Ria Money Transfer and Xe Join Forces with Google to Collaborate on Seamless, Cross-Border Money Transfers

Core Insights - Ria Money Transfer and Xe have announced a collaboration with Google to enhance accessibility for cross-border money transfers, aiming to simplify the process for Google users [1][3][4] Market Overview - The global digital remittance market was forecasted to generate total revenue of USD $23.4 billion in 2024, with a projected Compound Annual Growth Rate (CAGR) of 13.5%, reaching USD $83.2 billion by 2034 [2] - The global embedded finance market was valued at USD $104.8 billion in 2024, contributing to the growth of digital remittances [2] Company Capabilities - Ria and Xe currently support 3.2 billion mobile wallet accounts, 4 billion bank accounts, 4 billion Visa cards, and 624,000 locations across nearly 200 countries and territories [3] - Ria offers a range of omnichannel products and services, including real-time payments, mobile wallets, currency exchange, home delivery, and cardless ATM payouts, facilitated by its Dandelion real-time payments network [5] Strategic Importance - The collaboration with Google is expected to leverage Google's extensive reach to introduce Ria and Xe's money transfer services to millions of new customers [4] - Ria's infrastructure aims to create new market opportunities and promote economic growth globally, enhancing financial access for customers, agents, and partners [5]