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How do international remittances, or cross-border money transfers, help promote financial inclusion? Improve your financial literacy by learning about budgeting and saving, personal finance.    

Learn how to send money using Ria Money Transfer, new services we offer, our omnichannel services, tips for sending money and the expansion of our network.    

Learn how international migration trends affect remittances and the impact remittances have on the individuals and communities around the world who receive them.     

Videos that feature Ria customers explaining in their own words how their experience of migration has impacted themselves, their families and their communities.     

Learn about different cultures around the world, how people celebrate, what it is like to live abroad and great travel destinations.     

What's new in cross-border payments, tech and finance? Learn about new payments methods like mobile wallets, the importance of the omnichannel experience and workplace trends.

What is Ria doing for the community? What does CSR, corporate social responsibility, mean? What's new in sponsorships at Ria?    

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<p>In the last decade, there has been a surge of applications and services that enable people to store, send, and receive money without needing a traditional bank account.</p>



<p>Digital financial services such as <a href="https://www.riamoneytransfer.com/en/blog/what-is-mobile-wallet/"><strong>mobile wallets</strong></a> have emerged as an accessible option for millions of unbanked people.</p>



<p>These alternatives have become the first point of access to financial services for those who were previously prevented from using traditional banking services due to prevailing structural, geographical, and administrative barriers.</p>



<p>Much like <a href="https://www.riamoneytransfer.com/en/blog/how-to-send-remittances/">remittances</a>, mobile wallets have been fuelling financial inclusion in low- and middle-income countries. Together, these two have been spreading hope for a brighter future across all corners of the globe.</p>



<p>In this post, we dive into the benefits of the digitalization of financial services and how tools like mobile wallets are helping remittances reach more people than ever, improving countless peoples’ quality of life throughout the world.</p>



<h3 class="wp-block-heading">Key Takeaways</h3>



<p>▪ <em>Mobile wallets are a major gateway to financial inclusion</em><br>▪ <em>Cash–digital hybrid models build trust</em><br>▪ <em>Remittances can accelerate digital financial usage</em><br>▪ <em>Interoperability expands real-world impact</em><br>▪ <em>Trusted providers help connect global and local ecosystems</em></p>



<h2 class="wp-block-heading">What Is Financial Inclusion—and Why It Matters</h2>



<p><a href="https://www.riamoneytransfer.com/en/blog/financial-inclusion-digital-financial-services/"><strong>Financial inclusion</strong></a> refers to the efforts and initiatives that aim to provide unbanked populations access to appropriate, affordable, and timely financial services.</p>



<p>Currently, the world is still far from achieving financial equality. In fact, the World Bank estimates that there are currently about <strong>1.4 billion</strong> <a href="https://www.riamoneytransfer.com/en/blog/how-to-send-money-without-a-bank-account/">unbanked people</a>, mostly in low- and middle-income economies. In some countries, like Niger, the rate of financial account ownership is as low as 15%.</p>



<p>There are several reasons explaining this disparity:</p>



<h3 class="wp-block-heading">Affordability constraints</h3>



<p>Banks that require customers to maintain a minimum required balance or charge maintenance fees make it impossible for people with low or irregular income to open an account.</p>



<h3 class="wp-block-heading">Administrative obstacles</h3>



<p>Requirements like <a href="https://www.riamoneytransfer.com/en/blog/what-documents-you-need-to-verify-your-identity-with-ria/">providing an official ID</a>, proof of address, or formal employment records exclude potential customers who cannot provide these documents.</p>



<h3 class="wp-block-heading">Geographic and infrastructure barriers</h3>



<p>Lack of infrastructure such as bank branches and ATMs in rural or remote areas prevents residents from accessing financial services.</p>



<h3 class="wp-block-heading">Financial literacy gap</h3>



<p>Limited <a href="https://www.riamoneytransfer.com/en/blog/how-to-use-financial-literacy-in-everyday-life/">understanding of how financial products work</a> and the benefits of formal banking can lead to the avoidance of these services.</p>



<p>These barriers force unbanked populations to rely on informal alternative systems such as cash-based economies or using someone else’s bank account. But this can put them at a heavy disadvantage.</p>



<p>The inability to manage risk through savings or loans makes people outside the system less resilient and<strong> more vulnerable to crises and disasters</strong>. It also excludes them from the formal economy, for example limiting their opportunities to start their own business or invest.</p>



<p>However, there is a glimmer of hope, as inclusion rates have been growing exponentially lately. And this boost has been linked to one emerging trend: <a href="https://www.riamoneytransfer.com/en/blog/fintech-impact-banks-banking-industry/">the digitalization of financial services</a>.</p>



<h2 class="wp-block-heading">Why Mobile Wallets Took Off in Emerging Markets</h2>



<p>With smartphone use and ownership skyrocketing, it was only a matter of time before financial tools were incorporated into these devices.</p>



<p>In the last decade, worldwide use of mobile money services has gone up from just 2% to 15%, according to the World Bank. In low- and middle-income countries, where the rate of unbanked individuals is often higher, an interesting figure emerges: <a href="https://www.riamoneytransfer.com/en/blog/mobile-wallets-in-sub-saharan-africa/">the percentage of digital wallet use is above the global average</a>, at 18%.</p>



<p>While bank account penetration remains low in emerging markets, mobile wallets are becoming increasingly popular. Not just because they’re more convenient, but because they are much more accessible.</p>



<p>Many of these apps<strong> bypass the most common obstacles</strong> to opening bank accounts such as affordability, as well as administrative and geographic constraints, while still being perfectly <a href="https://www.riamoneytransfer.com/en/blog/top-security-features-of-a-digital-wallet/">secure</a>. Between compliance regulations, encryption, fraud monitoring, and enhanced login, they offer a safe, <a href="https://www.riamoneytransfer.com/en/blog/digital-wallet-vs-bank-account-whats-the-difference/">cost-effective, fast, and simple</a> alternative to traditional financial services.</p>



<h2 class="wp-block-heading">What This Means for the Future of Financial Inclusion</h2>



<p>The widespread adoption of mobile wallets is a meaningful step towards inclusion and broader equality. Indeed, the <a href="https://www.worldbank.org/ext/en/topic/financial-sector/financial-inclusion">World Bank</a> has found that financial services are crucial in the fight to <strong>reduce </strong><a href="https://www.riamoneytransfer.com/en/blog/5-inventions-fighting-poverty-globally/"><strong>poverty</strong></a> and <strong>foster economic </strong><a href="https://www.riamoneytransfer.com/en/blog/migration-ripple-effect-brain-gain-growth-progress-innovation/"><strong>growth</strong></a>.</p>



<p>Although there are still hurdles, such as the <a href="https://www.riamoneytransfer.com/en/blog/computer-room-csr-education-project-bargny-senegal/">digital literacy gap</a> or low-connectivity areas, they are helping millions of previously unbanked people to finally access insurance, obtain credit, as well as store, send, and <a href="https://www.riamoneytransfer.com/en/blog/how-do-i-receive-money-internationally-without-a-bank/">receive money</a>.</p>



<p>Beyond access to basic services, they promote real inclusion by increasing formal savings, improving financial management, and empowering users to participate in the formal economy.</p>



<p>This is also the case of remittances—the <a href="https://www.riamoneytransfer.com/en/blog/how-to-build-a-monthly-money-sending-routine/">money sent back home by migrant workers</a>. These funds are a lifeline that covers households’ <a href="https://www.riamoneytransfer.com/en/blog/the-back-home-budget-what-remittances-support-first/">basic needs</a> but can also help build security through <a href="https://www.riamoneytransfer.com/en/blog/remittances-boost-education/">education</a>, <a href="https://www.riamoneytransfer.com/en/blog/financial-literacy-investing-compound-interest-explained/">investments</a>, entrepreneurship, and more.</p>



<p>By enabling remittances to be received through mobile wallets, these tools are opening paths for a better tomorrow.</p>



<h2 class="wp-block-heading">The Power of Combining Mobile Wallets and Remittances</h2>



<p>Like mobile wallets, remittances are an <strong>inclusion lever</strong>, often acting as a household’s first entry point into formal finance. Moreover, their users often overlap.</p>



<p>That is why many wallet apps have expanded their offering to include international money transfer services, often <a href="https://www.riamoneytransfer.com/en/blog/peru-migration-mobile-wallets-financial-inclusion/">partnering with trusted cross-border payment providers</a>.</p>



<p>Digital wallet payouts allow money transfers to be <strong>less costly</strong>, <strong>faster</strong>, and <strong>more convenient</strong>. Since the money goes directly into a wallet account, it makes it easier for the recipient to store, budget, and redistribute the funds.</p>



<p>The <strong>interoperability </strong>of these tools is what enables a broader geographic and demographic coverage, allowing these services to reach further than ever before.</p>



<h2 class="wp-block-heading">Connecting the Dots: Mobile Wallets, Remittances, and Inclusion</h2>



<p>Ultimately, digital wallets are powering financial inclusion around the globe, particularly in emerging markets by removing the many hurdles that have long kept people out.</p>



<p>Mobile money services have made everyday financial needs, like remittances, easier to fulfil. Trusted global money transfer providers are incorporating these new technologies to be able to reach more people.</p>



<p>At Ria, we are committed to service accessibility, which is why we continue to offer and <strong>omnichannel experience. </strong><a href="https://www.riamoneytransfer.com/en/blog/ria-money-transfer-guide-for-first-time-users/">We cater to diverse needs</a>, whether customers wish to receive their funds via <a href="https://www.riamoneytransfer.com/en/blog/bank-transfers-how-to-get-the-most-out-of-your-bank-deposit">bank deposit</a>, in their mobile wallets, or in cash.</p>



<p>We connect loved ones through our extensive network that reaches <strong>651K </strong>cash payout locations, <strong>3.7B</strong> wallets users, <strong>4.1B</strong> bank accounts, and <strong>218K</strong> cardholders across <strong>200 </strong>countries and territories. You’ll find us at every corner, because we know how important it is to be able to send money fast and conveniently to your loved ones.</p>



<p><strong>If you need to send money to your loved ones back home, Ria is here to provide seamless and secure services.</strong> <strong>Visit our </strong><a href="https://www.riamoneytransfer.com/en-us/"><strong>website</strong></a><strong>, find a </strong><a href="https://www.riamoneytransfer.com/en-us/locations/"><strong>location</strong></a><strong> close to you, or download our </strong><a href="https://riamoneytransfer.app.link/uKSGRe2Ev3b"><strong>app</strong></a><strong> to get started.</strong></p>



<h2 class="wp-block-heading">FAQs</h2>



<div class="schema-faq wp-block-yoast-faq-block"><div class="schema-faq-section" id="faq-question-1780410521060"><strong class="schema-faq-question"><strong>What is financial inclusion?</strong></strong> <p class="schema-faq-answer">Financial inclusion means people and businesses can access affordable, useful financial services (payments, transfers, storage) safely.</p> </div> <div class="schema-faq-section" id="faq-question-1780410534592"><strong class="schema-faq-question"><strong>How do mobile wallets help the unbanked?</strong></strong> <p class="schema-faq-answer">They let users store money, receive funds, and make payments without needing a traditional bank account, thus playing an important role in financial inclusion.</p> </div> <div class="schema-faq-section" id="faq-question-1780410549285"><strong class="schema-faq-question"><strong>Why are mobile wallets important in emerging markets?</strong></strong> <p class="schema-faq-answer">They fit mobile-first realities and solve problems banks often can’t—distance, documentation barriers, and high friction.</p> </div> <div class="schema-faq-section" id="faq-question-1780410565522"><strong class="schema-faq-question"><strong>Can you receive international money transfers through mobile wallets?</strong></strong> <p class="schema-faq-answer">In many markets, yes—mobile wallets can be an option for cross-border transfers depending on availability and corridor.</p> </div> <div class="schema-faq-section" id="faq-question-1780410583082"><strong class="schema-faq-question"><strong>Are mobile wallets safe for sending and receiving money?</strong></strong> <p class="schema-faq-answer">They can be, especially when users choose reputable providers and follow basic security steps like verification and safe PIN practices.</p> </div> <div class="schema-faq-section" id="faq-question-1780410598175"><strong class="schema-faq-question"><strong>What’s the difference between a mobile wallet and a bank account?</strong></strong> <p class="schema-faq-answer">Wallets are typically easier to open and mobile-first; bank accounts often require more documentation and may depend on branch infrastructure.</p> </div> <div class="schema-faq-section" id="faq-question-1780410614017"><strong class="schema-faq-question"><strong>How do remittances contribute to financial inclusion?</strong></strong> <p class="schema-faq-answer">Remittances often introduce households to formal money movement and can encourage saving, budgeting, and digital spending tools.</p> </div> <div class="schema-faq-section" id="faq-question-1780410629569"><strong class="schema-faq-question"><strong>Do mobile wallets work in rural areas?</strong></strong> <p class="schema-faq-answer">Often, yes—especially where agent networks and cash-in/cash-out models support access beyond major cities.</p> </div> </div>


A woman in a black shirt smiles while holding a phone. A glowing digital wallet icon with a coin appears near her hand, suggesting online payments or digital transactions. Shelves with products are visible in the background.

