Al Fardan Exchange and Ria Money Transfer Strengthen Strategic Alliance

Al Fardan Exchange L.L.C, the leading money transfer and currency exchange firm licensed and regulated by the Central Bank of the United Arab Emirates (UAE), has strengthened its partnership with Ria Money Transfer (Ria), a global leader in the cross-border money transfer industry and a business segment of Euronet Worldwide, Inc. (NASDAQ: EEFT). This collaboration enhances the inward remittance experience by leveraging Ria’s 583,000 locations across nearly 200 countries and territories, providing customers with improved accessibility and efficiency for international transactions.

To meet inward remittance needs, the upgraded customer service now includes cash payout options via Ria. This allows Ria customers to conveniently receive incoming funds through Al Fardan Exchange’s extensive branch network across the UAE. With a mutual commitment to enhancing customer convenience, this partnership streamlines the inward remittance process and extends its benefits to a wider range of customers.

Hasan Fardan Al Fardan, Chief Executive Officer of Al Fardan Exchange, said: “We are delighted to enhance our partnership with Ria Money Transfer, further strengthening our capabilities in handling inward remittances. This collaboration enables us to deliver convenient, reliable and secure services, ensuring effortless access to funds for incoming remittances in the UAE.”

“Our partnership with Al Faran Exchange marks an exciting chapter for Ria in the region,” said Manuel Villena, Ria’s Executive Director Middle East. “By combining local expertise with global reach, we are setting a new standard of excellence and innovation for the money transfer industry across the Middle East”.