RIA has a global network of more than 41,000 agents offering consumer money transfer services in over 95 countries and territories. Acquired by Euronet, an electronic payments provider in April 2007, RIA processes approximately $4.5 billion in money transfers annually.
Banco Nacional de Mexico (Banamex) has a network of over 1,500 bank branches and more than 3,000 Banamex Aqui non-bank locations throughout the country. Banamex’ extensive network will soon offer payment of RIA and AFEX money transfers to customers in Mexico.
We are very pleased to add Banamex to our correspondent network in Mexico, said Juan Bianchi, CEO of RIA Envia. Thanks to this agreement, our customers will now have access to over 4,500 new locations of the Banamex network, which include many Banamex locations where our customers can receive their money seven days a week and even 24 hours a day. Additionally, our agreement enables Banamex to provide its customers with a greater level of choice for their money transfer needs.