How Mobile Wallets Are Expanding Financial Inclusion in Emerging Markets


<p>Credit cards and debit cards have been commonplace since the 1960s, with the extra convenience and security making them the go-to option over lugging around too much cash. However, the next evolution in payment solutions is already well underway as digital wallets become increasingly accepted by consumers and businesses.<br><br>Instead of searching through your wallet for the right card when paying for goods and services, a digital wallet means you can simply tap your smartphone on the terminal and get on with your day. Featuring electronic versions of your usual banking cards, hassle-free digital wallets are also great for shopping online, as you can effortlessly make payments with a few clicks.<br><br>Exploring digital wallets for the first time might seem daunting, but these easy-to-use products are sure to make your life easier. Rather than keeping track of physical cards all the time, just using your digitally stored information to make international payments delivers a fast and seamless experience that soon becomes second nature.</p>



<h2 class="wp-block-heading">What Is a Digital Wallet?</h2>



<p><br>Just as the name suggests, a digital wallet is a safe virtual app for keeping your debit card and credit card information. You can access your everyday cards on smartphones and wearable devices like smartwatches and fitness trackers. When you need to pay, just tap your device wherever contactless payments are accepted. <br><br>Digital wallets have been around for a few years now, with the most popular apps — like Apple Pay and Google Pay — featuring even more services. Today, you can use your digital wallet to store public transport cards, making paying for train or bus tickets more convenient. You can also store virtual loyalty cards and even concert tickets, so you’ll never lose them again.<br><br>While you shouldn’t let your guard down, digital wallets also offer <a href="https://www.riamoneytransfer.com/en/blog/top-security-features-of-a-digital-wallet/">outstanding security</a> for your banking information.You must use biometric authentication, such as fingerprint scanning and facial recognition, to make payments, and some experts consider this approach more secure than using a standard banking card PIN.</p>



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1230" height="768" src="https://riablog.wpengine.com/wp-content/uploads/2024/10/Digital-Wallet-IMG-5.jpg" alt="A person with glasses and a beard, wearing a red beanie and a white shirt, is lying on a sofa. They're smiling at their smartphone, possibly exploring how to use a digital wallet, surrounded by blue cushions." class="wp-image-49115" srcset="https://riablog.wpengine.com/wp-content/uploads/2024/10/Digital-Wallet-IMG-5.jpg 1230w, https://riablog.wpengine.com/wp-content/uploads/2024/10/Digital-Wallet-IMG-5-768x480.jpg 768w" sizes="auto, (max-width: 1230px) 100vw, 1230px" /></figure>



<h2 class="wp-block-heading"><br>Advantages of Digital Wallets for International Transfers</h2>



<p><br>Looking for a fast, secure, and convenient way to send money overseas? Not only do digital wallets have all the benefits of traditional payment solutions, but they also include many more. Below, we explore some of the major advantages of using digital wallets for international payments.</p>



<h3 class="wp-block-heading">Benefit From Convenience</h3>



<p>Now that much of our daily life revolves around our smartphones, having a way to use them for secure international payments makes perfect sense. Rather than needing to keep track of physical cards that are so easy to lose, storing your banking information in the digital realm means you can always access it when needed.<br><br>Whether you’re shopping in the store, online, or transferring funds overseas, you don’t need to hunt through your wallet to make a payment. Instead, all your details are where you need them, turning tedious transactions into an effortless experience. If you love to keep things simple, creating a digital wallet is a great way to streamline how you pay.</p>



<h3 class="wp-block-heading">Increase Security</h3>



<p>Security should always remain a top priority when it involves private banking information. Fortunately, digital wallets offer the same, if not greater, security than traditional banking solutions. Although each digital wallet handles security in its own way, most scan biometric information before enabling payment.<br><br>This way, if your smartphone with your digital wallet gets lost or stolen, your information should remain protected. Like credit cards, digital wallets use tokenization to encrypt banking information. If a merchant you’ve used gets hacked, your information should remain secure. Less time spent carrying bank cards also means there’s less chance they fall into the wrong hands.</p>



<h3 class="wp-block-heading">Reduce Costs</h3>



<p>International transaction fees and foreign currency conversion costs are some of the biggest issues when sending money around the globe. Digital wallets that handle multiple currencies make it possible to reduce your costs and ensure both senders and receivers get more value for their money.<br><br>Don’t underestimate the cost of sending money abroad. International fees are just the beginning, with annual credit card fees, markups on foreign exchange rates, and merchant fees making a potentially small payment much more expensive. With the cost of using Ria as low as $2.89, the savings can be significant.</p>



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1230" height="768" src="https://riablog.wpengine.com/wp-content/uploads/2024/10/Digital-Wallet-IMG-4-copy.jpg" alt="A happy couple stands on a bridge at sunset, capturing memories with their smartphone. The man, in an orange shirt, and the woman in red share a smile as they lean into each other. As the river softly flows behind them, they're reminded of modern conveniences." class="wp-image-49112" srcset="https://riablog.wpengine.com/wp-content/uploads/2024/10/Digital-Wallet-IMG-4-copy.jpg 1230w, https://riablog.wpengine.com/wp-content/uploads/2024/10/Digital-Wallet-IMG-4-copy-768x480.jpg 768w" sizes="auto, (max-width: 1230px) 100vw, 1230px" /></figure>



<h3 class="wp-block-heading"><br>Make Faster Payments</h3>



<p>Digital wallets are a handy way to speed up your purchases. When it’s time to pay for groceries, rummaging through your wallet to find the right card while others are waiting in the queue is a painful experience. Instead, you can grab your smartphone, tap and the payment will go through almost instantly.&nbsp;<br><br>It’s similarly fast to shop online, with your virtually stored banking information meaning you can complete the checkout process in just a few seconds. If you’re visiting a Ria location to send money abroad or purchase items in-store, you can quickly scan the QR code on your app to make payment without delay.</p>



<h3 class="wp-block-heading">Track Real-Time Information</h3>



<p>Digital wallets are a great way to stay on top of your spending. With credit cards and debit cards stored on your device, you&#8217;ll also have a history of contactless transactions you&#8217;ve made using your device, adding another layer of convenience. </p>



<h2 class="wp-block-heading">How to Use Ria eWallet to Send International Transfers</h2>



<p>Ready to explore Ria eWallet? Currently available to Malaysian users — and soon to expand to other regions — the app makes sending international transfers to virtually every corner of the globe a breeze. Here’s a quick <a href="https://www.riamoneytransfer.com/en-my/ria-ewallet-guide/">step-by-step guide</a> to everything you need to know.</p>



<h3 class="wp-block-heading">Register Your Account</h3>



<ol class="wp-block-list">
<li>Download the Ria Money Transfer app from the App Store or Google Play, depending on your device.</li>



<li>Login to your account from the Ria app and tap on “eWallet”.</li>



<li>Tap on “Activate your eWallet” and create your 6-digit wallet PIN.</li>



<li>Your Ria eWallet is ready for use!</li>
</ol>



<h3 class="wp-block-heading">Add Funds</h3>



<ol class="wp-block-list">
<li>Find your nearest store using our <a href="https://app.riamoneytransfer.com/en-my/locations">Store Locator</a> tool.</li>



<li>Request to make a cash deposit and confirm the amount.</li>



<li>Hand over cash to the merchant.</li>



<li>Once the money is deposited, your eWallet balance will instantly update.</li>
</ol>



<p>You can also use <a href="https://help.riamoneytransfer.com/hc/en-us/articles/6887602879889-Ria-s-eWallet-for-customers-in-Malaysia">JomPAY to deposit money</a> into your account via online banking or an ATM. Use the biller code 723528 and your mobile number as the reference.</p>



<h3 class="wp-block-heading">Transfer funds</h3>



<ol class="wp-block-list">
<li>Choose Ria eWallet as your payment method.</li>



<li>Select the contact you want to send money to or enter their phone number.</li>



<li>Enter the amount you&#8217;re sending and the reason for the money transfer.</li>



<li>Enter your six-digit PIN.</li>



<li>Click Send to confirm the money transfer.</li>
</ol>



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1230" height="768" src="https://riablog.wpengine.com/wp-content/uploads/2024/10/Digital-Wallet-IMG-2-copy.jpg" alt="A woman with curly hair wearing an orange sweater smiles while looking at her phone, exploring how to use a digital wallet. She stands on a bustling street lined with trees, as people walk by in the background." class="wp-image-49106" srcset="https://riablog.wpengine.com/wp-content/uploads/2024/10/Digital-Wallet-IMG-2-copy.jpg 1230w, https://riablog.wpengine.com/wp-content/uploads/2024/10/Digital-Wallet-IMG-2-copy-768x480.jpg 768w" sizes="auto, (max-width: 1230px) 100vw, 1230px" /></figure>



<h2 class="wp-block-heading"><br>Why Use Ria eWallet for International Money Transfers</h2>



<p><br>Take your international money transfers digital with Ria eWallet. Fast and secure, it makes transferring funds to loved ones overseas simple. Thanks to our easy-to-understand costs, global reach, top-notch security, and user-friendly apps, you’ll never struggle to get your money abroad again. These are just some of the best reasons to choose Ria Money Transfer for your digital wallet needs.</p>



<h3 class="wp-block-heading">Straightforward Fees</h3>



<p>If you don’t send money overseas often, you might be surprised to learn about the additional costs involved. Worst of all, these fees are often hidden from consumers, meaning you’ll get a nasty shock when it comes time to pay. Ria offers a great alternative because we keep our fees low and transparent.&nbsp;<br><br>Whether you’re using your Ria eWallet, a credit card, or a debit card to fund your transfer, our costs always remain clear. Meanwhile, our easy-to-use currency converter calculator makes it hassle-free to see the exchange rate we offer between your home country and the destination. Ria is now trusted for international transfers by over 100 million customers. </p>



<h3 class="wp-block-heading">Rapid and Worldwide</h3>



<p>Our world is now all about convenience, and your digital wallet shouldn’t be any different. Whether you deposit cash into your Ria eWallet or use Ria to deposit into another mobile wallet, the balance in your account will instantly update, ensuring you get your money where it’s needed fast. Similarly, you can instantly pay for items without fees using the app at Ria QR-enabled stores. <br><br>Knowing you have a simple way to send funds to loved ones around the globe is also a huge weight off your mind. Ria Money Transfer makes it possible to send money to over 190 countries and territories. Plus, we have 500,000 pickup locations worldwide, ensuring your friends and family can easily access funds.</p>



