Ria recognises families and customers at third International Day of Family Remittances

Remittances are estimated to impact about 1 billion people. Currently, one person in every seven  sends or receives remittances, worldwide. These figures illustrate the significant contribution made by migrant workers to the economy of their host country and most importantly, their families left behind.

Ria is pleased to once again support the third annual International Day of Family Remittances (IDFR), observed today at the Global Forum on Remittances Investment and Development at the United Nations Headquarters in New York.

“The International Day of Family Remittances is an excellent initiative which highlights the impact that these small, regular sums of money, can have on the quality of life of millions of people worldwide,” said Ria’s CEO and President, Juan Bianchi. 

“We have a tremendous amount of respect for our customers and recognise the sacrifice they make to provide their families with better opportunities in life. We also understand that they’re sending a lot more than just money home, and feel honored to be a small part of that chain. It’s this responsibility that drives us to deliver greater value and better service every day.

“Ria wholeheartedly endorses the third International Day of Family Remittances and is pleased to be a part of this celebration once more,” affirmed Bianchi.

 

Ria wishes you a happy International Day of Family Remittances

 

At present, there are almost 250 million international migrants living outside their country of birth. Many of them are people that have migrated in order to improve their families opportunities in life. The International Fund for Agricultural Development (IFAD) calls this mass global movement the “human face of globalisation.”

For the many families in developing countries, remittances can be a lifeline, helping to provide families with basic needs, healthcare and education. They can also be the lifeblood of entrepreneurial dreams, helping to kick-start small businesses into action.

Since its inaugural year in Milan, Italy, in 2015, the IDFR has received more than 100 endorsements and support from money transfer companies, including Ria, both individually and through the International Association of Money Transfer Networks (IAMTN).

All have committed to taking positive action to ensure that every hard-earned dollar, euro, pound, rouble, yen, dinar or naira sent home count for more. 22 United Nations agencies have also supported the day, along with approximately 6,000 banks, close to 800 mobile operators and over 300 other companies in the mobile eco-system.

 

Photo credit: IFAD