Use Cases

Ria Money Transfer Partners with Paytm Payments Bank to Enable Real Time International Remittances into Paytm’s Mobile Wallet

PRESS RELEASE

NOIDA, India and BUENA PARK, Calif., Sept. 27, 2021 — Ria Money Transfer, a business segment of Euronet Worldwide, Inc. (NASDAQ: EEFT) and global leader in the cross-border money transfer industry, and Paytm Payments Bank, India’s homegrown leading payments company today announced a partnership to enable customers to send money in real time – virtually instantly – through Ria’s extensive network to Paytm’s prominent mobile wallet.

Thanks to this pioneering partnership, both companies break new ground in the remittance industry in India. Paytm becomes the country’s first platform to accept international remittances directly into a digital wallet, and Ria becomes the first money transfer company to connect with Paytm’s approximately 333 million wallet users (an estimated 120 million are fully KYC’d) significantly increasing its customer reach in the region and creating a new delivery channel for the Indian diaspora to send money back home.