<h3 class="wp-block-heading">Transfer from Anywhere</h3>



<p>Just as you don’t need to carry your credit cards everywhere when you have a smartphone and a digital wallet, you shouldn’t have to wait in line to start an international transfer. Ria eWallet is easily accessible on the go via our <a href="https://www.riamoneytransfer.com/en/blog/ria-money-transfer-app/">Android and iOS apps</a>, ensuring you can start a transfer when required.<br><br>The Ria app has all the same bells and whistles as when you start a transfer in-store or online, with detailed information about exchange rates, applicable fees, and transaction information. With just a few clicks through the app, you can have your money on its way to friends, family, and businesses based overseas.</p>



<h3 class="wp-block-heading">Strong Security</h3>



<p>Using a digital wallet like Ria eWallet won’t compromise your banking security. Such apps must follow strict local and international regulations regarding their <a href="https://www.riamoneytransfer.com/en-us/security/">security protocols</a>, plus most smartphones now include fingerprint sensors, facial recognition, and PINs to prevent unauthorized access.<br><br>Ria takes things a step further as we never store data such as credit card information on our servers. Plus, we conduct thorough identification verification processes when cash is requested in person. Supported by our dedicated security team, we work tirelessly to protect our customers from fraudulent activity.</p>



<h2 class="wp-block-heading">Make International Payments With Ria Today</h2>



<p><a href="https://riamoneytransfer.com/">Ria Money Transfer</a> makes it easy for customers to send money overseas, with Ria eWallet offering a fast, secure, and convenient service that maximizes how you control your money. With our network featuring over 190 countries and territories, sending money to loved ones abroad is effortless.<br><br>Alongside Ria eWallet, our everyday services also give customers outstanding delivery options, ranging from bank deposits to cash pickups at over 500,000 locations around the globe. Supported by our crystal-clear fees and top-notch security, trust Ria Money Transfer for your international transfer needs.</p>



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1230" height="768" src="https://riablog.wpengine.com/wp-content/uploads/2024/10/Digital-Wallet-IMG-3.jpg" alt="A person in a gray blazer and teal shirt is smiling down at their smartphone, while standing outdoors in front of a modern building with brick walls." class="wp-image-49109" srcset="https://riablog.wpengine.com/wp-content/uploads/2024/10/Digital-Wallet-IMG-3.jpg 1230w, https://riablog.wpengine.com/wp-content/uploads/2024/10/Digital-Wallet-IMG-3-768x480.jpg 768w" sizes="auto, (max-width: 1230px) 100vw, 1230px" /></figure>



<h2 class="wp-block-heading"><br>Digital Wallet FAQ</h2>



<h3 class="wp-block-heading"><br>Which digital wallet is best for international transactions?</h3>



<p>The best digital wallet for international transfers depends on your specific needs. Apple Pay, Google Pay, and Samsung Pay making sending money abroad fast and secure. Ria eWallet is another compelling option (currently for customers in Malaysia), featuring low fees, rapid transfer speeds, and robust security for transfers to more than 190 countries and territories.</p>



<h3 class="wp-block-heading">Are digital wallets safe?</h3>



<p>While you should always be mindful of every financial service, the leading digital wallets are renowned for their extensive security methods. Protected by technology like tokenization, fingerprint scanners, facial recognition, PINs, and two-factor authentication, your private banking information is safe on your smartphone.</p>



<h3 class="wp-block-heading">Can you use a digital wallet anywhere?</h3>



<p>Digital wallets like Apple Pay and Google Pay are available wherever contactless payments are accepted. With Ria eWallet, we offer a network of QR-enabled stores where you can scan the code on your smartphone to pay for items with no fees attached.</p>


A person with curly hair in an orange sweater is smiling while looking at a smartphone, possibly exploring how to use a digital wallet. They sit on a sofa with green cushions in a plant-filled room, as sunlight filters through the window.

How to Use a Digital Wallet for International Payments


<p>Across the globe, small businesses play an essential role in spurring economic activity, often offering consumers vital services in their local vicinities. Be they newsagents, grocery stores or internet cafes, these enterprises also shape our communities by employing local residents and establishing a deep connection with their customer base.</p>



<p>This close proximity with the public provides small businesses with some key advantages. As the owner, you have the creative freedom to innovate and adapt your offering to better meet your customers’ needs and enhance your earnings.</p>



<p>With that in mind, let’s explore some curious ideas that could boost your income, while at the same time, allowing you to keep your core focus on your small business.</p>



<h2 class="wp-block-heading">1. Rent out unused space</h2>



<p>One of the biggest advantages of <a href="https://www.riamoneytransfer.com/en/blog/how-to-start-a-business/">being a small business owner</a> is the fact you have your own entity and are likely able to manage your retail space. <strong>If you have any unused storage space, vehicles or parking slots, consider renting them to other businesses in the area</strong>. Even if you use every inch of your premises, purchasing and then renting storage units can also translate into a steady stream of passive income. Unlike other real estate, these units have low operational costs and require very little maintenance. Before taking this step, be sure to analyze the local area. Typically, neighborhoods with a high apartment ratio tend to have a much higher demand for storage units.</p>



<h2 class="wp-block-heading">2. Become a money transfer agent</h2>



<p>With more people living outside their native countries than ever before, the need to send funds and support families and communities from abroad is steadily growing. In this sense, <strong>becoming a money transfer agent</strong> would not only boost your income but also provide a valuable service to migrants in your local area.</p>



<p>Becoming an authorized agent doesn’t require financial investment or lots of preparation. At Ria, we provide first-class training to ensure that all our agents are fully equipped to perform international transactions as well as offering continued support, including multilingual assistance. Additionally, Ria will actively promote and advertise the service on your behalf, helping you attract more customers.</p>



<p>Once you’ve established yourself as a money transfer agent, we recommend you <strong><a href="https://riamoneytransfer-web.app.link/e/j5zjkduphLb">use our custom-built Monthly Earnings spreadsheet</a></strong> to keep track of not only your commission fees but also your expenses and other sources of income.</p>



<h2 class="wp-block-heading">3. Invest in laundromats and vending machines<strong></strong></h2>



<p>Another popular source of passive income is <strong>placing laundromats in your store</strong>. Given the fact we always need clean clothes, these self-service facilities can provide you with year-round income. Better still, washing garments is not a quick process. While waiting, customers have time to browse and potentially purchase other products in your store. For this reason, contemplate <strong>adding vending machines</strong> to offer these consumers coffee as well as other snacks.</p>



<h2 class="wp-block-heading">4. Become a drop-shipping point</h2>



<p>Alternatively, if you have no excess space to utilize, you could <strong>develop a dropshipping business</strong>. Importantly, dropshipping doesn’t involve keeping any products at your business location. Instead, the role of the small business owner is to highlight products, either online or in their store, and then place orders with the supplier depending on demand. Upon receiving an order, the supplier will then ship the product directly to the customer.</p>



<p>This process, in effect, removes many of the challenges that typically come with running a small commercial enterprise, allowing you to expand your product range without large-scale investment. If you have a strong relationship with your customers and a good understanding of their needs, then dropshipping could become a reliable source of passive income.</p>



<p>However, before setting up, be sure to choose your suppliers carefully. As the seller, you will need to provide ongoing customer support, including organizing any refunds or product returns as well as resolving any supply chain issues directly with the wholesaler.</p>



<h2 class="wp-block-heading">5. Take on side projects</h2>



<p>With millions of companies adopting digital platforms during the Covid-19 pandemic, there is currently a huge global demand for skilled freelance workers. While strictly speaking not a passive source of income, <strong>freelance projects can help you harness your creative skills and earn additional funds</strong>, particularly during known quiet periods with low customer footfall.</p>



<p>Platforms like <a href="https://www.freelancer.com/">Freelancer</a> and <a href="https://www.upwork.com/">Upwork</a> are full of creative writing, graphic design, web development and video editing tasks for freelancers to take on. Alternatively, consider longer-term side hustles that you could later convert into passive income. For instance, if you’re knowledgeable about a particular subject or have some amazing stories to share, consider <strong>producing an e-book </strong>for avid readers. Growing in popularity, e-books are relatively inexpensive to publish and the royalties you receive from sales could provide you with passive income for many years to come.</p>



<h2 class="wp-block-heading">6. Sell products online</h2>



<p>Sales shouldn’t be limited to those made in your store. Increasingly, consumers are buying more and more online with the eCommerce industry expected to be worth <a href="https://www.globaldata.com/media/thematic-research/global-ecommerce-market-will-worth-9-3-trillion-2027-forecasts-globaldata/">$9.3 trillion</a> by 2027. Having your own online presence will enable you to highlight your existing products, including any leftover stock, to a much wider audience.</p>



<p>Equally, having a digital footprint would also help you <strong>set up a print-on-demand store</strong>. Typically, these online stores contain unique designs that can be placed on plain t-shirts, posters, cups and backpacks among other items. Similarly to dropshipping, this model allows you to offer customized products without the need for large amounts of capital or considerable storage space. Customers simply purchase a product on your website, automatically placing an order with your supplier, who will then add your design to the desired plain item and deliver the product directly to the customer.</p>



<h2 class="wp-block-heading">7. Engage with the digital community</h2>



<p>When introducing new sources of income, one of the biggest challenges small business owners face is maximizing the potential revenue, while at the same time, continuing to deal with the natural ebb and flow of customers visiting their store. In this sense, it is helpful to have paid online activities that you can pause at a moment’s notice. For instance, <strong>completing online surveys</strong> can provide you with a little extra money every day without heavily disrupting your core activities. <a href="https://www.inboxdollars.com/">InboxDollars</a> and <a href="https://surveysavvy.com/">SurveySavvy</a> are just a few examples of websites that offer payment for completed surveys.</p>



<h2 class="wp-block-heading">Bonus tip: Put your money to work</h2>



<p>Given money tends to lose value over time, consider <a href="https://www.riamoneytransfer.com/en/blog/financial-literacy-investing-compound-interest-explained/"><strong>investing</strong></a><strong> any spare capital into either stocks, bonds or mutual funds</strong>. In essence, investing can boost your income in two ways. For instance, some investments offer dividends, regular payments made to the investor based on the performance of the asset. However, most investments simply appreciate as time progresses, helping you accumulate long-term wealth. For example, a standard <a href="https://www.in2013dollars.com/us/stocks/s-p-500/1970" target="_blank" rel="noreferrer noopener"><strong>$100</strong></a>&nbsp;investment in corporate stocks in 1970 would have surpassed $22,000 in 2023.</p>



<p>At Ria, we understand the importance and impact small businesses have on our local economies. Their success helps our customers’ communities thrive, resulting in greater purchasing power, healthier households and better educational opportunities for children. By diversifying your small business and becoming a money transfer agent, you can help facilitate the flow of <a href="https://www.riamoneytransfer.com/en/blog/remittances-why-people-send-them/">crucial funds from migrants to their loved ones back home</a>.</p>



<p>Interested in <a href="https://www.riafinancial.com/become-agent">becoming an authorized Ria agent</a>? Visit our website to learn more about the great benefits of working with us and the steps to follow.</p>


7 Passive Income Ideas to Boost Your Small Business


<p>In today&#8217;s fast-paced world, convenience is key, especially for managing your finances. With the rise of digital payment solutions, Google Pay is a user-friendly platform that simplifies how we handle transactions.</p>



<p>Whether you&#8217;re a seasoned pro or a newcomer to the world of digital wallets, this guide is your roadmap to mastering Google Pay. From setting up your account to making secure payments, we&#8217;ll cover everything you need to know to leverage this tool to its fullest potential.<br></p>



<h2 class="wp-block-heading">What Is Google Pay?</h2>



<p><br>Google Pay is<a href="https://www.riamoneytransfer.com/en/blog/digital-wallet-vs-bank-account-whats-the-difference/"> a digital wallet</a> platform developed by Google that allows users to make payments, store payment information securely, and manage their finances conveniently on their mobile devices.</p>



<p>Originally launched in 2015, Google Pay has evolved to offer a comprehensive suite of features for consumers and businesses.<br></p>



