Ria Money Transfer and Dandelion power the real-time cross-border payments for Sweden’s Rebtel
According to the UN, there are more than 280 million migrants around the world and most of them have a need to connect with family back home – whether it’s a phone call or a money transfer. Unfortunately, structural barriers often leave migrants underbanked and underserved, but Rebtel recognized the opportunity and built a calling network that enables users to communicate with family across 51 countries. Today, in partnership with Ria, Rebtel can now offer money transfer services to customers, enabling them to make international calls through Rebtel and send money home through Ria – all in one easy and convenient app.
“At Rebtel, we believe in knocking down barriers that separate people. It's our mission to link all migrants with loved ones worldwide," said
This partnership highlights a significant growth opportunity for Telcos. Last year, the Global Knowledge Partnership on Migration and Development (KNOMAD) estimated a robust 7.3 percent growth in the remittance space and projects continued growth in an industry that is valued at more than
“Behind every money transfer there is a story, and it usually starts with someone calling home, caring for family, or making a loved one’s life better,” said
While Rebtel has initially launched cross-border payments in the US with payouts to bank accounts, they plan to quickly expand service to take full advantage of Dandelion’s network and capabilities by adding more regions and more channels, including cash and mobile wallets. Today, Rebtel services more than one million active users, primarily located in
About Euronet (EEFT), Money Transfer Segment
Euronet Worldwide, Inc. (EEFT) Money Transfer Segment comprises three core products: Ria, Xe and Dandelion. Ria is the second largest consumer remittance company in the world, offering real-time international money transfers with a special focus on emerging markets. Xe is the trusted currency authority, with hundreds of millions of web and app users around the world, offering currency information and industry leading consumer and business money transfers services. Powering Xe and Ria is Dandelion, the largest real-time cross-border payments network in the world; it offers consumer and business transaction processing and fulfillment to 170 countries and territories with alternative payout channels like bank accounts, cash pick-up, and mobile wallets. Beyond Euronet’s own services, Dandelion also powers cross-border payments for third party banks, fintechs, and big tech platforms. For more information, please visit the company's website.
About Rebtel
Founded in 2006 in
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Media Contact Aura Martínez Schifflers comms@riafinancial.comSource: Euronet Worldwide, Inc. (EEFT)