Ria Money Transfer and Xe, both business segments of Euronet, announced a collaboration with Google to make cross-border money transfers more accessible. This partnership aims to simplify the process for Google users to find and utilize Ria and Xe’s money transfer services.
The global digital remittance market is projected to grow significantly, with a forecasted total revenue of USD $23.4 billion in 2024 and a Compound Annual Growth Rate of 13.5% to reach USD $83.2 billion by the end of 2034. This collaboration positions Euronet to capture a larger share of this expanding market.
Ria and Xe currently support a vast network, including 3.2 billion mobile wallet accounts, 4 billion bank accounts, 4 billion Visa cards, and 624,000 physical locations across nearly 200 countries. Working with Google's extensive reach, this partnership is expected to introduce Ria and Xe's services to millions of new users.
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