Xoom, PayPal’s international money transfer service, announced on Tuesday it has rolled out its domestic money transfer service in the U.S. Xoom reported that through its collaboration with Walmart and Ria, U.S. citizens may now use its services to send money for cash pick-up typically within minutes to nearly 5,000 locations.
“Xoom’s services potentially benefit more than 44 million foreign-born people in the U.S. who send remittances to family and friends in their home countries. With the introduction of domestic money transfer services, Xoom will now serve even more customers, including more than half of Americans who make domestic person-to-person (P2P) payments.”
Xoom also noted that by using its mobile app or website, consumers will have the ability to send money quickly and securely for cash pick-up at any Walmart or Ria-owned store in the U.S. While sharing more details about the service, Julian King, Xoom’s Vice President and General Manager, stated:
“Many of our customers in the U.S. already send money to loved ones in the country, and they usually prefer that the money is available right away. This rollout reinforces our commitment to make money transfers fast, easy and affordable for everyone, whether they are at home or on-the-go.”
Juan Bianchi, CEO of Euronet’s Money Transfer Segment, went on to add;
“At Ria, we are delighted to further consolidate our relationship with Xoom and Walmart. Our continued partnership is a fine example of how Ria’s technology can serve as an enabler between platforms, offering consumers and partners an added layer of security and compliance screening, in turn facilitating value creation within the Fintech ecosystem.”