Euronet's (EEFT) Unit Ties Up to Expand Reach in Romania
Zacks.com
12/22/2020
Euronet Worldwide, Inc.’s EEFT subsidiary Ria Money Transfer recently inked a deal with Compania Nationala Posta Romana S.A., Romania’s national postal service operator, to establish its footprint. This move is in line with its strategy to penetrate varied regions via postal partners. The deal will allow customers to send and receive money in Romanian Lei and euros in a safe and seamless manner.
This addition of 1,200 Posta Romana post offices with a potential of more than 5,500 points under their coverage will almost double Ria Money’s current distribution network in the territory. This deal is aimed at providing convenient transaction options to the local communities. Notably, Ria Money, the second largest money transfer operator in the country will be able to expand in the area substantially. Ria Money’s network of postal tie-ups provides plenty of choices and financial inclusion across the global payments scenario, thus offering enriched customer services. Customers will benefit from fast, safe and affordable fund transfers. Further, the scope of the remittance market is wide, which allows Ria Money’s partners to make the most of it.