<h2 class="wp-block-heading">Which Devices Work with Google Pay?</h2>



<p><br>Google Pay is compatible with a wide range of devices, primarily those running on the Android operating system. Here are the main types of devices that work with Google Pay:</p>



<ul class="wp-block-list">
<li><strong>Smartphones and Tablets:</strong> Google Pay is available on most Android smartphones and tablets. These devices typically need NFC (Near Field Communication) capabilities to support contactless payments.<br></li>
</ul>



<ul class="wp-block-list">
<li><strong>Wear OS Devices:</strong> <a href="https://wearos.google.com/">Wear OS by Google</a>, the operating system for smartwatches and wearables, also supports Google Pay. Users can make payments using their Wear OS device if it has NFC and is compatible with Google Pay.<br></li>
</ul>



<ul class="wp-block-list">
<li><strong>Chromebooks: </strong>Google Pay can be used on Chromebooks that support Android apps.<br></li>
</ul>



<ul class="wp-block-list">
<li><strong>Google Home Devices: </strong>While <a href="https://home.google.com/explore-devices/">Google Home devices</a> themselves cannot directly make payments, users can link their Google Pay account to their Google Home device for making purchases via voice commands for certain transactions, like ordering food or requesting rides.<br></li>
</ul>



<p>While Google Pay is primarily available on Android devices, some features may also be accessible on iOS devices (such as sending and receiving money) through the Google Pay app or website. <br><br>However, iOS devices do not support Google Pay for contactless payments in stores due to restrictions imposed by Apple.<br></p>



<h2 class="wp-block-heading">How Does Google Pay Work?</h2>



<p><br>Google Pay works by securely storing your payment information and allowing you to make purchases in-store, online, and within apps using your mobile device.<br><br>It uses Near Field Communication (NFC) technology for contactless payments in stores and securely transmits payment information for online and in-app purchases.<br><br>Users can add credit cards, debit cards, and bank accounts to their Google Pay account, and authenticate transactions using biometric methods or PIN codes.</p>



<h2 class="wp-block-heading"><br>How To Set Up Google Pay</h2>



<p><br>Setting up Google Pay is a straightforward process. Here&#8217;s a step-by-step guide to help you get started:<br></p>



<ul class="wp-block-list">
<li>Download the Google Pay App: If you haven&#8217;t already, download the Google Pay app from the Google Play Store (for Android devices) or the App Store (for iOS devices).<br></li>
</ul>



<ul class="wp-block-list">
<li>Sign In or Create an Account: If you&#8217;re not already signed in to your Google account, you&#8217;ll need to do so. If you don&#8217;t have a Google account, you&#8217;ll be prompted to create one.<br></li>
</ul>



<ul class="wp-block-list">
<li>Add a Payment Method: Tap on the &#8220;Payment&#8221; option in the app and then select &#8220;Add payment method.&#8221; You can add a credit card, debit card, or bank account. Follow the prompts to enter your payment information. If you&#8217;re using an Android device with NFC capabilities, you may also have the option to add a payment card by simply tapping it against your device.<br></li>
</ul>



<ul class="wp-block-list">
<li>Verify Your Payment Method: Depending on your bank or card issuer, you may need to verify your payment method. This can typically be done through a text message, email, or by logging in to your online banking account.<br></li>
</ul>



<ul class="wp-block-list">
<li>Set Up Security: Google Pay offers various security options, such as PIN protection, fingerprint recognition, or facial recognition, depending on your device.<br></li>
</ul>



<ul class="wp-block-list">
<li>Enable Contactless Payments (Optional): If you plan to use Google Pay for in-store purchases, make sure your device&#8217;s NFC functionality is enabled. You can usually find this option in your device&#8217;s settings under &#8220;Connections&#8221; or &#8220;NFC and payment.&#8221;<br></li>
</ul>



<ul class="wp-block-list">
<li>Accept Terms and Conditions: Review and accept the terms and conditions for using Google Pay.</li>
</ul>



<h2 class="wp-block-heading"><br>How To Pay with Google Pay</h2>



<p><br>Paying with Google Pay is a simple and convenient process, whether you&#8217;re making purchases in-store, online, or within apps. Here&#8217;s how to pay using Google Pay:</p>



<h3 class="wp-block-heading"><br><strong>Pay with Google Pay on Ria</strong></h3>



<p><br>Customers in the US and Canada can pay for transfers using a debit card saved to their Google Pay wallet. (Credit cards aren’t supported yet, but coming soon!)</p>



<ol class="wp-block-list">
<li>Start your transfer and select <strong>Google Pay</strong> as your payment method.</li>



<li>Enter your recipient’s details.</li>



<li>On the <strong>Transfer summary</strong> screen, tap <strong>Confirm</strong>.</li>



<li>On the <strong>Confirm your payment</strong> screen, tap <strong>Pay</strong>. (To switch cards, tap the arrow in G Pay—only debit cards are accepted for now.)</li>



<li>Review and confirm. You’ll return to the Ria app where you can track your transfer.<br></li>
</ol>



<h3 class="wp-block-heading">In-Store Payments:</h3>



<p></p>



<ul class="wp-block-list">
<li>Open Google Pay: Open the Google Pay app on your device.</li>
</ul>



<ul class="wp-block-list">
<li>Hold Your Device Near the NFC Reader: When you&#8217;re ready to pay, hold your device near the NFC (Near Field Communication) reader at the checkout terminal. The NFC reader is usually located near the card reader or POS terminal.</li>
</ul>



<ul class="wp-block-list">
<li>Authenticate Your Payment: Depending on your device&#8217;s settings, you may need to authenticate the payment using your PIN, fingerprint, or facial recognition.</li>
</ul>



<ul class="wp-block-list">
<li>Complete the Transaction: Once the payment is authenticated, Google Pay will securely transmit your payment information to the terminal to complete the transaction. You&#8217;ll typically receive confirmation on your device and/or a receipt from the merchant.</li>
</ul>



<h3 class="wp-block-heading"><br>Online and In-App Payments:</h3>



<p></p>



<ul class="wp-block-list">
<li>Choose Google Pay at Checkout: When making a purchase online or within an app, look for the Google Pay logo or the option to pay with Google Pay at checkout.</li>
</ul>



<ul class="wp-block-list">
<li>Select Google Pay as Your Payment Method: Choose Google Pay as your payment method during checkout. You may need to sign in to your Google account if you&#8217;re not already logged in.</li>
</ul>



<ul class="wp-block-list">
<li>Authenticate Your Payment (If required): Depending on your device&#8217;s settings, you may need to authenticate the payment using your PIN, fingerprint, or facial recognition.</li>
</ul>



<ul class="wp-block-list">
<li>Complete the Transaction: Once the payment is authenticated, Google Pay will securely transmit your payment information to the merchant to complete the transaction. You&#8217;ll typically receive confirmation of your purchase.</li>
</ul>



<p></p>



<h3 class="wp-block-heading">Peer-to-Peer Payments:<br></h3>



<ul class="wp-block-list">
<li>Open Google Pay</li>
</ul>



<ul class="wp-block-list">
<li>Tap on &#8220;Send&#8221;</li>
</ul>



<ul class="wp-block-list">
<li>Choose a Recipient: Select the recipient from your contacts list or enter their email address or phone number.</li>
</ul>



<ul class="wp-block-list">
<li>Enter the Amount</li>
</ul>



<ul class="wp-block-list">
<li>Add a Note (Optional)</li>
</ul>



<ul class="wp-block-list">
<li>Tap &#8220;Send&#8221;</li>
</ul>



<p></p>



<h2 class="wp-block-heading">Key Google Pay Features</h2>



<p></p>



<p>Here are some key features of Google Pay designed to simplify and enhance the way you manage your payments and finances:<br></p>



<ul class="wp-block-list">
<li>Contactless Payments: Google Pay enables contactless payments using Near Field Communication (NFC) technology.<br></li>
</ul>



<ul class="wp-block-list">
<li>Online and In-App Payments: You can securely store your payment information and complete transactions with just a few taps, eliminating the need to enter your card details every time you shop online.<br></li>
</ul>



<ul class="wp-block-list">
<li>Peer-to-Peer Payments: Whether you&#8217;re splitting a bill, reimbursing a friend, or sending a gift, you can quickly transfer funds using Google Pay&#8217;s peer-to-peer payment feature.<br></li>
</ul>



<ul class="wp-block-list">
<li>Transaction History and Receipts: Google Pay keeps track of your transaction history, making it easy to monitor your spending and review past purchases. You can also access digital receipts for your transactions directly within the app, helping you stay organized and manage your finances more effectively.<br></li>
</ul>



<ul class="wp-block-list">
<li>Rewards and Offers: Google Pay may offer rewards, cashback, and special offers to users for using the platform for payments. You can earn reward points or receive discounts at participating merchants, enhancing the value of using Google Pay for transactions.<br><br></li>



<li>Integration with Google Services: Google Pay seamlessly integrates with other Google services, allowing you to use it for purchases across various platforms. You can use Google Pay to pay for Google products and services like Google Play purchases, YouTube Premium subscriptions, and more.<br></li>
</ul>



<ul class="wp-block-list">
<li>Cross-Platform Compatibility: While Google Pay is primarily available on Android devices, some features may also be accessible on iOS devices through the Google Pay app or website.<br></li>
</ul>



<h2 class="wp-block-heading">Is It Safe to Use Google Pay?</h2>



<p><br>Yes, Google Pay is considered safe and secure for making payments and managing your finances. Here are several reasons why:<br></p>



<ul class="wp-block-list">
<li>Encryption and Tokenization: Google Pay uses advanced encryption and tokenization technologies to secure your payment information. When you add a card to Google Pay, your actual card details are replaced with a virtual account number, which is used to process transactions. This helps protect your sensitive information from being exposed during transactions.<br></li>
</ul>



<ul class="wp-block-list">
<li>Device Security: Google Pay requires authentication, such as a PIN, fingerprint, or facial recognition, to authorize payments on your device. This adds an extra layer of security and prevents unauthorized access to your payment information.<br></li>
</ul>



<ul class="wp-block-list">
<li>Fraud Protection: Google Pay offers built-in fraud protection measures to detect and prevent unauthorized transactions. If suspicious activity is detected on your account, Google Pay may notify you and take steps to secure your account and prevent further unauthorized transactions.<br></li>
</ul>



<ul class="wp-block-list">
<li>Remote Wipe Feature: If your device is lost or stolen, you can remotely lock or wipe your device using Google&#8217;s Find My Device feature. This helps protect your payment information from unauthorized access if your device falls into the wrong hands.<br></li>
</ul>



<ul class="wp-block-list">
<li>Privacy Controls: Google Pay gives you <a href="https://pay.google.com/intl/es_mx/about/">control over your privacy settings</a>, allowing you to manage how your transaction data is used and shared. You can adjust your privacy settings to limit the collection and use of your data for personalized offers and advertisements.<br></li>
</ul>



<p>While Google Pay is designed with security in mind, it&#8217;s important to also take precautions on your end, such as keeping your device&#8217;s software up to date, using strong authentication methods, and monitoring your account for any suspicious activity.<br></p>



<h2 class="wp-block-heading">Where Is Google Pay Accepted</h2>



<p><br>Google Pay is accepted at a wide range of locations. We’ve discussed how you can use Google Pay in-store, online, peer-to-peer, in-app, and for Google services.<br><br>Additionally, in some cities, Google Pay can be used for <a href="https://support.google.com/wallet/answer/12059518?hl=en">contactless payments on public transportation systems</a>, such as buses, trains, and subways. Look for the contactless payment symbol at fare gates or ticket readers and tap your device to pay for your fare.</p>



<h2 class="wp-block-heading"><br>Google Pay Alternatives</h2>



<p><br>Several alternatives to Google Pay offer similar features and functionalities for managing payments and finances. Here are some popular alternatives:<br></p>



