Ria Money Transfer furthers its expansion in Mexico with OXXO
Customers will now be able to have cash pick-up services at any of OXXO’s 19,000 stores in Mexico.
Ria Money Transfer and Latin American convenience store chain OXXO have announced a partnership. The agreement enables customers from all over Mexico to receive money through Ria’s network of approximately 402,000 locations in more than 150 countries, at any OXXO location.
Customers in Mexico will be able to receive up to $100 USD per transaction and withdraw in cash up to $2,500 Mexican pesos at any of OXXO’s 19,000 stores in the country. This service is available from 6 am to 10 pm every day of the year.
“At OXXO, we seek to innovate our financial services to meet our customers’ needs, and we aim to simplify their lives by executing their day-to-day transactions in one place,” said Santiago Rivera, Director of Financial and Electronic Services at OXXO. “Thanks to our alliance with Ria, we are strengthening our service network by offering more money transfer options, thus contributing to the economic and social development of Mexico.”
According to the World Bank, Mexico has the third highest number of inbound remittances of any country in the world after India and China respectively. The UN established that the average cost of remittance services globally should be lowered to 3% by 2030.
