Xoom, an international money transfer service created by PayPal, announced on Tuesday it has formed a partnership with Ria, a Euronet Worldwide subsidiary and global money remittances firm, to offer Xoom customers cash pick-up service at more than 150,000 of Ria’s international network locations.
Xoom reported that the partnership will increase its presence in Eastern Europe, as well as Africa. Customers in the U.S. may now send money to 70% of the countries around the world through Xoom’s online platform or mobile app. Julian King, Xoom’s Vice President and General Manager, stated:
“With this expansion, Xoom now offers service to over 130 countries globally, including many countries that have limited access to digital remittance services. These customers now have a fast, secure, reliable and convenient way to send money to loved ones around the world.”
Juan Bianchi, President and CEO of Ria, also commented that the partnership with Xoom is considered a “great example” of Euronet’s mission to help fintech and payment companies enhance their value proposition and accelerate their speed to market in our fast-paced industry.
Established in 2001 and acquired by PayPal in 2015, Xoom is described as a fast and secure way to send money, pay bills and reload phones for loved ones in more than 130 countries globally.
“Our mission is to deliver the fastest, most transparent, and pro-consumer digital money services available across our mobile, tablet and computer platforms.”