<ul class="wp-block-list">
<li><strong>Apple Pay:</strong> <a href="https://www.riamoneytransfer.com/en/blog/how-to-use-apple-pay-a-complete-guide/">Apple Pay</a> is a digital wallet service developed by Apple, available on iOS devices. It allows users to make secure payments in stores, online, and within apps using their iPhone, iPad, Apple Watch, or Mac. Like Google Pay, Apple Pay uses tokenization and biometric authentication for security.<br></li>
</ul>



<ul class="wp-block-list">
<li><strong>Samsung Pay:</strong> Samsung Pay is a mobile payment service offered by Samsung for its Galaxy devices. It supports both NFC-based contactless payments and Magnetic Secure Transmission (MST) technology, allowing users to make payments at any terminal that accepts credit or debit cards.<br></li>
</ul>



<ul class="wp-block-list">
<li><strong>Ria:</strong> Ria Money Transfer is a global money transfer company that provides services such as bank transfers, cash pickups, and mobile wallet transfers. It offers competitive exchange rates and lower fees compared to some traditional banks. You can send to 500k+ pickup locations in <a href="https://www.riamoneytransfer.com/en-us/">190+ countries and territories</a>.<br></li>
</ul>



<ul class="wp-block-list">
<li><strong>Venmo:</strong> Venmo is a peer-to-peer payment app owned by PayPal, popular among younger users for splitting bills, sharing expenses, and sending money to friends. It allows users to link their bank accounts, debit cards, or credit cards to the app for easy transactions.<br></li>
</ul>



<p>Determining if Google Pay is right for you depends on your individual needs, preferences, and priorities when managing payments and finances. It&#8217;s also worth trying out Google Pay to see how it works for you in real-world situations and whether it meets your expectations for managing payments and finances.</p>


How to Use Google Pay: A Complete Guide


<p>Apple fans already enjoy a suite of innovative tools for their phones, watches and tablets. Apple Pay, the brand’s approach to swipe-free payments, adds another convenient perk to the list. <br><br>So, just how does the technology work? And is it safe to use everywhere? We break down its benefits, along with how to use it securely for sending money to friends and family.</p>



<h2 class="wp-block-heading"><strong>What Is Apple Pay?</strong></h2>



<p>It&#8217;s Apple’s digital payment service. It’s designed for use on any of its devices, including iPhone, iPad, Apple Watch, and Mac computers. By adding the account details from their credit cards, debits, cards or other payment services to their account, consumers can pay without sharing specific details of their accounts. &nbsp;<br><br>Apple Pay can be used with any device that has access to Apple payment details, including a computer. When used on a phone or smartwatch, you can make payments by simply holding the device near a payment terminal. This touchless technology allows you to keep your cash or credit cards in your pocket (or at home if you prefer).</p>



<h2 class="wp-block-heading"><strong>Which Devices Does it Work with?</strong></h2>



<p>Apple Pay is designed to work with any Apple device but may not work with very old devices that can’t be updated with the most recent version.<br><br>The following <a href="https://support.apple.com/en-us/102896">devices support Apple Pay</a> as of March 2024:</p>



<ul class="wp-block-list">
<li>iPhones with Face ID or Touch ID (except for iPhone 5s)</li>



<li>iPad Pro, iPad Air, iPad, and iPad mini models with Face ID or Touch ID</li>



<li>Apple Watch Series 1 and later</li>



<li>Mac models with Touch ID or those introduced after 2011 connected with an Apple Pay-enabled iPhone or Apple Watch</li>



<li>Mac computers with Apple silicon paired with Touch ID for Magic Keyboard</li>



<li>Apple Vision Pro</li>
</ul>



<p>Both iPads and iPhones can be used to pay on websites within the Safari browser and for person-to-person payments. However, iPhones also support payments at retailers, some transit systems, and schools; iPads don’t support these locations.</p>



<h2 class="wp-block-heading"><strong>How Apple Pay Works</strong></h2>



<p>It works in stores in much the same way as contactless card payments work. Once you’ve added your credit or debit card to your wallet, you can hold your device near the payment terminal. Double-tap the side button, and the terminal will scan the payment information from your phone or watch and complete the transaction.&nbsp;</p>



<h3 class="wp-block-heading"><strong>How To Set it Up </strong></h3>



<p>It’s easiest to install Apple Pay on an iPhone or Apple Watch, even though it works on other devices. To get started, follow these steps:</p>



<ul class="wp-block-list">
<li>Log in to your device.</li>



<li>Open the Wallet App.</li>



<li>Tap the “Add” button, which may appear as a plus mark.</li>



<li>Select a payment account option, such as a credit or debit card.</li>



<li>Read and agree to the Apple terms and conditions.</li>



<li>Enter your debit or credit card information by scanning the card with your phone&#8217;s camera or manually entering the numbers.</li>
</ul>



<p>With the payment method added, you can now use it to pay through the Apple Pay app – even if you don’t have the payment method on you.</p>



<h2 class="wp-block-heading"><strong>How To Pay with Apple Pay</strong><br></h2>



<ul class="wp-block-list">
<li>When at a store, check to see if the credit card machine or self-checkout equipment has contactless payment technology. You may see an illustration with three or four curved lines and a card symbol or an Apple Pay symbol.</li>



<li>Double-tap the payment button on the right side of your phone or watch</li>



<li>Choose the payment method you want to use and verify it using your Apple passcode, facial recognition, or fingerprint.</li>



<li>When prompted, put the phone near the payment terminal and wait for it to process. It will work just like using a contactless credit card.</li>
</ul>



<h3 class="wp-block-heading"><br><strong>Pay with Apple Pay on Ria</strong></h3>



<p>Customers in the US and Canada can pay for transfers using a debit card saved to their Apple Pay wallet. (Credit cards aren’t supported yet, but coming soon!)</p>



<ol class="wp-block-list">
<li>Start your transfer and select <strong>Apple Pay</strong> as your payment method.</li>



<li>Enter your recipient’s details.</li>



<li>On the <strong>Transfer summary</strong> screen, tap <strong>Confirm</strong>.</li>



<li>On the <strong>Confirm your payment</strong> screen, tap <strong>Pay</strong>. (To switch cards, tap the arrow in Apple Pay—only debit cards are accepted for now.)</li>



<li>Review and confirm. You’ll return to the Ria app where you can track your transfer. </li>
</ol>



<h3 class="wp-block-heading"></h3>



<h3 class="wp-block-heading"><strong>Key Features</strong></h3>



<ul class="wp-block-list">
<li>Pay at retailers and online.</li>



<li>Pay over time with Apple Pay Later (a financing service that breaks up purchases into four equal payments.) This is subject to credit approval.</li>



<li><a href="https://www.riamoneytransfer.com/en/blog/exploring-the-5-best-ways-to-send-money-internationally/">Send or receive money</a> from friends and family with the Apple Cash digital card.</li>
</ul>



<h2 class="wp-block-heading"><strong>Is It Safe to Use Apple Pay?</strong></h2>



<p>It is a highly secure method of payment, thanks to the steps Apple has put into place for using the technology.<br><br>With Apple Pay, each phone or device has a unique encrypted identifier that can only be used from that device. When the payment goes through, a unique transaction code is generated just for that transaction. These measures keep your credit or debit card number from being shared with the retailer or person to whom you are sending money.<br><br>To use it, your device must have the enhanced security features enabled. Face ID or Touch ID, two forms of biometric security, ensure you (and only you) are approving payments with the device. Your device passcode can also be used in some cases.</p>



<h3 class="wp-block-heading"><strong>Can Apple Pay Be Hacked?</strong></h3>



<p>No system is perfect, and Apple’s payment systems could be exploited by hackers under the right conditions. However, Apple has taken steps to protect data and keep transactions secure.<br><br>To ensure your financial information isn’t exploited, you should keep your device secure with a unique passcode or enable its biometric security measures at all times. Keep an eye on credit or debit card activity, and sign up for alerts so you know of any unapproved charges right away. Be sure to contact your financial institution as soon as you learn of a potential breach.</p>



<h2 class="wp-block-heading"><strong>Where is <strong>Apple Pay</strong> Accepted</strong> </h2>



<p>Just about any establishment that supports contactless payments will take Apple Pay, including most retailers and even some bank ATMs.&nbsp;<br><br>Apple states that 85% of retailers accept this payment method, and many online stores also let you select Apple Pay as a payment method upon checking out.</p>



<h2 class="wp-block-heading"><strong>Apple Pay Alternatives</strong></h2>



<p>While it is convenient and widely accepted, it’s not ideal for everyone. Those without Apple devices won’t be able to use it, for example.<br><br>Other options that may work better include:</p>



<ul class="wp-block-list">
<li><strong><a href="https://www.paypal.com/">PayPal:</a>&nbsp;</strong>This widely used platform has been around for over 20 years and serves as a checkout option for major websites. It offers fast cash transfers to bank accounts and a credit card and line of credit to qualifying users.</li>



<li><strong><a href="https://www.riamoneytransfer.com/en/blog/how-to-use-google-pay-a-complete-guide/">Google Pay</a>:&nbsp;</strong>This alternative is for Android device users and offers many of the same features. It supports peer-to-peer payments, fast retail checkouts, and online purchases.</li>



<li><strong>Ria Money Transfer:</strong> This online money transfer service is a popular pick for sending cash to 190+ countries and territories. Send as little as you want, with limits up to $5,000 (or more in some cases). The low fees and competitive currency exchange rates make it an affordable option for those wanting to send money to loved ones or friends domestically or across the globe. Ria works from your desktop or through our <a href="https://www.riamoneytransfer.com/en-us/">free and convenient mobile app</a>, as well as by sending or receiving cash in person at a <a href="https://www.riamoneytransfer.com/en-us/locations/">variety of retail locations</a>.</li>
</ul>



<h2 class="wp-block-heading"><strong>Is Apple Pay Right for You?</strong></h2>



<p>In a world where consumers are often on the go — and vulnerable to theft — it’s important to have a convenient and secure way to pay for purchases and send money to loved ones. If you have an iPhone or other Apple device, Apple Pay may be a natural fit for your financial life.<br><br>However, not all smartphone users prefer Apple, and some may be uncomfortable with using the biometric features for secure payments on the go. Apple Pay is also not built for seamless peer-to-peer payments unless both parties have access to a bank account.<br><br>For times when you don’t want to use Apple Pay to send money, <a href="https://www.riamoneytransfer.com/en-us/">Ria Money Transfer</a> is a great alternative.</p>


How to Use Apple Pay: A Complete Guide


<p>The ability to easily send money all around the world offers a whole host of benefits. For migrants working abroad, it allows them to safely and affordably <a href="https://www.riamoneytransfer.com/en/blog/remittances-growth-in-the-face-of-global-challenges/" target="_blank" rel="noreferrer noopener">support loved ones back home</a>. For students <a href="https://www.riamoneytransfer.com/en/blog/benefits-of-studying-abroad/" target="_blank" rel="noreferrer noopener">studying overseas</a>, it gives family members a convenient way to ensure they’ve got the resources they need to pay for their education. And for travelers, international money transfers provide a simple solution to ensure that, no matter where their adventures lead, they’ve got cash waiting for them at their destination. </p>



<p>Unfortunately, there is another group of people who attempt to make use of money transfer services when the opportunity presents itself: <a href="https://www.riamoneytransfer.com/en/blog/how-to-spot-a-scam/" target="_blank" rel="noreferrer noopener">scammers</a>. <strong>Criminals attempt to manipulate unsuspecting people into sending them money under false pretenses</strong>, leveraging the victim’s ignorance, compassion, or fear as a weapon against them. And though it may seem hard to believe, their efforts can often prove shockingly effective: <strong>consumers in the U.S. alone reported losing as much as $2.6 billion</strong> in 2022 to scammers pretending to be someone else, <a href="https://www.ftc.gov/news-events/news/press-releases/2023/02/new-ftc-data-show-consumers-reported-losing-nearly-88-billion-scams-2022" target="_blank" rel="noreferrer noopener">according to the FTC</a>.&nbsp;</p>



