Originally Ria Money Transfer was servicing Latin American diaspora in the U.S. (hence the name). RIA was founded in 1987 and it is today is one of the largest money transfer company in the world, with a global agent network. Payment of transfers. Payment is made in cash in U.S. dollars, but you can get transfer also in Euro. Conversion of funds will then be made at the bank rate at the date of receipt of the transfer. In 2012 RIA launches www.riamoneytransfer.com allowing consumers to send money transfers online from the US and opens its hub in Santiago de Chile. Rates RIA Money Transfer. Cost of service is 2%-3% from the transfer amount.