LEAWOOD, Kan., Oct. 25, 2016 (GLOBE NEWSWIRE) -- Ria Money Transfer, in collaboration with Walmart, today announced the expansion of the Walmart2Walmart domestic money transfer service for customers seeking to send up to $2,500.
In 2014, Walmart and Ria introduced the Walmart2Walmart money transfer service to provide customers with a low-cost product that allowed them to transfer up to $900 between more than 4,600 Walmart stores nationwide. Now customers wishing to send as much as $2,500 can enjoy the simple, convenient, reliable Walmart2Walmart service powered by Ria, while saving more of their hard-earned money. Sending up to $2,500 will cost $18 through Walmart2Walmart, while competitive offerings charge as much as $50 to send $2,500.
“We have enjoyed working with Walmart to provide our customers with an easy-to-use product at a great value and we are excited that customers will now have a broader product selection to enjoy the simplicity of Walmart2Walmart when transferring money to their loved ones. We will continue to work collaboratively with Walmart to give our customers high quality products at an exceptional price,” said Michael J. Brown, Euronet’s Chairman and Chief Executive Officer.
Ria has been recognized as one of Walmart Services’ outstanding service providers, earning Walmart’s Service Provider of the Year award in two consecutive years. These awards are a reflection of the high quality of the Ria services together with the value the Walmart2Walmart product provides to consumers as well as the strong, collaborative relationship Ria and Walmart share.
Ria is the licensed money transfer operator for all Walmart2Walmart domestic money transfer transactions. Walmart acts as the authorized agent of Ria.
For more information, please visit www.walmart.com/moneycenter
About Walmart
Wal-Mart Stores, Inc. (NYSE:WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, nearly 260 million customers and members visit our 11,539 stores under 63 banners in 28 countries and e-commerce websites in 11 countries. With fiscal year 2016 revenue of $482.1 billion, Walmart employs approximately 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.
About Ria
Ria, a subsidiary of Euronet Worldwide, Inc. (NASDAQ:EEFT), is a global leader in money remittances. Ria offers fast, secure, affordable money transfers through a network of approximately 314,000 global agents spanning 144 countries and online at www.riamoneytransfer.com. The company is steadfast in its commitment to its customers and remains ingrained within the communities in which they live.
Ria operates in the United States as Continental Exchange Solutions, Inc. dba Ria Financial Services.
Forward-Looking Statements in this Press Release
Statements contained in this news release that concern Euronet's or its management's intentions, expectations, or predictions of future performance, are forward-looking statements. Euronet's actual results may vary materially from those anticipated in such forward-looking statements as a result of a number of factors, including: conditions in world financial markets and general economic conditions, including the effects in Europe of the recent Brexit vote and economic conditions in specific countries or regions; technological developments affecting the market for the Company's products and services; foreign currency exchange rate fluctuations; the effects of any breaches in the security of our computer systems or those of our customers or vendors; the Company's ability to renew existing contracts at profitable rates; changes in fees payable for transactions performed for cards bearing international logos or over switching networks such as card transactions on ATMs; changes in the Company's relationship with, or in fees charged by, the Company's business partners; competition; the outcome of claims and other loss contingencies affecting the Company; and changes in laws and regulations affecting the Company's business, including immigration laws. These risks and other risks are described in the Company's filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings may be obtained via the SEC's Edgar website or by contacting the Company or the SEC. Any forward-looking statements made in this release speak only as of the date of this release. Except as may be required by law, Euronet does not intend to update these forward-looking statements and undertakes no duty to any person to provide any such update under any circumstances. The Company regularly posts important information to the investor relations section of its website.