Xoom expands LATAM money transfer services

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Xoom is collaborating with Banco Agricola to offer instant digital deposits and cash pickup services to the El Salvador bank’s customers.

Money transfer customers will be able to pick up cash from more than 80 Bank Agricola locations throughout the Latin American country.

“Through our collaboration with Banco Agricola, customers can rest assured that their loved ones can receive money without waiting or having to be mindful of cut-off times,” said Julian King, Xoom’s senior vice president of marketing and coprporate development. “Xoom customers can send 24 hours a day, seven days a week, every day of the year from their computer, mobile phone, or tablet.”

During the 12 months ended December 31, 2014, Xoom reported that the company’s 1.2 million active customers sent approximately $6.9 billion in money transfers.

Xoom also partnered with Habib Bank Limited last week to allow its customers to send instant money transfers to Habib Bank accounts in Pakistan.

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