62 percent of the world’s adult population have an account with a bank, financial institution, or mobile money provider. But according to the Global Findex Database of 2014, 2 billion adults in the world today are still unbanked. “While the amount of unbanked adults dropped by 20 percent...
Ria provides low-cost remittances and partnership for Postal Operators in Africa
posted by blogriafinancial
According to the World Bank, it costs an average of 20 percent to send remittances within Africa, while the global average cost to send to Africa is around 12 percent. This is the highest average remittance cost in the world. And these high fees are something that governments and agencies –...
Burundi’s National Post chooses Ria to launch its first international outbound money transfer service
posted by blogriafinancial
“Unity, Work, Progress.” Or “Ubumwe, Ibikorwa, Amajambere” if you speak Kirundi. This is the national motto and language of Burundi, a small country situated in Southeast Africa. It’s a strong saying, with words that Ria also believes in, because it’s something we do...
Ria teams up with Youssou N’Dour
posted by riafinancialblog
Ria believes in Africa. In its people and its culture. To prove our interest we brought the biggest star of African music to Paris, France: Youssou N’Dour, known as the ‘Lion of Dakar’. Named one of the hundred most influential people in the world by Time magazine in 2007,...
Low cost remittances arrive to Africa
posted by riafinancialblog
Ria, the low-cost money transfer company, has commenced sending operations from African countries starting with Ivory Coast in February 2013, The Gambia in April, Gabon and Togo in July, and with Equatorial Guinea to follow. The main destination countries for these remittances are other...