Kroger Partners with Ria Money Transfer to Offer More Value and Choice When Sending Money Around the World
October 27 2020 - 9:00AM
Ria Money Transfer, a global leader in the money
transfer industry and subsidiary of Euronet Worldwide Inc.
(NASDAQ: EEFT), today announced an agreement with
Kroger (NYSE: KR), America’s largest grocery
retailer. The agreement gives Kroger shoppers a new option to send
money within the U.S. and to more than 435,000 Ria locations in 160
countries and territories across the globe.
Customers can choose from Ria’s diverse delivery
options, including the most comprehensive bank deposit network in
the world with a reach of more than 3.6 billion bank
accounts, cash pickup in over 435,000 Ria locations, and
alternative options like ATM pickup, payments to millions of mobile
wallets, and home delivery depending on the destination. In
addition, customers will be able to choose Ria Money Transfer from
Kroger’s Money Services menu and compare Ria’s great exchange rates
and competitive fees to determine the best value for sending
money.
“At Kroger, we are committed to offering our
customers fresh products and experiences to make their lives
easier, and that includes providing access to money services,”
said Kate Ward, president of Kroger Personal
Finance. “Ria Money Transfer will expand the options
customers have to send money to family and friends across America
and beyond.”
This partnership has allowed Kroger to tap into
the REV® Payments Cloud, offered by Ria’s parent company, Euronet.
REV® offers an extensive breadth of capabilities that include
intelligent multi-vendor switching and a world-class compliance
aggregation platform. Euronet’s technology, bundled with Ria Money
Transfer’s value proposition, creates a solution that enables
Kroger to expand its product offering, improve customer
experience at point of sale, and deliver more value to
customers.
“We are thrilled to partner with Kroger, a
company that shares our values and commitment to customers,”
said Juan Bianchi, CEO of
Euronet’s Money Transfer Segment.
“At Ria, we believe that money transfer solutions should be as
tailor-made as possible. We facilitate access and a wider range of
integrated financial solutions to provide partners and customers
with services that meet their evolving needs, bringing more value
and more options to both."
About Ria Money Transfer
Ria, a subsidiary of Euronet Worldwide, Inc.
(NASDAQ: EEFT), is a global leader in the money transfer industry.
The company is steadfast in its commitment to its clients and their
communities, offering fast, secure, and affordable money transfers
through a network of over 435,000 locations across 160 countries
and online at www.riamoneytransfer.com.
For more information, visit
www.corporate.riafinancial.com.
About The Kroger
Co.:
The Kroger Co. employs nearly half a million
associates and serves 11 million customers daily through a seamless
shopping experience under a variety of banner names. To learn more,
visit the company’s newsroom and investor relations site.
Contact
Stephanie Taylor913-327-4200
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