RippleNet has added another member to its extensive list of partners, as the company on May 1 announced that Ria Money Transfers, a subsidiary of Euronet Worldwide, has joined the growing international payments ecosystem.
The announcement describes that “End-to-end tracking, better visibility into fees, estimated delivery time, and status” are the key areas of improvement, and that other RippleNet customers will be able to access Ria’s fintech ecosystem.
Juan Bianchi, CEO of Euronet’s Money Transfer Segment, said,
At Ria we have developed the second largest Money Transfer network in the world along with a best-in-class compliance program all connected by our proprietary technology. Ria’s integration with Ripple serves to build rails for an innovative payment infrastructure that seeks to provide easier access to potential partners, while delivering faster and cleaner payments to its users. Time is a vital currency for our customers and partners, so we always keep it at the center of our innovation efforts.
Ria Money Transfers operates in over 155 countries and handles roughly $40 billion in money transfers every year.
RippleNet has been growing consistently and has over 200 partners across the world. Recently, the company added SBI CEO, Yoshitaka Kitao, to its board of directors.
