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Ria Money Transfer strengthens Asia Pacific presence through strategic acquisition of Kyodai Remittance
Globenewswireยท 2025-07-24 13:00
Core Insights - Ria Money Transfer has acquired a 60% stake in Unidos Co., Ltd. (Kyodai Remittance), enhancing its presence in Japan's remittance market [1] - The acquisition allows Ria to integrate Kyodai's operations and digital products, providing access to a global network of over 624,000 locations and 4 billion bank accounts [2] - Japan's demographic changes, including a significant increase in labor migrants, are reshaping the remittance sector, with personal remittances from Japan reaching over USD $6.07 billion in 2024 [3] Company Overview - Ria Money Transfer is a business segment of Euronet (NASDAQ: EEFT) and is recognized for its innovative financial services, including fast and secure global money transfers [5] - The company operates the world's largest cross-border real-time money movement network, facilitating financial access for customers and partners [6] Strategic Partnership - Ria and Kyodai have collaborated since 2010, focusing on delivering a seamless customer experience through an omnichannel strategy [2] - The partnership is built on shared values and a commitment to providing secure and convenient money transfer solutions [4]