By W.H.A.| SpeedyPay.info
I received a message today from a woman named Amy, wanting to know where she could pick up a Ria Money Transfer in Singapore.
To give a little background info, RIA Financial Services claims to be the world’s third-largest global money transfer company. Founded in 1987 in New York City with the goal of serving the Eastern seaboard of the United States, the company now serves 134 countries. In 2007 RIA was acquired by Euronet Worldwide, headquartered in Leawood, Kansas, USA.
RIA describes themselves as “the most progressive money transfer company that offers the most competitive and reliable remittance payment services to the general public.”
RIA’s locations are not as easy to find as Western Union or MoneyGram, but if you’re in any large or even medium-sized American city, you can probably find an agent. I’m located in Fresno, California, a city of about half a million. Looking at RIA’s website I see they have a location here at the Fulton Mall, which is kind of a run-down mall downtown.
However, there are some problems. First of all, Ria’s website does not list their rates. You have to call an agent to find out the money transfer fee. Second, there have been some complaints that the fees are higher than the industry average. Third, Ria seems to focus mostly on sending money to Latin America.
Back to Amy’s question. Bottom line: I could not find the payout location in Singapore, sorry.
Not for lack of trying. I tried Ria’s online agency locator, and it’s not working – ugh! So I called the company and spoke to an agent. The agent spoke very poor English (Spanish was her native language). Maybe I should have been warned by the fact that when you call Ria, Spanish is the default language of their automated customer service system. You press 2 for English.
Anyway, after some repetition I gathered that the payout location in Singapore is Ary Forex Limited. But the customer service agent couldn’t give me an address or phone number. I tried looking it up and found that Ary Forex is now called Speed Remit Worldwide Limited. However, I could find nothing useful on Speed Remit’s website – http://www.speedremit.com/.
So in conclusion I do not recommend using Ria Money Transfer. Amy, I hope that the money has not already been sent. MoneyGram would be a better choice.