BankingBusiness

Xoom: Opens remittance corridor to Africa

  • Xoom, PayPal’s money transfer service, announced that the company’s customers in the US send secure and convenient money transfers
  • This new service expands the company’s offering to send money to mobile wallets in Burundi, Cameroon, Ghana, Kenya
  • Mobile money services deployed rapidly across emerging markets as a key tool to further the goal of financial inclusion
  • Financial inclusion instrumental in lifting the undeserved population out of poverty—and for driving economic growth
  • This new service expands Xoom’s offerings in Africa as the current service already enables money transfers for cash pick-up
  • Xoom a fast and secure way to send money, pay bills, and reload phones for loved ones in over 160 countries globally
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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