Global leader in cross-border money transfer and Euronet Worldwide, Inc. subsidiary Ria Money Transfer has reportedly announced its partnership with Indonesian state-owned postal service firm Pos Indonesia. This strategic alliance is geared towards extending cash payouts by over 4,368 locations across Indonesia. As a result of this deal, the Indonesian expatriate population will be able to send international remittances to friends and family securely from various post office branches across the region.
The alliance is built on Ria’s overarching and long-held strategy for expansion via its postal network. It indicates a landmark debut of Ria’s expansion into the APAC with the inclusion of Pos Indonesia’s locations and also reinforces its position as a leading company for postal partnerships. The deal also sheds light on the key role of post offices as last-mile cash pick-up services delivery for communities.
The collaboration also highlights the status of Indonesia as one of the most prominent remittance markets worldwide, and the strong reliance on cash payouts by migrant workers, especially those working in Malaysia and Saudi Arabia. Pos Indonesia’s ability to reach remote locations throughout the region via multi-province operation, alongside the complex and vast geography and 200+ million population of Indonesia is in line with Ria’s vision of bringing convenience, trust, and choice for customers in every part of the nation.
CEO of the Money Transfer Segment of Euronet, Juan Bianchi reportedly commented that the company has long-valued the opportunities that arise out of partnering with postal services. He also stated that the recent collaboration with Pos Indonesia is allowing them to further their commitment towards supporting the communities through competitive pricing, accessibility, and excellent customer service. The alliance also strengthens Ria’s position as a leading money transfer partner for postal services worldwide, he added.
For the record, Ria Money Transfer, a Euronet Worldwide, Inc. subsidiary, is known for the delivery of innovative financial services, including secure, cost-effective, and speedy money transfers worldwide.