PayPal flexes muscle in $600bn remittance market
PayPal is flexing its muscle in the online remittance space through its Xoom acquisition, looking to take a bigger share of the money transfer industry as it increasingly heads online.
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Xoom expands across Europe into Greece
The digital money transfer provider has expanded its services across Europe to countries such as Greece, Austria, Belgium and Portugal.
PayPal is paying how much for Xoom?
Paypal has entered into a definitive agreement to acquire money transfer provider Xoom for $890m.
Xoom expands instant money transfer service to China
Digital money transfer provider Xoom is now allowing users to send money to China with a new instant bank deposit service.
Xoom adds Touch ID to mobile money transfer app
Online money transfer company Xoom is incorporating Apple’s Touch ID technology into their own money transfer app.
Xoom streamlines cross-border bill payments
Digital money transfer provider Xoom Corporation has launched a new platform allowing US-based earners to pay bills online on behalf of family members and loved ones in developing markets.
Xoom announces instant overseas remittance facility to India
Xoom Corporation has partnered with Punjab National Bank (PNB), to roll out instant bank deposit services to bank accounts in India using the IMPS (Immediate Payment Service) platform.
Xoom upgrades mobile money transfer app
Xoom has announced a major upgrade to the Xoom App that will enable Xoom customers to sign up and send money from their mobile devices to friends and family members.
Banco Popular Dominicano joins Xoom for money transfers to the Dominican Republic
Xoom Corporation has announced that Banco Popular Dominicano is offering Xoom's fast deposit services to the bank's checking and savings accounts in less than 15 minutes to the Dominican Republic.
Xoom launches instant deposit service to HDFC Bank accounts in India
Xoom has announced a partnership with HDFC Bank, by offering instant deposits to INR denominated HDFC Bank accounts in India.
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