Paytm Payments Bank has partnered with Ria Money Transfer, the cross-border remittance business of Euronet Worldwide, to allow overseas users to send money directly into Paytm Wallets in India in real time.
The partnership makes Paytm the first platform in India to accept international remittances directly into a digital wallet, opening a new instant transfer route for the Indian diaspora sending money home.
Direct wallet transfers for KYC users
Under the arrangement, customers abroad can send money to fully KYC-compliant Paytm Wallet users through:
- the Ria Money Transfer app
- Ria’s website
- over 490,000 retail locations worldwide
Transfers are settled virtually instantly, with built-in validation and name-matching checks aimed at improving transaction security and reducing failed transfers.
The integration gives Ria access to Paytm’s approximately 333 million wallet users, significantly expanding its payout network in India.
Big boost for India remittance convenience
The move is particularly significant for NRIs and migrant workers who regularly send funds to families in India.
Instead of routing funds through conventional bank transfers, users can now directly credit money into Paytm Wallets, enabling immediate usage for:
- merchant payments
- bill payments
- mobile recharges
- wallet-based transfers
- everyday digital spending
The partnership strengthens wallet-based financial inclusion, especially for recipients who may not actively use traditional bank rails.
Ria expands wallet strategy in emerging markets
For Ria, the deal supports its broader push into mobile-wallet-based remittances across emerging economies.
The company said its network already supports more than:
- 3.6 billion bank accounts
- 410 million mobile and virtual accounts
The Paytm tie-up adds India’s large digital wallet ecosystem to that network, giving the remittance player deeper access to one of the world’s largest recipient markets.
