Time: November 11, 2019
Arab National Bank (ANB), and Ria Money Transfer, a subsidiary of Euronet Worldwide and the second largest cross-border money transfer company in the world, have announced their partnership to facilitate money transfer payout services in Saudi Arabia.
The agreement allows ANB customers in Saudi Arabia to send money to beneficiaries in India through ANB’s 96 dedicated TeleMoney centers located in the Kingdom.
Anwar Al-Murshed, head of TeleMoney, said: “This partnership comes in parallel with our relentless efforts to expand our outreach and further enhance our remittance services to India. Beneficiaries can now easily transfer money, offering greater convenience for their families and friends to collect cash within minutes across India.”
“Ria is a global money transfer leader, with the second largest network in the world and a resolute determination to keep setting a higher standard in remittance delivery for our customers,” said Juan Bianchi, CEO of Euronet’s Money Transfer Segment.