Class Money Transfer Services To Their Customers
Ria Money Transfer, a subsidiary of Euronet (NASDAQ: EEFT), has announced a new partnership with PLS Financial Services Inc. to become the exclusive provider of money transfer services at over 200 PLS Check Cashers locations across the United States. This collaboration will give PLS's three million monthly customers access to Ria's extensive network, including 4.1 billion bank accounts, 2 billion mobile wallet accounts, and nearly 600,000 cash pickup locations in 198 countries.
The partnership aims to meet the growing demand for competitive and affordable money transfer services, particularly for immigrants with family overseas. The United States, being the largest source of remittances globally, sends significant funds to countries like India ($15.8 billion), Mexico ($52.6 billion), and the Philippines ($12.8 billion) annually. This collaboration is expected to provide a customer-centric, safe, convenient, and economical transaction experience for U.S. consumers.
Ria Money Transfer, una sussidiaria di Euronet (NASDAQ: EEFT), ha annunciato una nuova partnership con PLS Financial Services Inc. per diventare il fornitore esclusivo di servizi di trasferimento di denaro in oltre 200 sedi PLS Check Cashers negli Stati Uniti. Questa collaborazione darà ai tre milioni di clienti mensili di PLS accesso alla vasta rete di Ria, che include 4,1 miliardi di conti bancari, 2 miliardi di conti di portafoglio mobile e quasi 600.000 punti di ritiro in contante in 198 paesi.
La partnership mira a soddisfare la crescente domanda di servizi di trasferimento di denaro competitivi e convenienti, in particolare per gli immigrati con famiglie all'estero. Gli Stati Uniti, essendo la maggiore fonte di rimesse a livello globale, inviano annualmente somme significative a paesi come l'India (15,8 miliardi di dollari), il Messico (52,6 miliardi di dollari) e le Filippine (12,8 miliardi di dollari). Si prevede che questa collaborazione fornisca un'esperienza di transazione incentrata sul cliente, sicura, conveniente ed economica per i consumatori statunitensi.
Ria Money Transfer, una subsidiaria de Euronet (NASDAQ: EEFT), ha anunciado una nueva asociación con PLS Financial Services Inc. para convertirse en el proveedor exclusivo de servicios de transferencia de dinero en más de 200 ubicaciones de PLS Check Cashers en los Estados Unidos. Esta colaboración dará acceso a los tres millones de clientes mensuales de PLS a la extensa red de Ria, que incluye 4.1 mil millones de cuentas bancarias, 2 mil millones de cuentas de billetera móvil y casi 600,000 ubicaciones de recogida de efectivo en 198 países.
La asociación tiene como objetivo satisfacer la creciente demanda de servicios de transferencia de dinero competitivos y asequibles, especialmente para inmigrantes con familiares en el extranjero. Estados Unidos, siendo la mayor fuente de remesas a nivel global, envía cantidades significativas a países como India (15.8 mil millones de dólares), México (52.6 mil millones de dólares) y Filipinas (12.8 mil millones de dólares) anualmente. Se espera que esta colaboración proporcione una experiencia de transacción centrada en el cliente, segura, conveniente y económica para los consumidores estadounidenses.
리아 머니 트랜스퍼(Ria Money Transfer)는 유로넷(Euronet, NASDAQ: EEFT)의 자회사로, PLS 금융 서비스 주식회사(PLS Financial Services Inc.)와 파트너십을 체결하고 미국 전역 200개 이상의 PLS 체크 캐셔(PFS Check Cashers) 매장에서 독점적인 송금 서비스 제공업체가 되기로 했습니다. 이 협력으로 PLS의 매월 300만 고객이 리아의 방대한 네트워크에 접근할 수 있게 되며, 이 네트워크에는 41억 개의 은행 계좌, 20억 개의 모바일 지갑 계좌, 거의 60만 개의 현금 수령 장소가 198개국에 분포되어 있습니다.
