“Great” – 2.8/5 on Trustpilot with over 6,000+ reviews (December 2022)įees depend on currency pair, transfer speed, amount, delivery method, and funding method Online, mobile, and physical agents/ kiosksĮncrypted website and app, Transfer audits, 24×7 monitoring, Govt ID for cash pick up, doesn’t store card data □ Establishedĥ00,000 offices and agent locations worldwide According to the reviews, Ria offers fast transfers to many locations, but they are not easy to use. On Trustpilot, Ria is rated 2.8/5, which is considered “Average” with over 6000 reviews. Amount limits on transfers (above $3000 USD).Supports very few countries you can send from (US, Canada, UK, Australia and Spain).You can set up your transfer with cash, a credit or debit card, or a bank transfer.Supports home deliveries and cash pay-outs.Local presence in 160 countries with over 400,000 agent locations.What the Reviews Really Say (including negative ones).For more information, see our disclosures here. We even break down what negative reviews really says about them.Īs it turns out they could be great for you, but not always and when they are not – we will point you to a few services who might be better (and cheaper □).ĭisclosure: This post contains affiliate links where you might be able to save money. We uncover the good, the bad, and the ugly so you know if Ria is your best bet. In the next few minutes you will find out if Ria is the right money transfer service for you. With this knowledge as its basis, by providing cash pickup transfers, Paysera is looking to strengthen its position in the market for transfers to developing countries.6 Things You Need To Know Before You Sign Up As per the announcement, the World Bank found that 55% of adults in Albania, Uzbekistan, and Kyrgyzstan, together with 45% in Armenia, 36% in Moldova, and 16% in Ukraine are unbanked. The press release also details that the World Bank estimates transfers to low- and middle-income countries to have a 2% increase throughout 2023 and reach USD 639 billion (EUR 587 billion). As per their statement, the collaboration with Paysera is believed to help bring increased convenience to unbanked customers enabling them to receive financial support sent by relatives working abroad.Īt the time of the announcement, the cash pickup transfers at Ria service points are available by leveraging Paysera’s electronic banking and they are set to be made accessible on the mobile app in H1 2023. Furthermore, the aim of the service is that of assisting Ukrainian citizens that are temporary EU country residents and are looking for methods to transfer money back to their home country.Īlla Shelest, Regional Director of Business Development at Ria added that remittances sent from relatives working in the EU to their loved ones oftentimes account for a significant part of the family’s budget, supporting their basic needs, from health and food to education. Additionally, as international transfers from Europe to Asia, for example, could sometimes be increasingly costly when compared to alternative cash pickup transfers, company officials believe there are numerous instances where cash pickup transfers are both useful and necessary.īased on the information detailed in the announcement, Paysera anticipates the cash pickup transfer service to be of interest to migrants working across developed countries in Europe that send money home to their families. For these types of cases, they stated that it is uncommon for people to have an account in other parts of the world.įurthermore, they added that even in the situations when the recipient does have an account, it may not be linked to a debit card, the card may have been lost, or there could also be no ATMs nearby for money withdrawal. Gintautas Mezetis, CEO of Paysera LT exemplifies the instance of Turkey, with 85 million people out of which 26% of the adult population is unbanked, amounting to a total of 17 million people. ![]() ![]() Paysera, Ria Money Transfer partnership context and detailsĪs per press release information, transferring money to a bank account is not always an option as the recipient may not have a local bank account. The collaboration with the cross-border money transfer solution provider gives clients the option of sending money to the nearest Ria cash pickup location instead of a bank account and helps unlock payment collection in cash at more than 522,000 locations worldwide. Fintech company Paysera has partnered with Ria Money Transfer, a Euronet Worldwide subsidiary, to enable payment collection in cash at Ria pickup locations in 152 countries.
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