Ria Money Transfer and Xe, both business segments of Euronet Worldwide, have partnered with Google to make cross-border money transfers easier to find and conduct.
The collaboration aims to improve access to payment services for Google users by integrating Ria and Xe’s digital offerings into the platform.
Ria and Xe currently support transfers to 3.2 billion mobile wallet accounts, 4 billion bank accounts, 4 billion Visa cards and 624,000 locations in nearly 200 countries and territories.
The global digital remittance market was valued at US$23.4 billion in 2024 and is expected to grow to US$83.2 billion by 2034, driven in part by the growing adoption of embedded finance.
“Thanks to the convenience of digital channels, more and more customers are choosing to send money online.
We are thrilled to be working with Google, and through their vast reach, make Ria and Xe’s money transfer service available to millions of people who haven’t experienced it before.”
said Juan Bianchi, Euronet’s EVP & CEO Money Transfer segment.
In May 2024, Euronet completed its acquisition of the Malaysian Electronic Payment System (MEPS) ATM terminals from Payments Network Malaysia (PayNet), expanding its presence in Southeast Asia.
More recently, Ria Money Transfer received approval from the Department of Labour Peninsular Malaysia to disburse digital wages to migrant workers through the Ria Wallet.
Featured image: Edited by Fintech News Malaysia, based on image by thanyakij-12 via Freepik
