IPPB collaborated with Ria Money Transfer to offer remittance services across Rural India

India Post Payments Bank (IPPB) has announced its partnership with Ria Money Transfer (Ria), global leader in the cross-border money transfer industry and business segment of Euronet Worldwide, Inc. The ease of access brought by this collaboration will provide customers in remote areas across India with convenient and affordable doorstep financial services.

Through this partnership, the International Inward Money Transfer service will become available at more than 25,000 Post Office locations immediately with an expected reach of over 100,000 locations through the Post Offices.

By combining IPPB’s reach through world’s largest postal network and esteemed reputation with Ria’s global network and extensive product offering, customers across India will be able to benefit from a fast, convenient and safe doorstep service no matter where they are.

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As stated by Shri R Viswesvaran, MD & CEO, IPPB, “Rural India is the heart of our nation & for many rural families, receiving remittances from abroad is a lifeline that supports education, healthcare, and daily living expenses. With IPPB’s extensive network and trusted service, we are making international inward money transfers more accessible, affordable, and reliable for rural customers. This service bridges a crucial gap, allowing families and communities to connect with their loved ones abroad seamlessly and securely. This initiative underscores our dedication to ensuring that no corner of India is left behind in the global financial landscape.”

This partnership underscores both IPPB & Ria’s shared commitment to service excellence, leveraging their network capabilities and reach to drive positive change across the remittance industry. Both companies are confident this collaboration will lead to significant benefits to all stakeholders.

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"Furthermore, IPPB and Ria are using advanced technology and existing infrastructure to revolutionize the money transfer process. This includes using verified biometric authentication for customer KYC (Know Your Customer) without the need for physical ID to collect remittances and confirming digital transactions with a paperless receipt."

 Both entities are enhancing the customer experience by streamlining the process of receiving remittances through a secure, paperless journey, ensuring compliance with regulatory highest standards and bolstering security measures. 

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