<p>At Ria Money Transfer, we take the safety of your money very seriously. We have a team of expert fraud analysts and compliance professionals working tirelessly to stop scams before they succeed. Our high compliance standards compel us to ensure that we clearly understand <a href="https://www.riamoneytransfer.com/en/blog/kyc-meaning-kyc-process/" target="_blank" rel="noreferrer noopener">who is sending and receiving money</a> through our network. Our staff and agents receive rigorous, ongoing training to <strong>spot and prevent</strong> cases of fraud at the point of sale.&nbsp;</p>



<p>Still, the best way for you to protect yourself from scammers is to be aware of the most common tricks they use to deceive people into sending them money. That’s why we’re diving into seven of the most common money transfer scams and looking at the steps you can take to avoid falling for them.&nbsp;</p>



<h2 class="wp-block-heading">Family Emergency Scams&nbsp;</h2>



<p>These scams feature a malicious actor pretending to be a family member, close friend, or an authority figure like a police officer or lawyer speaking on a family member’s behalf. They’ll say that <strong>someone you care about is in an emergency and needs help right away</strong> – they may pretend the person has been arrested, kidnapped, injured, or is stuck in a foreign country.&nbsp;</p>



<p>They may appear to know quite a bit about both the target of the scam and the family member they are pretending to be, but often this is simply what they are able to glean from publicly available sources like social media accounts. They may also use manipulation to get the victim to reveal information without realizing it. Recent <a href="https://www.riamoneytransfer.com/en/blog/ai-personal-finance-money-management/" target="_blank" rel="noreferrer noopener">advances in artificial intelligence</a> have even given scammers the ability to digitally recreate a loved one’s voice using samples found online, adding even more believability to their lies.&nbsp;</p>



<p>By insisting that the victim’s loved one needs help immediately, the scammer seeks to <strong>use urgency to create panic and prevent the victim from thinking clearly</strong> about the situation. They may even contrive a reason that the situation must be kept secret from other family members and from the police. &nbsp;</p>



<p>Invariably, however, the scammer will try to convince their target to send them a money transfer, cryptocurrency, or even a gift card to help get them out of the feigned urgent situation, supposedly to pay a hospital bill, a ransom, bail, or something similar.&nbsp;</p>



<p>If you receive an unexpected call from someone claiming to be a loved one in trouble, especially if it comes from a phone number you don’t recognize, <strong>resist the scammer’s pressure to act right away without thinking</strong>. If possible, hang up and call the loved one back right away on a phone number you are sure belongs to them. If you’re not comfortable hanging up, try asking them a question only the real person would know the answer to, such as, “where were we the last time we saw each other?” or “what did you give me for my birthday?”.&nbsp;</p>



<h2 class="wp-block-heading">Phishing Scams&nbsp;</h2>



<p>Phishing refers to <a href="https://www.riamoneytransfer.com/en/blog/latest-types-of-web-smartphone-scams-frauds/" target="_blank" rel="noreferrer noopener">online scammers</a> attempting to trick unsuspecting users into <strong>revealing sensitive information</strong> such as passwords, account numbers, and contact information. One common way of doing this is creating emails, text messages, or websites that claim to be from a trusted source, such as a bank, online retailer, or even a money transfer company like us. By clicking on links embedded in these messages or entering login credentials into fake web pages, scammers can <strong>steal important information or install malicious software</strong> on the victim’s device.&nbsp;</p>



<p>The best way to avoid falling victim to phishing attempts is to <a href="https://www.riamoneytransfer.com/en/blog/how-to-stay-safe-online/" target="_blank" rel="noreferrer noopener"><strong>avoid clicking on any link</strong></a><strong> in a message from a company or institution that you didn’t expect to receive</strong>. If, for example, an unexpected email supposedly from your bank claims that you need to click on a link to solve some urgent problem, resist the urge to click and instead go directly to your bank’s website using your web browser to log in to your account as you normally would. Once logged in, you should be able to easily see if the apparently urgent situation is real or not. &nbsp;</p>



<p>Be on the lookout as well for <strong>misspelled or unusual URLs</strong>; these may be a giveaway that the destination of a link is not what it claims to be. For example, if the website of your bank is yourbank.com, pay close attention to avoid visiting links that are designed to appear as though they lead to your bank’s website but instead lead to youbank.com, yourbank.net, yourbank.scam.com, or anything other than the URL you’ve already confirmed to be correct.&nbsp;</p>



<h2 class="wp-block-heading">CEO Scam&nbsp;</h2>



<p>These scams are a targeted form of phishing. A scammer pretends to be someone in a position of authority in the victim’s workplace like the CEO, President, or a senior executive and <strong>demands that the recipient provide sensitive information such as company data or login credentials</strong>. Often, scammers attempting this type of fraud are using publicly available information to find people in the company that the victim might hesitate to refuse or make wait for information. Criminals may even use a technique called “email spoofing” to make it appear as though the message has come from the executive’s actual email address.&nbsp;</p>



<p>If you receive a message from someone at your company that you don’t normally interact with directly or that seems otherwise out of character, it’s best to <strong>confirm that the message is authentic using another form of communication</strong>, such as a face-to-face conversation or a phone call. Even if you might hesitate to reach out to the person directly, asking them for a few moments of their time is always preferable to inadvertently putting company information at risk.&nbsp;</p>



<h2 class="wp-block-heading">Tech Support Scams&nbsp;</h2>



<p>Tech support scammers call unsuspecting victims, often pretending to be from a well-known company such as Apple, Microsoft, or Google. Alternately, they may post ads online offering tech support with a phone number for interested customers to call. Criminals attempting this type of scam may target people that they believe will not be especially tech-savvy, such as older people or those with low levels of literacy.&nbsp;</p>



<p>Once on the phone, they insist that they’ve found a serious problem with your computer and offer to help by connecting remotely to solve the problem. The scammer will then use their access to the victim’s computer to steal valuable information like passwords or account numbers, or else <strong>demand payment for having “fixed” the non-existent problem</strong>. They may threaten to cause damage to the victim’s computer or hold it to ransom if the payment is not made.&nbsp;</p>



<p>If you receive an unexpected call from someone claiming that they’ve detected a problem with your computer, <strong>hang up immediately without giving them more information</strong>. If you need to seek technical assistance from a qualified professional, be sure to do your own research and find a reputable provider with sound references for past service.&nbsp;</p>



<h2 class="wp-block-heading">Extortion Scams&nbsp;</h2>



<p>These scams are commonly seen on social media sites and dating apps. The scammer claims that they’ve gotten access to sensitive information such as photographs, videos, emails, or text messages, with which they want to blackmail the victim. They may alternately claim to be a lawyer or government official and say that the victim owes an unexpected debt. No matter the story, the demand is always the same – that the victim send them money or they will use the power at their disposal to shame or harm them in some way.&nbsp;</p>



<p>In the majority of cases, <strong>the scammer’s claim to have compromising or embarrassing pictures or videos of the victim is completely fabricated</strong>. Scammers send messages like these to as many people as possible hoping that a small percentage will believe the blackmail is real. The best course of action is to delete the scammer’s message without clicking any links or opening any attachments.&nbsp;</p>



<p>Criminals attempting this type of scam may sometime try to prove they really do have access to the target’s information, for example, by including a password the victim uses for a particular website. These passwords are often gained through phishing or from data breaches of said website. <strong>If you recognize a password in a scammer’s email as one you are currently using anywhere online, be sure to change it immediately</strong>.&nbsp;</p>



<h2 class="wp-block-heading">Dating App Romance Scams&nbsp;&nbsp;</h2>



<p>Scammers build <a href="https://www.riamoneytransfer.com/en/blog/romance-scams/" target="_blank" rel="noreferrer noopener">fake profiles on dating websites</a> and <strong>use false personas to attract the attention of potential targets</strong>. By engaging the victim in back-and-forth conversation, sometimes over an extended length of time, they establish a connection and a familiarity with their target. Despite engaging in extended and sometimes intimate exchanges, they’ll always be careful to invent excuses to avoid meeting in person.&nbsp;</p>



<p>Eventually, when they feel that they’ve built up enough trust, they will invent a story that explains a sudden need for cash – an unexpected bill, a sick family member, an emergency airplane ticket, or something similar – and <strong>pressure the victim to “help them” by sending money</strong>.&nbsp;</p>



<p>It’s relatively easy to spot a fake profile used for romance scams if you know what signs to watch out for. Common signs include the person seeming “too good to be true” in their photos and description, claiming to be always traveling or living overseas, and consistently avoiding efforts to meet in person or speak on the phone. If someone on a dating app that you have not met in person is asking you for money for any reason, your best bet is simply to <strong>block them and move on</strong>.&nbsp;</p>



<h2 class="wp-block-heading">Immigration Scams&nbsp;</h2>



<p>Scammers often aim their criminal intent at people they perceive as vulnerable to pressure and coercion because of their personal situations. For that reason, some target migrants, especially those without a fully documented status, because the scammer believes they may be less familiar with the typical way of doing things in their host country or simply be afraid of causing trouble if they do not comply with the scammer’s demands.&nbsp;</p>



<p>Sometimes, the scammer might impersonate a government official and accuse the victim of owing money for something related to their immigration process and threaten them with consequences including arrest or deportation if the debt is not paid. In other cases, the scammer pretends to represent an organization that offers to help people migrate to another country or access services in their new home for a fee.&nbsp;</p>



<p>It is important to remember that <strong>government representatives will not contact you about your immigration status or procedures through any means besides official channels</strong>. This includes social media and text messages. If someone claims to have information or needs money related to your immigration, be sure to contact the relevant agency through an official email address or phone number to confirm. You can learn more about immigration scams and how to avoid them on the website for <a href="https://www.uscis.gov/scams-fraud-and-misconduct/avoid-scams/common-scams" target="_blank" rel="noreferrer noopener">U.S. Customs and Immigration Enforcement</a>.&nbsp;</p>



<h2 class="wp-block-heading">How to Identify Money Transfer Scams&nbsp;</h2>



<p>Scammers excel at manipulation and deceit, but there are often <strong>a few telltale signs</strong> that can help you tell the difference between an authentic interaction and attempted fraud.&nbsp;</p>



<p>Messages from scammers often contain<strong> unprofessional language, spelling and grammatical mistakes, and unusual formatting errors</strong>. If something seems a bit “off” about an email claiming to be from a large company or trusted institution, it’s usually a good idea to trust your instincts and confirm any relevant information by other means.&nbsp;</p>



<p>Scammers often create a <strong>false sense of urgency</strong>, hoping that pressure to act quickly will stop you from thinking carefully about what you are doing. Be wary of any request for money or information that comes unexpectedly and with a tight deadline.&nbsp;</p>



<p>Criminals looking to commit fraud can piece together quite a bit of information using publicly available sources, but if you’re suspicious that someone may not be who they claim to be, it shouldn’t be hard to catch them in the act. Don’t be afraid to <strong>ask questions</strong> that only the real person or institution would know the answer to.&nbsp;&nbsp;</p>



<p>Take a close look at the <strong>email address and phone number</strong> that people use to contact you. Anything that seems unusual could be a sign of a potential scam. For example, an email from your bank should likely come from an email address with a format like “name@yourbank.com”, rather than something easy to fake like “yourbank@gmail.com”.&nbsp;</p>



<h2 class="wp-block-heading">How to Avoid Money Transfer Scams&nbsp;</h2>



<p>Avoiding money transfer scams is often simply a matter of taking the time to confirm information before going through with a transaction. Always <strong>be sure that you know who it is that you are sending money to and why</strong>. Where possible, confirm details sent by email with a phone call and vice versa.&nbsp;</p>



<p>Always be sure to <strong>communicate directly with friends and family through trusted sources</strong> like known phone numbers and email addresses. A call from an unfamiliar number claiming to be someone you know is reason enough to be suspicious – always follow up by another means before sending money to whoever is on the other end of the line.&nbsp;</p>



