Ria partners with FirstBank for expansion in Africa

Expanding pay-out network in Nigeria

Ria, the money transfer company and subsidiary of Euronet Worldwide, is expanding its pay-out network in Nigeria by signing a correspondent agent agreement with FirstBank of Nigeria (view press release). The partnership will enable customers to remit money to Nigeria either through a direct payment into the recipient’s account or for cash pick-up at a FirstBank branch. Nigeria accepts USD 10 billion in remittances annually, and the agreement will expand Ria’s pay-out network by approximately 600 locations.

“We are pleased to announce the addition of FirstBank to our growing global correspondent network. FirstBank has been serving consumers in Nigeria since 1894, and understands their customers,” said President and Chief Executive Officer of Ria, Juan Bianchi. “We look forward to a mutually beneficial, exciting, long-term relationship with FirstBank.”

 

 

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