BUENA PARK, Calif.--(BUSINESS WIRE)--
Ria, the third-largest global money transfer company and a subsidiary of
Euronet Worldwide Inc. (NASDAQ:EEFT), announced today expansion of its
payout network in Nigeria by signing a correspondent agent agreement
with FirstBank of Nigeria Plc. This partnership allows customers to
remit money to their loved ones in Nigeria either through direct payment
into the recipient's account or for cash pick-up at one of FirstBank's
branches.
According to the World Bank, Nigeria continues to be one of the top ten
receive countries, accepting over $10B in remittances annually. The
agreement expands Ria's payout network in Nigeria by more than 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. Now, together we
will offer excellent service to Nigeria. We look forward to a mutually
beneficial, exciting, long-term relationship with FirstBank," said Juan
Bianchi, President & Chief Executive Officer, Ria.
"FirstBank's existing and prospective customers all over the world now
have another platform for remitting money to their loved ones with the
peace of mind, expertise, and convenience that FirstBank offers. Ria is
a top brand in the money transfer business, and we are delighted at
having another opportunity to serve the Nigerian market with seamless
money transfer services," said Folake Ani-Mumuney, Head, Marketing and
Corporate Communications, FirstBank.
About Ria
Ria, a subsidiary of Euronet Worldwide, Inc., (NASDAQ: EEFT), and a
leading provider of global money transfer, has provided cost effective,
secure and fast alternatives to send money to families of our customers
worldwide for 25 years. Ria's network spans approximately 155,000
locations across 136 countries. Ria's product portfolio includes money
transfer, bill payment, money order, check cashing and foreign currency
exchange services. For more information visit www.riafinancial.com.
About FirstBank
First Bank of Nigeria Plc. (FirstBank) is Nigeria's leading financial
services institution by total assets and gross earnings. With more than
5 million customers, FirstBank has over 600 branches and eleven (11)
subsidiary companies in Nigeria, providing a comprehensive range of
financial services. The Bank has international presence through its
subsidiaries, FBN Bank (UK) Limited in London and Paris, and Banque
International de Credit (B.I.C) in the Republic of Congo, as well as its
Representative Offices in Johannesburg, Beijing and Abu Dhabi. FirstBank
is recipient of several recent awards including the "Best Banking Group
in Nigeria" by World Finance Banking Awards, "Best Financial Reporting
Company" by Africa Investor, "Most Innovative Bank in Africa" by African
Banker Awards, and was recently named Nigeria's number one banking brand
by Brand Finance Top 500 Banking Brands 2012.
Ria
Debi Buckley, 562-345-2100
VP, Worldwide Marketing
dbuckley@riafinancial.com
or
FirstBank
of Nigeria Plc.
Folake Ani-Mumuney, +234-190-52282
Head,
Marketing & Corporate Communications
www.firstbanknigeria.com
Source: Ria
News Provided by Acquire Media