Money transfer services company RIA Envia has signed a correspondent agent agreement with Poland's Bank Pocztowy, which will see RIA's network in the eastern European country expand by almost 8,000 payout locations.
As a result of the agreement, Bank Pocztowy (Post Bank) will be able to offer its consumers the option to receive RIA money transfers from any of its nearly 8,000 locations across the country. These locations are a combination of bank branches and post offices. The expansion of RIA’s network will enable more beneficiaries to conveniently access a fast and reliable money transfer service in Poland.
Furthermore, RIA customers will be able to send money transfers directly to any bank account, or beneficiaries can opt for cash pick-up at any of Post Bank payout locations. Post Bank expects to begin distributing money transfers for RIA by August 2007.
The Polish economy has benefited significantly from the inflow of remittances in recent years. Our relationships with companies like RIA affirm our commitment to our customers to provide them the most reliable and convenient financial services. We look forward to enabling our customers to receive money sent to them from their loved ones abroad through the RIA network, said Stanislaw Zebrowski, chief specialist of the corporate department at Bank Pocztowy.