Benzinga | May 27, 2021 09:05AM EDT

Euronet Worldwide Subsidiary Ria Money Transfer Partners With Mooney In Italy

Ria Money Transfer, a global leader in the cross-border money transfer industry and subsidiary of Euronet Worldwide, Inc. (NASDAQ:EEFT), today announced the extension of its distribution network through a strategic collaboration with Mooney, one of Italy's foremost proximity banking and payments companies. This partnership enables Ria to deliver its key principles of convenience, simplicity and value for money to Mooney's nationwide coverage in Italy of approximately 45,000 points of sale and 20 million customers who make more than 200 million transactions per year.



By completing a streamlined onboarding process of Ria's world-leading payment services at Mooney's POS terminals, customers will now be able to send and receive euros with new levels of accessibility. This alliance is a significant expansion of Ria Money Transfer's Italian marketplace and execution of the company's continuing partnership-led growth strategy. In addition to gaining network access, the deal creates future opportunities for a digital partnership through Ria's integration into the Mooney app.

"Through Mooney, we have found the perfect partner to extend Ria's customer reach to potentially every corner of Italy and make our fast, secure and competitive international payments simpler and more accessible for millions of customers," said Juan Bianchi, CEO of Euronet's Money Transfer Segment. "The unifying vision of this collaboration is to improve the customer experience and provide excellence in the payments landscape."

"We are pleased to make our technological platform and our network of affiliated points of sale available to Ria Money Transfer, which provides a tool of financial inclusion to a broader global community. This partnership enables money transfer services for customers from one side of the world to the other shortening any time and distance between them," said Salvatore Borgese, General Manager - Commercial & Banking Services at Mooney.