<p>Finally, using a <strong>trusted money transfer provider like Ria</strong> can also <a href="https://www.riamoneytransfer.com/en/blog/future-of-ekyc-in-compliance/" target="_blank" rel="noreferrer noopener">help keep you safe</a> from scams. Our staff are trained to spot signs of fraud and take action to prevent you from falling victim to this type of crime. If you’re concerned about a transaction you’ve made or are thinking about making, reach out to our customer service team for help answering any questions you might have.&nbsp;&nbsp;</p>



<p><strong>Ready to start sending money safely?</strong> <a href="https://www.riamoneytransfer.com/en-us/mobile-app/" target="_blank" rel="noreferrer noopener">Download the Ria Money Transfer app</a> for iOS and Android today!&nbsp;</p>



<div style="height:40px" aria-hidden="true" class="wp-block-spacer"></div>



<p class="has-small-font-size">For more info:&nbsp;<a href="mailto:comms@riamoneytransfer.com" target="_blank" rel="noreferrer noopener">comms@riamoneytransfer.com</a></p>


7 Money Transfer Scams and How to Avoid Them in 2024


<p>Vacations are all about relaxing and forgetting daily responsibilities, but letting your cyber guard down completely could result in consequences far worse than a ruined holiday. When you’re at home or in an office, you often benefit from having a robust internal network as an extra layer of protection. However, the very nature of travel lends itself to using devices like mobile phones and laptops in unfamiliar places, potentially exposing your data and personal information to malicious actors. Fortunately, some simple steps can dramatically reduce the risks posed by cyber criminals.</p>



<h2 class="wp-block-heading"><strong>Tip 1: Create Strong Passwords, Enable Multifactor Authentication and Update Your Software</strong></h2>



<p>Before travelling, be sure to strengthen your cybersecurity arsenal with robust <a href="https://www.riamoneytransfer.com/en/blog/how-to-stay-safe-online/">Passwords</a>. Regardless of whether your device is physically stolen or a hacker tries to access your personal data from afar, having strong passwords will make a big difference. They should be at least 12 characters long and contain a mixture of uppercase and lowercase letters, numbers and symbols. Where possible, <strong>enable </strong><a href="https://support.microsoft.com/en-gb/topic/what-is-multifactor-authentication-e5e39437-121c-be60-d123-eda06bddf661"><strong>multifactor authentication</strong></a>. Found in the security and policy settings of popular email and social media accounts, this two-step verification method will protect your devices even if cyber criminals know your password. &nbsp;</p>



<p>In addition to passwords, <strong>make sure all your devices are up to date with the latest software</strong>, especially anti-malware and anti-virus protection. Many people incorrectly assume that updates are simply routine improvements. Actually, system updates often address software vulnerabilities within a particular program or product by installing <a href="https://www.cisa.gov/news-events/news/understanding-patches-and-software-updates#:~:text=What%20are%20patches%3F,to%20provide%20enhanced%20security%20features.">patches</a>.</p>



<h2 class="wp-block-heading"><strong>Tip 2: Be Mindful of Public Wi-Fi Threats and use a VPN where possible</strong></h2>



<p>We often resort to public Wi-Fi networks when travelling but always keep in mind that you probably won’t enjoy the same level of protection that you are used to with private networks. One of the most common dangers is “evil twins”, fake public Wi-Fi networks with very similar names to the legitimate network connection. Connecting to these could result in your online activity being monitored by cyber criminals or allow viruses to plague your device. To avoid this pitfall, <strong>verify the correct Wi-Fi network with a nearby employee</strong>, preferably in written format.</p>



<p>Given the increased risk of public Wi-Fi networks, <strong>refrain from performing tasks that involve sensitive information</strong> such as financial data. If you need to access this information while travelling, <strong>use a virtual private network</strong>. A VPN acts as a private server that will encrypt your data and scramble sensitive information like passwords. Protecting you from <a href="https://www.enisa.europa.eu/topics/incident-response/glossary/man-in-the-middle">man-in-the-middle attacks</a>, VPNs also provide additional cybersecurity by funneling your data through a server with a different IP address, disguising your location.</p>



<h2 class="wp-block-heading"><strong>Tip 3: Stop Auto-Connecting and Location Sharing</strong></h2>



<p>Smartphones have become great devices for finding directions, storing photos, and sharing music, among many other functions. However, this also means that our smartphones automatically connect to many programs that are widely accessible, particularly to those within close proximity. <ins></ins></p>



<p>With that in mind, when travelling, remember to <strong>instruct all your apps and operating systems to stop auto-connecting and select “forget network” </strong>for any external networks that you’re connected to while you are traveling. For instance, many travelers connect their smartphones to rental cars using Bluetooth. This means that your information is stored on the vehicle’s system. So, be sure to delete any stored data and remove your appliance from the rental car’s paired device list.</p>



<p>Likewise, disable location services. Your location could help malicious actors track your movements and, over time, reveal patterns that could be exploited by <a href="https://www.riamoneytransfer.com/en/blog/how-to-spot-a-scam/">impersonating services</a> that you frequently use. In particular, travelers forget that apps can reveal their location. For example, you may want to download an app for a specific museum or tourist attraction, but pay close attention to what information you are sharing.</p>



<h2 class="wp-block-heading"><strong>Tip 4: Use Public Computers with Caution</strong></h2>



<p>Similar to public Wi-Fi networks, public computers are accessed by a wide range of individuals, increasing the potential cyber risk. Many internet cafes don’t invest in adequate cybersecurity measures, meaning that you may not enjoy the same level of protection that you’re used to. This precarious combination means that you should <strong>avoid looking at any sensitive financial information and be especially cautious when accessing your emails and social media accounts</strong>. <ins></ins></p>



<p>Cyber criminals could have installed malicious software on the computer. Keyloggers, for instance, are well-known malware programs that capture the keystrokes of computer users and send that information to the hacker’s email. Basic keyloggers can be beaten by simply using an on-screen keyboard, removing the keystroke element from the equation. <ins></ins></p>



<p>However, more sophisticated programs can also record on-screen movements, reinforcing the importance of establishing multifactor authentication for your emails and online accounts. After using a public computer, remember to log out from any personal accounts and delete both your cookies and browser history.</p>



<p><strong>For more information about cyber scams and other digital threats to keep your eye on, check out the&nbsp;</strong><a href="https://www.riamoneytransfer.com/en/blog/tech/"><strong>Tech</strong></a><strong>&nbsp;section of our blog.</strong><strong></strong></p>


Illustration of a person sitting cross-legged with a laptop on their lap. A speech bubble with a padlock and shield icon appears next to them, symbolizing security. The background features abstract shapes and foliage in shades of orange and grey.

4 Cybersecurity Tips to Keep Your Data Safe when Travelling


<p>Shopping, splitting a dinner bill with friends, and sending money to family are now easier than ever thanks to the convenience of a digital wallet. Also called an &#8220;e-wallet,&#8221; a digital wallet combines the traditional features of a credit or debit card with the benefits of an app.</p>



<p>Your account information is kept inside the &nbsp;digital wallet, usually in a secure app stored on your phone. This allows you to scan, swipe, or tap your phone to make a payment. Some e-wallets also allow you to transfer funds or send a digital payment to friends and family. But this raises the question: how does a digital wallet secure private information?</p>



<p>Let’s explore some key security features a digital wallet can include:</p>



<h2 class="wp-block-heading"><strong>Safety features of a digital wallet</strong></h2>



<p>While most people switch to digital wallets so that they can leave their plastic cards at home, this technology comes with some added security benefits. Many digital wallets offer:</p>



<h3 class="wp-block-heading"><strong>🔒 Encryption</strong></h3>



<p>Encryption technology locks data before sending so only an authorized user can unlock it. In other words, only those with the right encryption codes can access your payment when using a digital wallet to send money. This also prevents hackers from getting at the numbers stored in your app.</p>



<h3 class="wp-block-heading"><strong>📱Contactless payment</strong></h3>



<p>This feature makes paying at the counter for your coffee or movie tickets easy. It also reduces the need to carry a physical card around. With no card to drop or leave behind, you&#8217;re helping keep your data safe. Contactless payments don&#8217;t get &#8220;swiped.&#8221; Instead, this allows you to simply tap or wave your digital wallet above the card reader.</p>



<h3 class="wp-block-heading">🔍<strong> Fraud monitoring</strong></h3>



<p>Like your standard credit or debit cards, most digital wallets have at least some fraud protection or monitoring. If someone does happen to access your account, you may be notified — either through alerts you set up or by issuer of the wallet.</p>



<h3 class="wp-block-heading">👤 <strong>Enhanced login</strong></h3>



<p>It&#8217;s not enough to protect your accounts with passwords these days. When available, adding a personal identification number (PIN), two-factor authentication, and biometric authentication can help. These make hacking your account much more complex, thereby deterring hackers. If you don&#8217;t feel comfortable using facial recognition or fingerprint scanning, setting up two-factor authentication with a separate phone or email can help protect your account.</p>



<p>While digital wallets aren&#8217;t 100% safe, they do have extra layers of protection. You may find them safer than bringing your credit cards out in public.</p>



<h2 class="wp-block-heading"><strong>How to use digital wallets</strong></h2>



<p>Using a digital wallet is easy once you set it up. There are two types of wallets:</p>



<ul class="wp-block-list">
<li><strong>Single-use wallets</strong>: These include apps where you can only store gift cards for that particular retailer. You may be able to link a credit or debit card, but the wallet is designed to help you shop safely at that retailer through their app. With single-use, you can&#8217;t use the wallet to shop at other stores.</li>



<li><strong>Multi-use wallets</strong>: Multi-use wallets connect any number of credit or debit cards, banking accounts, and even ticket companies. You can access any linked financial account through the app. These may allow you to send money, make purchases directly from your phone, or monitor your accounts all in one place.</li>
</ul>



<p>Choose a digital wallet based on how you plan to use it (it&#8217;s important to understand <a href="https://www.riamoneytransfer.com/en/blog/digital-wallet-vs-bank-account-whats-the-difference/">the differences in a digital wallet vs. a bank account</a>). If you plan on sending money to family overseas, you&#8217;ll want one that handles wire transfers or bank payments. Many apps on the market may do this, but only for select countries. You&#8217;ll need to be sure that both you and the recipient can access the app or the accounts connected to them.</p>



<p><strong><em>Helpful tip:</em></strong><em> Look for fees the digital wallets may charge for sending or receiving money. It’s important to know that some charge differently for payments to friends and family versus when making a purchase.</em></p>



<p>Another option is to send directly to someone&#8217;s digital wallet from your bank account or card with services like <a href="https://www.riamoneytransfer.com/en-us/">Ria </a><a href="https://www.riamoneytransfer.com/en/blog/4-reasons-to-choose-ria-money-transfer/">Money</a><a href="https://www.riamoneytransfer.com/en-us/"> Transfer</a>, a convenient option for international money transfers. We’ve even launched the <a href="https://www.riamoneytransfer.com/en-my/ria-ewallet/">Ria eWallet</a> for use in Malaysia!</p>



<h2 class="wp-block-heading"><strong>Digital wallet safety tips</strong></h2>



<p>Once you&#8217;ve set up your wallet, consider these methods for keeping your money safe:</p>



<ul class="wp-block-list">
<li>Use strong passwords that you don&#8217;t use anywhere else.</li>



<li>Set up two-factor authentication.</li>



<li>Update your digital wallet app regularly.</li>



<li>Don&#8217;t send money from your app on unsecured public Wi-Fi.</li>



<li>Check your account activity regularly and look for unauthorized transactions.</li>



<li>Only use reputable money transfer services to send money to friends and family.</li>
</ul>



<h2 class="wp-block-heading"><strong>Secure payments on the go</strong></h2>



<p>Consumers are increasingly ditching plastic cards for more convenient digital wallets, and today&#8217;s smartphones make it easy to get started. Being smart about how you use your digital wallet can protect your accounts and help you make purchases or receive money on the go.</p>



