Robert Kotei (left) and Dr John Kweku Asamoah in a handshake after the signing ceremony
The National Investment Bank (NIB) recently added RIA Money Transfer to its array of international money transfer services which allow numerous customers unlimited access to remittances across the globe.
RIA, the world’s third largest money transfer company with over 324,000 network locations in 146 countries brings to customers of the bank much faster, more secure and highly reliable access to transfers from loved ones around the world.
Speaking at the launch, Managing Director/Chief Executive Officer of NIB, Dr John Kweku Asamoah, said the partnership between the two institutions would bring enormous benefits to the millions of customers.
“RIA is a key player in an industry that moves more than $575 billion each year. Money Transfer Services, as you would agree, has for many years served as one of the quickest, safest and most convenient mode of cash transfer from abroad,” he noted.
2016 records showed that remittances sent home by international migrants from developing countries that year reached over $429 billion. This figure is expected to reach about $459 billion by the end of 2018.
Dr Asamoah said he was confident “the partnership will to a large extent help the bank achieve at least one of its core values, Customer Service Excellence, as it will enable the clients have almost-instant access to their remittances. Many of our customers rely on transfers from spouses, parents, guardians, siblings, among others, to make a living, hence reliable service in transfers is crucial in every way for such customers.”
Operations Director of RIA for Africa, Robert Kotei, said RIA Money Transfer was excited about the expansion of NIB’s branch network, a key variable that drove remittance flows.
He said his outfit was now well positioned to offer customers excellent remittance payment services, following the recent harmonization of prices and the expansion of the NIB branch network.
He reiterated RIA’s commitment to working with NIB “to ensure that this partnership continues to make our esteemed customers happy while bringing good contributions to the bottomline of both institutions.”
Mr Kotei urged NIB customers to “take advantage of the convenience of sending funds directly to your accounts, as RIA Money Transfer makes this happen fast, secure and economical.