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Ria Money Transfer, ACLEDA Bank collaborate to broaden Cambodia remittance services

KUALA LUMPUR, March 10 (Bernama) -- Ria Money Transfer, a global leader in the cross-border money transfer industry and business segment of Euronet, and ACLEDA Bank Plc announced a partnership broadening cross-border money transfer services available to and from Cambodia.


This expansion of Ria’s network includes convenient services such as cash payments, cash collection in both KHR (Cambodian Riel) and USD (United States Dollars) and account deposits.


“Remittances continue to be a vital source of income for people in many countries, and at Ria, we are committed to helping people who are living and working far from home have access to the money transfer services they need to build a better everyday life.


“This partnership enables us to better serve our customers and strengthen our presence in the region,” said Chief Executive Officer of Euronet’s Money Transfer segment, Juan Bianchi in a statement.


Meanwhile, President & Group Managing Director of ACLEDA Bank, Dr In Channy said: “This cooperation will enable all kinds of customers (both Cambodian people and foreigners), who are working, doing business and/or living in Cambodia and the rest of the world to transfer funds from and to Cambodia through Ria Money Transfer with more than 500,000 retail locations throughout the world.”


Partnering with ACLEDA expands Ria’s presence in Cambodia, adding almost 300 cash pickup and payout locations for a total of 4,318 locations in the country.


Money sent by customers anywhere in the world through Ria’s network to a Cambodian bank account is delivered in real time, arriving just moments after the sender completes the transaction.


Ria is the second largest money transfer company in the world with over 500,000 retail locations, while ACLEDA is the largest bank in Cambodia, offering customers and remittance recipients approximately 300 convenient locations nationwide to access Ria’s global money transfer service.


-- BERNAMA



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