<p>You can use the Ria app or website to send money to a loved one&#8217;s digital wallet — <a href="https://www.riamoneytransfer.com/en-us/">get started today!</a></p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<p><em>The information on or through this site is provided for general informational purposes only and should not be relied on as a substitute for specific advice about laws, regulations, taxes, finances, immigration or travel. For specific advice, contact a licensed attorney, financial advisor or other professional.&nbsp;</em></p>



<p><em>We disclaim all liability and responsibility arising from any reliance placed on this site. We do not warrant the accuracy or usefulness of this information. This site may contain links to other sites and information provided by third parties for your convenience. We do not endorse nor make any guarantees with respect to these sites, their accessibility, the information they contain or the way they treat any information you provide to them.</em></p>


Top Security Features of a Digital Wallet


<p>Just about everyone seems to be using a digital wallet today. In fact, almost 9 out of 10 people in the U.S. use some form of digital wallet according to a <a href="https://www.mckinsey.com/industries/financial-services/our-insights/banking-matters/consumer-trends-in-digital-payments">2022 McKinsey’s consumer survey</a>. </p>



<p>But is a digital wallet considered a bank account? While some similarities exist, there are also some key differences. Here’s everything you need to know about a digital wallet vs. a bank account:</p>



<h2 class="wp-block-heading">What is a digital wallet? </h2>



<p>A digital or&nbsp;<a href="https://www.riamoneytransfer.com/en/blog/what-is-mobile-wallet/">mobile wallet</a>&nbsp;is a financial application you can use online or via mobile devices to store payment information in the cloud. Digital wallet apps work with online purchases, money transfers, gift cards, and document storage.</p>



<p>With a digital wallet, there’s no need to carry cash or bank cards. You can simply open your digital wallet on a cellphone and tap to purchase items in seconds.&nbsp;</p>



<p>A few examples of digital wallets include Apple Pay, Google Pay and PayPal. </p>



<h2 class="wp-block-heading">So, is a digital wallet a bank account?</h2>



<p>Not exactly. Both offer quick and convenient ways to pay for things, but some subtle differences exist.&nbsp;</p>



<p>Digital wallet apps are primarily used to store money and payment information, whereas banks allow you to manage more financial information across your accounts.</p>



<p>On the other hand, bank accounts and mobile banking apps allow you to do more with your money. You can often check account balances, pay bills, deposit checks,&nbsp;<a href="https://www.riamoneytransfer.com/en/blog/bank-transfers-how-to-get-the-most-out-of-your-bank-deposit/">transfer money</a>, and manage savings accounts.</p>



<h2 class="wp-block-heading">Pros of using a digital wallet </h2>



<h3 class="wp-block-heading">Convenience</h3>



<p>One of the biggest pros of using a digital wallet is that you can leave your cash and cards at home and still pay for things while you’re away from home — whether it’s gas, groceries, or restaurant meals.&nbsp;</p>



<h3 class="wp-block-heading">Expense tracking</h3>



<p>While you can do this with a bank as well, digital wallets can offer a fast way to track expenses. You can see what you’re spending in just a few taps in the app.&nbsp;</p>



<h3 class="wp-block-heading">Data security</h3>



<p>Digital wallets are encrypted to protect your financial information. You typically have to use a password or biometric authentication like a fingerprint to use a digital wallet. That means that even if your phone is stolen, your money is safe — unlike if someone steals your wallet.&nbsp;</p>



<h2 class="wp-block-heading">Cons of using a digital wallet </h2>



<h3 class="wp-block-heading">Requires a mobile device</h3>



<p>There are many reasons requiring a mobile device could be inconvenient, including if you lose your phone, forget to charge it, or don’t own one. The last thing you want while away from home is to rely on your phone to make payments when it’s low on battery.&nbsp;</p>



<h3 class="wp-block-heading">Limited acceptance</h3>



<p>Digital wallets are becoming increasingly popular as a payment method. Even still, not every merchant accepts them! If you visit a store that doesn’t accept contactless payments through a digital wallet and you’ve left your physical wallet at home, this could also cause a problem.</p>



<p>Merchants may not accept digital wallet purchases because it’s a bigger investment to get the right hardware and software to accept them. This adds to their operating costs, which may not be feasible for small businesses.</p>



<h3 class="wp-block-heading">Limitations when using or sending money abroad</h3>



<p>Some digital wallets are limited when it comes to handling multiple currencies or international transfers. In that case, you can use an international money transfer service like Ria Money Transfer!&nbsp;</p>



<h3 class="wp-block-heading">Send money abroad with Ria Money Transfer</h3>



<p>At Ria,&nbsp;<a href="https://www.riamoneytransfer.com/en/blog/why-send-with-ria-money-transfer/">we make international money transfers easy</a>&nbsp;and cost-effective to send online, through our app, or in-person. Ria customers can send money directly to more than 480 million mobile wallet users across 39 countries. We also offer&nbsp;<a href="https://help.riamoneytransfer.com/hc/en-us/articles/6887602879889-The-Ria-eWallet-everything-you-need-to-know">the Ria eWallet in Malaysia</a>&nbsp;for a convenient way to manage and send money.</p>



<p>Join millions of people in using Ria Money Transfer with low fees and great exchange rates. <a href="https://www.riamoneytransfer.com/en-us/">Start sending money using our online currency calculator or app today!</a></p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<p><em>The information on or through this site is provided for general informational purposes only and should not be relied on as a substitute for specific advice about laws, regulations, taxes, finances, immigration or travel. For specific advice, contact a licensed attorney, financial advisor or other professional.&nbsp;</em></p>



<p><em>We disclaim all liability and responsibility arising from any reliance placed on this site. We do not warrant the accuracy or usefulness of this information. This site may contain links to other sites and information provided by third parties for your convenience. We do not endorse nor make any guarantees with respect to these sites, their accessibility, the information they contain or the way they treat any information you provide to them.</em></p>


personne comparant un portefeuille numérique à un compte bancaire

Digital Wallet vs. Bank Account: What’s the Difference?


<p>From handling unexpected bills to keeping track of expenses, managing our personal finances is far from straightforward. To start with, <a href="https://www.riamoneytransfer.com/en/blog/save-money-on-tight-budget/" target="_blank" rel="noreferrer noopener">creating a workable budget</a> is very time-consuming and it involves a lot of complex sums. Then, once in place, there’s the mental anguish every time life throws up something unexpected that knocks us off our stride.</p>



<p>With these complications in mind, people are increasingly <a href="https://www.riamoneytransfer.com/en/blog/5-ways-your-smartphone-can-improve-your-finances/" target="_blank" rel="noreferrer noopener">turning to AI-powered apps to manage their finances</a> more efficiently. This is especially true for younger generations with<strong> </strong><a href="https://www.zdnet.com/finance/banking/how-ai-is-helping-gen-z-manage-their-money/" target="_blank" rel="noreferrer noopener">one in five Gen Z adults</a> currently using AI-automated savings tools.  </p>



<p>So, why are so many people turning to AI-enhanced apps to manage their finances? And how exactly does artificial intelligence and machine learning help people meet their financial goals?&nbsp;</p>



<h2 class="wp-block-heading">How AI can help us save money</h2>



<p>“The art is not in making money, but in keeping it” goes the famous proverb. Fortunately, <a href="https://www.riamoneytransfer.com/en/blog/ai-bottom-up-turing-test/" target="_blank" rel="noreferrer noopener">AI</a> algorithms are aware of our difficulties in setting aside funds for long-term goals and they have lots of intelligent solutions to help us keep more of our income. &nbsp;</p>



<p>For instance, many banking <strong>apps can automatically move a percentage of</strong><strong> </strong><strong>an individual’s</strong><strong> </strong><strong>earnings </strong><strong>and place it </strong><strong>directly into </strong><strong>a</strong><strong> savings account</strong>, removing the instant temptation of going on a spending spree. Users simply set the amount they wish to save and select a specific date for the money to be withdrawn and the app will automatically complete the transfer every month. &nbsp;</p>



<h2 class="wp-block-heading">AI, apps and our spending </h2>



<p>Some apps go even further and <strong>can separate </strong><strong>users’</strong><strong> transactions into categories such as groceries</strong><strong>, </strong><strong>entertainment,</strong><strong> or utilities</strong> based on transaction descriptions and the names of the companies to which the payments were made, providing users with a more accurate picture of where their money is going without them having to sift through an entire month’s worth of transactions.&nbsp;</p>



<p>Over time, the machine learning algorithms that power these apps will also help the tool better understand both our preferences and spending patterns, helping us spot potential savings. &nbsp;</p>



<h2 class="wp-block-heading">How AI tools can help us plan our finances </h2>



<p>Once AI-enhanced tools have an accurate picture of our spending habits, they can do far more than simply suggest savings – they can <strong>generate</strong><strong> budgets</strong><strong> that are</strong><strong> tailored to meet </strong><strong>future</strong><strong> </strong><strong>aspirations</strong> like retirement or specific family needs. Using historical data and current income, AI forecasts likely future scenarios, helping us make better-informed financial choices and plan accordingly. &nbsp;</p>



<p>However, as we all know, the hardest part of a budget is having the willpower to stick to it. Here, AI can also help keep us on track with timely reminders and prompts. Constant monitoring of&nbsp;financial activity <a href="https://www.riamoneytransfer.com/en/blog/advanced-tech-customer-service/" target="_blank" rel="noreferrer noopener">allows&nbsp;chatbots to communicate with users immediately</a> after purchases. For instance, a message might say “purchasing [said item] has pushed your long-term savings goal back 3 months”, helping users stick to their budgets and avoid unnecessary spending. &nbsp;</p>



<h2 class="wp-block-heading">AI, data analysis and insights in real-time  </h2>



<p>Without question, one of the key advantages of AI is its unparalleled ability to analyze seemingly endless amounts of data, identify patterns and make recommendations to users in real-time. Here, chatbots can also make a big difference by sending alerts not only about excessive spending but also potential opportunities. For instance, many AI-powered apps use real-time performance data to provide options to invest tax refunds. &nbsp;&nbsp;</p>



<p>Equally, some apps can also provide additional information to help improve decision-making and overall financial health. <strong>Chatbots </strong><strong>are capable of responding</strong><strong> to queries on a whole range of financial topics</strong> and can provide users with up-to-date information regarding price rises, factors that influence credit scores and more. Better still, thanks to <a href="https://www.ibm.com/topics/natural-language-processing" target="_blank" rel="noreferrer noopener">Natural Language Processing</a>, chatbots learn from previous interactions with humans, resulting in better responses and a user-friendly experience.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>



<h2 class="wp-block-heading"><strong>Security: How AI keeps bad actors in check</strong> </h2>



<p>Another benefit of AI tools being able to analyze so much data in real-time is improved financial security. Combined with biometric authentication, speech recognition and the existing knowledge of a user’s spending patterns, <strong>AI is capable of flagging irregular and potentially fraudulent activity in real-time</strong>, helping to keep bad actors in check. This intimate knowledge of users’ spending patterns has also <a href="https://emerj.com/ai-sector-overviews/artificial-intelligence-fraud-banking/" target="_blank" rel="noreferrer noopener">helped to reduce the number of inaccurate security alerts</a>. &nbsp;</p>



<p>Of course, AI<strong> </strong>has a whole host of benefits beyond enhancing security and helping us manage our personal finances. AI has transformed entire industries by automating repetitive tasks and assisting employees with valuable customer insights. </p>



<p>Find out more about how AI is transforming financial services and customer experiences in the <a href="https://www.riamoneytransfer.com/en/blog/tech/" target="_blank" rel="noreferrer noopener">Tech section</a> of our blog. </p>



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<p class="has-small-font-size">For more info: <a href="mailto:comms@riamoneytransfer.com">comms@riamoneytransfer.com</a></p>


A futuristic illustration featuring two robots interacting. One is human-like, the other resembles a small, wide machine. Around them are icons of digital wallets, AI systems, currencies (€, $, ¥), mobile devices, and a vault, indicating themes of finance and technology.