Ria Money Transfer Offers Poni’s Innovative ATM-Based Remittance Payout Solution

Strategic partnership enables receivers of U.S. remittances in Mexico
to be paid cash at ANY ATM in Mexico

PRINCETON, N.J.–(BUSINESS WIRE)–#Fintech–Technological innovations in the financial services market are enabling
new ways to make transactions faster, easier, and more accessible to end
users. A clear beneficiary of such innovation is the market of
international remittances, one of Mexico’s top-three sources of income.


While most improvements and advances have focused on the sending side,
very few have improved ease of use for the beneficiaries of remittances.
These improvements are particularly valuable in a country like Mexico,
where over 60% of the Mexican population is still unbanked, and thus
heavily reliant on cash. Solutions that reduce restrictions to accessing
cash payouts are increasing in popularity, especially in rural or
suburban areas, where families typically face greater challenges to
access financial infrastructure or commerce.

Poni, a financial technology innovation company, and Ria Money
Transfer
, a leading global player in the international remittances
market, have formed an alliance that provides beneficiaries with
ubiquitous access to their cash through Poni’s zero-fee, ATM payout
solution. In order to use this new product, beneficiaries only have to
purchase and register a Poni Cash Card. This card becomes their key to
access any of almost 50,000 ATMs throughout Mexico. Ria’s customers and
their families can take advantage of this technology, affording them the
convenience of picking up their cash, when and where they need it. Given
Ria’s parent company Euronet Worldwide, which brings its 25-year history
of owning and operating ATMs together with Euronet and Ria’s successful
ATM payout product in Europe, the extension of a relationship with Poni
to enable payout at the ATM in Mexico was a natural fit.

Juan Bianchi, CEO of Ria Money Transfer said: “For over 30 years,
we have been innovative leaders in the industry, making the world a
smaller place by reducing distances between families and their loved
ones through world-class money transfers. We are one of the top-three
global options for sending money, especially among the Hispanic
community throughout the United States, where approximately 11.6
million Mexican immigrants reside, according to American Community
Survey (ACS
). Our partnership with Poni enables us to leverage their
remittance payout technology which provides our customers’ beneficiaries
the convenience of cashing out their remittances at any ATM in Mexico.”

Gricha Raether, Country Manager of Poni Mexico, said: “Our main
goal is to bring to our clients an easier, more convenient way of
accessing their money, especially for those families or beneficiaries
hose livelihood heavily relies on family remittances. We are proud to
offer this new option to the Hispanic community in the U.S. and their
family members in Mexico; a solution that is transforming the industry: The
Poni zero-fee ATM payout, a new way to use ATMs that doesn’t require
that users already participate in traditional banking.
Users can
acquire the Poni Cash Card, which enables access to the ATMs, in over
6,000 retailers throughout Mexico, including Comex, Circle K, Super Q,
Milano, among others, for a one-time fee of $10 Mexican pesos.”

About Poni

Poni is financial technology that enables receivers in Mexico to get
their money from United States remittances any time, at any ATM in the
receiving country, without the need for a traditional bank account and
without paying any ATM fees. Poni is a product of American Cash
Exchange, Inc., a privately-held company located in Princeton, New
Jersey. The company offers personal payment solutions for the
international marketplace.

For more information please visit:

www.poni.mx
Facebook:
@PoniMX
Twitter:
@ponimexico
Media
kit: http://bit.ly/2KurnBl

The Poni Debit Card is associated with a low-risk depository account,
issued by Ictineo Plataforma, S.A. of C.V. S.F.P. Poni does not raise
funds from the public and does not perform money transmission
activities. The sending of remittances is done through a money
transmitter duly registered with the CNBV.

About RIA

Ria, a subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT), is a
global leader in the remittance industry. The company is steadfast in
its commitment to their clients and their communities, offering fast,
secure and affordable money transfers through a network of over 377,000
locations spanning across 155 countries and online at
www.riamoneytransfer.com

For more information please visit:

https://www.riamoneytransfer.com/us/en
Facebook:
@RiaFinacialServices
Twitter:
@RiaFinancial

Contacts

Susana San Román / Tania Abundis Alatorre
susana@colocandoideas.com
tania@colocandoideas.com

Recibe gratis todas las noticias en tu correo

Este sitio está protegido por reCAPTCHA y Google Política de privacidad y Se aplican las Condiciones de servicio.

¡Muchas gracias! Ya estás suscrito a nuestro newsletter

Más sobre este tema
Contenido Patrocinado
Enlaces patrocinados por Outbrain