- Xoom announced that customers in the US, UK, Canada and Europe can now send secure and convenient money transfers directly to mobile wallets
- Mobile money services are being 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, direct banks deposits
- The cost of sending money through traditional channels to Africa one of the most expensive in the world, with an average cost of 9.3 percent
- A pioneer in digital remittances, Xoom a fast and secure way to send money, pay bills and reload phones for loved ones in over 160 countries globally
