Xoom Expands to More Than a Dozen Countries

Xoom, a leading digital money transfer provider, today announced it soon will have expanded into 13 more countries since the beginning of 2016. This development marks Xoom’s expansive global reach in total 53 countries. New receive countries include Cyprus, Estonia, Finland, Ghana, Haiti, Kenya, Nepal, Nigeria, Lithuania, Luxembourg, Malta, Slovakia and Slovenia.

With this expansion, Xoom users will be able to send money from the U.S. to M-Pesa™ accounts in Kenya, in addition to services like cash pick-up and mobile reload in Haiti and Nepal, and bank deposits in Cyprus, Estonia, Finland, Ghana, Nepal, Nigeria, Lithuania, Luxembourg, Malta, Slovakia and Slovenia. We are working with some of the world’s leading financial services and mobile wallets including Barclays in Europe, C.A.M. and UniTransfer in Haiti, Bank of Everest in Nepal, and M-Pesa in Kenya to make our services available in these countries.

“Remittances are a significant contributor to the economic development of many countries. In markets such as Nepal, remittances represent as much as 25 percent of the country’s GDP,” said John Kunze, vice president at Xoom. “When Xoom enters a market, we have a history of using technology to help bring remittances costs down, improve customer service and increase the speed and convenience of money transfers. This geographic expansion speaks volumes to the appetite people across the world have for better remittance options.”

Together, PayPal and Xoom are helping to expand and improve financial participation and financial health for billions of people worldwide. We’re providing seamless, secure options for loved ones to send friends and family money for things like utility bills, education and healthcare costs and more. We continue to be committed to making the management and movement of money better, easier and more affordable for people across the world.