KOCHI:
Muthoot Finance Limited and Paul Merchants Limited today felicitated the winners of Ria Money Transfer gold contest at a grand event held in Kochi today. The contest was announced at the launch of the new ‘gold standard’ cash pay-out service by Ria Money Transfer offering winners the chance to win prizes in the form of 1 kilogram in pure gold. The prizes were divided into 30 gold coins weighing 30 grams each, and one bumper prize of 100 grams.
The gold contest which was launched in Mumbai on May 23 ran until July 31, for all Muthoot Finance customers who collected Ria remittances at authorized Muthoot Finance Limited locations.
The winners were felicitated with gold coins by George Alexander Muthoot, Managing Director Muthoot Finance Limited; Rajneesh Bansal, Executive Director, Paul Merchants Limited; and Emil Ruban Country Manager India, Ria Money Transfer.
George Alexander Muthoot, Managing Director, Muthoot Finance said, “At Muthoot Finance, customers are always a priority and we have always focused on serving them better. The festive season is usually the time of the year when families send money back home for their loved ones. Such contests help us connect better with our customers across the country and encourage more people to remit money.”
Juan C. Bianchi, CEO & President of Ria Money Transfer, said: “Congratulations to all the gold prize winners in India who received their Ria remittances through Paul Merchants Limited and Muthoot Finance. Through this partnership, we are realizing our objective to serve more people in rural, urban and semi-urban locations across India, providing more choice for customers to receive their cash remittances. We look forward to a continued, successful partnership.”
In May this year, Ria announced a partnership with Paul Merchants Limited. As an agent of Paul Merchants Limited, Muthoot Finance Limited – one of India’s most recognizable retail brands and the largest gold financing company in the world – is authorized to pay out cash remittances to Ria beneficiaries at their 4,300+ locations across India.

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