이번 파트너십은 특히 해외에 가족이 있는 이민자를 위해 경쟁력 있고 저렴한 송금 서비스에 대한 증가하는 수요를 충족시키는 것을 목표로 합니다. 미국은 전 세계에서 송금의 최대 출처로 매년 인도(158억 달러), 멕시코(526억 달러), 필리핀(128억 달러) 등의 국가에 상당한 자금을 송금합니다. 이 협력이 미국 소비자에게 고객 중심의 안전하고 편리하며 경제적인 거래 경험을 제공할 것으로 기대됩니다.
Ria Money Transfer, une filiale d'Euronet (NASDAQ: EEFT), a annoncé un nouveau partenariat avec PLS Financial Services Inc. pour devenir le fournisseur exclusif de services de transfert d'argent dans plus de 200 agences PLS Check Cashers à travers les États-Unis. Cette collaboration donnera aux trois millions de clients mensuels de PLS un accès au vaste réseau de Ria, qui comprend 4,1 milliards de comptes bancaires, 2 milliards de comptes de portefeuille mobile et près de 600 000 lieux de collecte de fonds dans 198 pays.
Le partenariat vise à répondre à la demande croissante de services de transfert d'argent compétitifs et abordables, notamment pour les immigrés ayant de la famille à l'étranger. Les États-Unis, en tant que plus grande source de remises au niveau mondial, envoient chaque année des sommes considérables vers des pays comme l'Inde (15,8 milliards de dollars), le Mexique (52,6 milliards de dollars) et les Philippines (12,8 milliards de dollars). Cette collaboration devrait offrir aux consommateurs américains une expérience de transaction centrée sur le client, sécurisée, pratique et économique.
Ria Money Transfer, eine Tochtergesellschaft von Euronet (NASDAQ: EEFT), hat eine neue Partnerschaft mit PLS Financial Services Inc. angekündigt, um der exklusive Anbieter von Geldtransferdiensten in über 200 PLS Check Cashers Standorten in den Vereinigten Staaten zu werden. Diese Zusammenarbeit wird den drei Millionen monatlichen Kunden von PLS Zugang zu Rias umfangreichen Netzwerk verschaffen, das 4,1 Milliarden Bankkonten, 2 Milliarden Mobile Wallet-Konten und nahezu 600.000 Auszahlungsmöglichkeiten in 198 Ländern umfasst.
Das Ziel der Partnerschaft ist es, die steigende Nachfrage nach wettbewerbsfähigen und kostengünstigen Geldtransferdiensten zu decken, insbesondere für Einwanderer mit Familien im Ausland. Die Vereinigten Staaten, als größte Quelle für Rücküberweisungen weltweit, senden jährlich erhebliche Beträge in Länder wie Indien (15,8 Milliarden Dollar), Mexiko (52,6 Milliarden Dollar) und die Philippinen (12,8 Milliarden Dollar). Diese Zusammenarbeit soll den Verbrauchern in den USA eine kundenorientierte, sichere, bequeme und wirtschaftliche Transaktionserfahrung bieten.
- Exclusive partnership with PLS Financial Services Inc. for money transfer services at over 200 locations
- Access to 3 million monthly PLS customers
- Expansion of Ria's reach in the U.S. market
- Potential increase in transaction volume and revenue from remittances
- None.
Insights
This partnership between Ria Money Transfer and PLS Financial Services is a strategic move that could significantly impact Euronet's (NASDAQ: EEFT) revenue stream. By becoming the exclusive provider for over 200 PLS locations, Ria gains access to a vast customer base of over 3 million monthly users, potentially boosting transaction volumes and market share in the competitive U.S. remittance market.
The collaboration taps into the
This partnership is a strategic fit for both companies. PLS gains access to Ria's advanced technology and extensive global network, enhancing its service offerings to its primarily immigrant customer base. For Ria, this deal provides a significant expansion of its physical presence in the U.S., potentially leading to increased market share in the world's largest remittance-sending country.
The collaboration aligns with the growing trend of financial inclusion for underbanked populations. By offering competitive and affordable money transfer services through a trusted local provider, Ria and PLS are well-positioned to capture a larger share of the remittance market. This move could potentially disrupt traditional banking channels and other money transfer services, making it a development worth watching for investors in the fintech and financial services sectors.
