Enhancing end-user experience for money transfers
Applicant name: Ria Financial Services
Innovation Name: Ria Money Transfer
Innovation Type: Service
Website: http://www.riamoneytransfer.co.uk
Mission: Enhancing end-user experience for money transfers
Innovation Description: Ria Money Transfer has partnered with ASDA in the UK to facilitate money transfer for the communities we serve. ASDA has over 100 stores across the UK, which helps hard-working communities to find a local point of contact to send money to their loved ones abroad. Many immigrants and expats need a fast, secure and economical way to send money to their families and loved ones for living expenses, education fees, etc. However, it is not always easy and convenient to find a quick means of doing so, especially during office hours. Ria has therefore developed an intuitive and simple to use digital platform – www.riamoneytransfer.co.uk to extend our reach beyond brick and mortar stores. Earlier this year, the UK division of Ria Money Transfer has partnered with Nisa, which has a network of over 2,500 local independently-owned stores across the UK. This initiative is aimed at democratising access to payments and money transfers for all individuals, at their convenience.
Status of Innovation: In-market
Innovation Active Since: 01/11/2017
Applicant Type: Public Company
Headquarter City: Madrid
Headquarter Country: Spain
Year Founded: 1987
Main Category
Main Category Choice: Remittances For Social Impact
Why do you think you should win this category?:
Ria Money Transfer is actively extending its stores network in community-based locations such as Southall for the north Indian diaspora, Brixton for Latin-American communities and Birmingham for Asian ethnic groups. Our philosophy is to be as close to the communities we serve. The market size for money transfers in the UK is very significant as about 10% of the country demographics are immigrants. Unlike other money transfer providers, Ria Money Transfer firmly believes in the value that brick and mortar stores bring to local communities and this a core reason why we are still heavily investing in this channel. We believe that on top of money transfer, we support human connections by putting loved ones in touch and providing financial security to people who are often in the most vulnerable spectrum of society
Secondary Category
Secondary Category Choice: Remittance Synergies
Why do you think you should win this category?
Ria Money Transfer is actively extending its stores network in community-based locations such as Southall for the north Indian diaspora, Brixton for Latin-American communities and Birmingham for Asian ethnic groups. Our philosophy is to be as close to the communities we serve. The market size for money transfers in the UK is very significant as about 10% of the country demographics are immigrants. Unlike other money transfer providers, Ria Money Transfer firmly believes in the value that brick and mortar stores bring to local communities and this a core reason why we are still heavily investing in this channel. We believe that on top of money transfer, we support human connections by putting loved ones in touch and providing financial security to people who are often in the most vulnerable spectrum of society
Team Members
Full Name: Yeshee Saccaram-Tengur
Role: Marketing Manager
Linkedin: https://www.linkedin.com/in/yeshee/
Supporting Links
Ria Money Transfer website: https://www.riamoneytransfer.com/gb/en
ASDA Money Transfer – powered by RIA: https://money.asda.com/money-transfer/
Entry Representative
Full Name: Yeshee Saccaram-Tengur
Role: Marketing Manager
