RIA Money Transfer Partners with Raiffeisen Hungary

Amidst ongoing geopolitical events and the evolving domestic economic landscape, the role and demand for support-based international money transfer services are becoming increasingly prominent. As a result of social movements, millions seek livelihoods in countries away from their homeland without severing their financial ties and connections. 

With the emergence of a growing temporary foreign labor force in Hungary, there's a significant increase in demand for such services. This is where RIA Money Transfer comes in: The globally renowned international money transfer service provider plays a pivotal role not only for individuals but also for qualified foreign labor recruitment companies or direct employers. As RBI Group, we want to reaffirm our dedication to social responsibility through various initiatives (for example like the Stepic CEE Charity), embedded within our corporate culture and partnerships. This is why we're thrilled to announce that RIA Money Transfer has chosen Raiffeisen Bank Hungary as its banking partner in Hungary.

Raiffeisen Bank Hungary has been providing high-quality financial services to institutional partners for over 30 years, both locally and across the CEE region as part of RBI Group. The selection of RIA Money Transfer further bolsters our efforts in meeting the high demands of fintech and institutional clients, showcasing our commitment to embracing new financial technologies. “The entry of RIA Money Transfer into the Hungarian market enriches the international support-oriented money transfer market with its rapid, secure, and reliable solutions,” confirms Zoltan Dudas, Country Manager at RIA Money Transfer. 

For over 30 years, RIA has been supporting families in meeting their fundamental financial needs. “As part of Euronet Worldwide (NASDAQ: EEFT), a leading international money transmitter, RIA has shown dynamic growth over the past 15 years,” explains Zoltan Dudas, “We offer a wide range of services tailored to local environments, including reliable banking connections and integration with mobile wallets. RIA is represented in more than 180 countries through commercial networks, with more than half a million service locations.”

“We are proud to collaborate with RBI Group, as the delivery of services in line with the established high standard is paramount for RIA,” Zoltan Dudas sums up, “The bank's regional business experience coupled with RIA's global position provides assurance for a stable and reliable partnership. The service launched in Hungary last year, and we are convinced that further mutually beneficial business developments could follow in the region, potentially expanding into other countries.”