Ria is crowned Walmart’s Supplier of the Year


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Ria is crowned Walmart’s Supplier of the Year

Walmart, the world’s biggest retailer, has named Ria Financial its Supplier of the Year for 2013-2014. The Walmart Supplier Summit, held in Bentonville, Arkansas on June 23, 2014, also saw Ria scoop the top prize in the Price category.

Ria bested other big-name suppliers on the day, receiving a total of four nominations out of seven categories including Price, Product, People and Customer Service. The event was attended by Jessica Yee, Ria’s VP of Retail Program Management, and Zoltan Dudas, Retail Program Project Manager.

This April, Walmart and Ria initiated a retail industry first – Walmart-2-Walmart Money Transfer Service. The new low-cost service allows customers to transfer money to and from more than 4,000 Walmart stores nationwide for up to 50% less than similar offerings on the market.

The two awards are a testament to all the hard work that went into the Walmart-2-Walmart Money Transfer project, resulting in a successful implementation and launch.

Walmart Trophy

On left, Jessica Yee, Ria’s VP of Retail Program Management holds the Supplier of the Year trophy. She is pictured alongside Walmart employees.

“Walmart-2-Walmart is a great example of how Walmart continues to partner with world-class providers to offer customers financial products and services that provide clear benefits and help them save money,” said Daniel Eckert, Senior Vice President of Services for Walmart U.S. “The entrance of Walmart-to-Walmart into the money transfer market is good for our customers and good for business.”

Walmart-2-Walmart leverages the retailer’s existing footprint and technology, and is powered by Ria. Ria is the licensed money transfer operator for all Walmart-2-Walmart transactions, and Walmart acts as Ria’s authorised agent.

“We believe the combination of Walmart’s existing footprint, with Ria’s high-quality service, and our shared focus on the customer is what makes Walmart-2-Walmart a true differentiator that stands apart from other services on the market,” said Juan Bianchi, Chief Executive Officer of Ria Money Transfer. “Walmart-2-Walmart isn’t just another money transfer service. It provides customers the best value with the speed and security they expect.”

Ria celebrates this tremendous win with Walmart and will continue to innovate and grow its network worldwide. New low-cost ways to transfer money through different channels, reaching those who need it most, are being realised. Ria’s partnership with Walmart is just the beginning.