BUENA PARK, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Ria Money Transfer (Ria), a global leader in the money transfer industry and business segment of Euronet (NASDAQ: EEFT), today announced its new collaboration with PLS Financial Services Inc. (PLS) to become the exclusive provider of money transfer services at over 200 PLS Check Cashers locations throughout the United States.
PLS is a leading community financial services retailer in the U.S., serving over three million customers monthly searching for a better option than traditional banking. Many PLS customers are immigrants who have family overseas.
Ria’s partnership with PLS provides its millions of customers with access to Ria’s industry-leading real-time account deposit network of 4.1 billion bank accounts and over 2 billion mobile wallet accounts, as well as its vast network of nearly 600,000 cash pickup locations across 198 countries and territories. This collaboration will leverage Ria’s exceptional money transfer service with PLS’s vast customer base, bringing the ultimate money transfer value proposition for U.S. consumers to market.
The partnership between PLS and Ria responds to the increasing demand for competitive and affordable money transfer services that can offer choice and convenience to the U.S. consumer. According to the World Bank, the United States remains the largest source of remittances in the world, sending funds to countries like India (
"We are thrilled to partner with Ria Money Transfer. With our hugely successful launch last week, PLS and Ria together will continue to offer our customers the exceptional service they deserve," said Rob Fisher, Senior Vice President at PLS. "Ria’s cutting-edge technology will allow us to raise our customers’ expectations by providing a convenient money transfer service. We believe this partnership will further our mission: Why PLS? Because You Deserve Better!®.”
“At Ria Money Transfer, we have worked relentlessly to build the world’s most extensive and modern real-time payments network to deliver our customer’s hard-earned money to their loved ones, and we do so recognizing our customers demand trust and affordability,” shared Shawn Fielder, President and Chief Executive Officer of Ria Money Transfer. “Partnering with the industry leader amplifies our reach and allows us to continue fulfilling our commitment to helping individuals and communities thrive through a secure and efficient service offering. It is clear that PLS’s Why and our mission are aligned.”
About PLS®
PLS, headquartered in Chicago, operates over 200 community financial services centers across the country. PLS believes that customers deserve better than the existing services available in the marketplace to meet their critical financial needs. PLS financial service centers offer free money orders, check cashing, Xpectations!® Plus Debit Card, money transfer services, and bill payments. Some PLS locations offer auto insurance, and vehicle license and registration services. The PLS brand also includes an automobile dealership located in Indianapolis, IN. PLS employs well over 3,000 team members from the neighborhoods it serves. PLS does not offer any lending products. Visit PLS at www.pls247.com for additional information on products and services.
About Ria Money Transfer
Ria Money Transfer, a business segment of Euronet (NASDAQ: EEFT), delivers innovative financial services, including fast, secure, and affordable global money transfers. With the world’s largest cross-border real-time money movement network, Ria moves money where it matters. Bridging the gap between digital and physical spaces, Ria’s omnichannel products and services provide unprecedented consumer choice, including real-time payments, mobile wallets, currency exchange, home delivery, and cardless ATM payouts. Ria’s global infrastructure, powered by the Dandelion real-time, cross-border payments network, facilitates financial access to customers, agents and partners alike. By creating new market opportunities and promoting economic growth around the world, Ria opens ways for a better everyday life.
About Euronet
Starting in Central Europe in 1994 and growing to a global real-time digital and cash payments network with millions of touchpoints today, Euronet now moves money in all the ways consumers and businesses depend upon. This includes money transfers, credit/debit processing, ATMs, point-of-sale services, branded payments, currency exchange and more. With products and services in more than 200 countries and territories provided through its own brand and branded business segments, Euronet and its financial technologies and networks make participation in the global economy easier, faster and more secure for everyone.
A leading global financial technology solutions and payments provider, Euronet has developed an extensive global payment network that includes 54,736 installed ATMs, approximately 833,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services which are under management in 67 countries; card software solutions; a prepaid processing network of approximately 794,000 POS terminals at approximately 352,000 retailer locations in 64 countries; and a global money transfer network of approximately 586,000 locations serving 198 countries and territories. Euronet serves clients from its corporate headquarters in Leawood, Kansas, USA, and 67 worldwide offices. For more information, please visit the company's website at www.euronetworldwide.com.
FAQ
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