NTB ties up with Ria money transfer to promote remittances

Tuesday, 6 March 2012 00:21 - - {{hitsCtrl.values.hits}}

Nations Trust Bank Plc (NTB) has signed up with a number of remittance partners worldwide to offer a fast and convenient remittance service across its expanding branch network.

The bank recently entered into a partnership with Ria Financial Services and an agreement to this effect was signed recently at the bank’s head office in Colombo.

Ria Financial Services was founded in 1987 and is today the third largest money transfer company in the world, with a global agent network of 140,000 locations in 137 countries on five continents.

In addition to money transfer services, Ria offers bill payment, mobile top ups, prepaid debit cards, check cashing and money orders. Ria has processed US$ 7 billion worth of money transfers in year 2011. Ria Money Transfer provides its customers an instant, safe and affordable way to transfer money worldwide.

The tie-up will enable Sri Lankans living overseas to remit money to Rupee and foreign currency accounts at NTB or rupee accounts at another bank. Through this service funds could also be collected over the counter at any of one of the 48 NTB branches that are open 365 days offering extended banking hours.

Commenting on the partnership, NTB DGM Retail and SME Banking Keshini Jayawardena said, “We are proud to sign up with Ria Financial Services who is a global player in the remittance business to offer our customers a convenient and fast remittance service through our banking network. We look forward to a growing partnership with Ria Money Transfer so that we achieve a win-win situation for both parties.”

Ria Financial Services Operations Director-South Asia Sujoy Kanjilal said, “We consider this partnership key to promote remittance services to this part of the globe and we look forward to exploiting Nation Trust Bank’s expanding network to offer residents overseas a fast, affordable and secure money transfer service thorough Ria Money Transfer. Nation Trust Bank’s reputation as a reliable and customer-friendly bank forms the perfect alliance for us.”