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Euronet's (EEFT) Arm Partners bank99 to Ease Money Transfer
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Euronet Worldwide, Inc.’s (EEFT - Free Report) subsidiary Ria Money Transfer recently entered into a strategic collaboration with bank99, Austrian Post’s new banking and financial entity.
With this agreement, customers can now send safe and secure international remittances from 700 post office branches of the bank and its partner stations via Ria Money’s wide network of 397,000 locations across 160 countries. The facility will be effective Apr 1, 2020 with specific branches providing services by May 4, 2020.
By dint of this deal, Ria Money remains committed to its strategy of becoming the preferred partner of post offices and large chain retailers that allow secure, transparent remittances to customers. The partnership also enables Ria Money to explore its prospects in Austria market and strengthen its position in the region by offering its competitive pricing and foreign exchanges rates to remittance customers.
At the same time, bank99 clients are able to use Ria Money’s widespread global cash pickup network and industry’s top account deposit network with more options for currencies and delivery methods.
Customers would benefit from Ria Money’s world class fast, reliable and convenient service.
Per World Bank, $6.2 billion was sent in remittances from Austria in 2018 including geographies like Germany, Serbia, Hungary, Bosnia & Herzegovina, Poland and Czech Republic.
Last month, this leading money transfer service providing unit along with a distinguished cross-border fund transfer company reached an agreement with Belgian Postal Service group (bpost group) to provide feasible money transfer services via more than 600 post offices.
The remittance market is evolving and it emerged as a vital source of earnings for the large population worldwide. As a nationwide leader, Ria Money is helping the industry achieve its target global average costs along with providing sound and sustainable transactions.
Shares of this Zacks Rank #4 (Sell) company have gained 9.7% in a year's time, underperforming its industry's growth of 11.9%.
Stocks to Consider
Investors interested in the finance sector might consider better-ranked stocks like Houlihan Lokey, Inc. (HLI - Free Report) , AXA Equitable Holdings, Inc. (EQH - Free Report) and TCG BDC, Inc. (CGBD - Free Report) . While Houlihan Lokey and AXA Equitable Holdings currently sport a Zacks Rank #1 (Strong Buy), TCG BDC carries a Zacks Rank #2 (Buy), each of which surpassed respective estimates in the last reported quarter by 18.9%, 30.2% and 4.7%, respectively. You can see the complete list of today’s Zacks #1 Rank stocks here.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
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Euronet's (EEFT) Arm Partners bank99 to Ease Money Transfer
Euronet Worldwide, Inc.’s (EEFT - Free Report) subsidiary Ria Money Transfer recently entered into a strategic collaboration with bank99, Austrian Post’s new banking and financial entity.
With this agreement, customers can now send safe and secure international remittances from 700 post office branches of the bank and its partner stations via Ria Money’s wide network of 397,000 locations across 160 countries. The facility will be effective Apr 1, 2020 with specific branches providing services by May 4, 2020.
By dint of this deal, Ria Money remains committed to its strategy of becoming the preferred partner of post offices and large chain retailers that allow secure, transparent remittances to customers. The partnership also enables Ria Money to explore its prospects in Austria market and strengthen its position in the region by offering its competitive pricing and foreign exchanges rates to remittance customers.
At the same time, bank99 clients are able to use Ria Money’s widespread global cash pickup network and industry’s top account deposit network with more options for currencies and delivery methods.
Customers would benefit from Ria Money’s world class fast, reliable and convenient service.
Per World Bank, $6.2 billion was sent in remittances from Austria in 2018 including geographies like Germany, Serbia, Hungary, Bosnia & Herzegovina, Poland and Czech Republic.
Last month, this leading money transfer service providing unit along with a distinguished cross-border fund transfer company reached an agreement with Belgian Postal Service group (bpost group) to provide feasible money transfer services via more than 600 post offices.
The remittance market is evolving and it emerged as a vital source of earnings for the large population worldwide. As a nationwide leader, Ria Money is helping the industry achieve its target global average costs along with providing sound and sustainable transactions.
Shares of this Zacks Rank #4 (Sell) company have gained 9.7% in a year's time, underperforming its industry's growth of 11.9%.
Stocks to Consider
Investors interested in the finance sector might consider better-ranked stocks like Houlihan Lokey, Inc. (HLI - Free Report) , AXA Equitable Holdings, Inc. (EQH - Free Report) and TCG BDC, Inc. (CGBD - Free Report) . While Houlihan Lokey and AXA Equitable Holdings currently sport a Zacks Rank #1 (Strong Buy), TCG BDC carries a Zacks Rank #2 (Buy), each of which surpassed respective estimates in the last reported quarter by 18.9%, 30.2% and 4.7%, respectively. You can see the complete list of today’s Zacks #1 Rank stocks here.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
See 5 Stocks Set to Double>>