Wing and Ria Money Transfer team up to advance cross-border fund transfers
Now, Ria Money Transfer customers can send funds to Cambodia with Wing
Wing (Cambodia) Limited Specialised Bank, Cambodia’s leading mobile banking services provider, is expanding inbound transactions to the Kingdom through a partnership with Ria Money Transfer, a global leader in the cross-border money transfer industry and subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT).
Customers can now use Ria services to send money into Cambodia, where recipients can cash out through any Wing Cash Xpress Agent branded with the Ria logo. There’s no fee charged at the receiver end, making the process easy and accessible to all.
“We are delighted to offer more options for Cambodian people working abroad,” said Manu Rajan, CEO of Wing. “They should be able to send hard-earned money to their families at home, no matter how remote that may be, to sort out daily needs and emergencies alike. Our real-time fund transfer services make that happen.”
“This partnership merges the networks of both of our institutions, connecting customers around the globe,” Manu added.
Founded in 1987 and headquartered in California, U.S., Ria Money Transfer is a global leader in money transfers. Ria offers services to more than 447,000 locations in over 160 countries including USA, South Korea, Thailand, Philippines, China, Malaysia, India, Australia, Vietnam and many more. Ria makes the world a closer place by tightening distance between families and their loved ones through world-class money transfers.
“We are very pleased to officially launch our partnership with Wing,” said Espen Kristensen, Manager Director APAC at Ria. “Through this collaboration, we’ll further improve fund transfer services to those who need it most, getting money to where it matters in a fast, convenient and safe manner.”
Recipients in Cambodia only have to bring their original national ID card, passport or driving license and the 11-digit PIN code provided by the sender. With that in hand, they can then fill out the Wing recipient form and cash out funds through more than 4,000 Wing Agents showing the Ria logo.
According to the National Bank of Cambodia, Cambodian migrants sent home about $1.4 billion in remittances in 2018 alone. About $53 million of that came from South Korea.