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.
Using Ripple's enterprise blockchain solutions, Standard Chartered has completed its first real-time cross-border payment for businesses with another major correspondent bank.
Digital payments giant ACI Worldwide is teaming up with VocaLink for real-time payments infrastructure.
Fresh from its $4.5bn IPO, Nordic payments processor Nets has picked Spire as its partner to help with the physical roll out of mobile payments for Dankort customers.
It seems laptops are about to catch the biometric fever as PayPal, Intel, Lenovo and Synaptics are collaborating to introduce FIDO-enabled embedded fingerprint solution to PCs.