PayPal's Xoom to launch domestic money transfers with Walmart and Ria

https://www.mobilepaymentstoday.com/news/paypals-xoom-to-launch-domestic-money-transfers-with-walmart-and-ria/
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PayPal's Xoom to launch domestic money transfers with Walmart and Ria

Xoom, the international money transfer service from PayPal, announced its U.S. domestic rollout with strategic alliances with Walmart and Ria, which will let customers send funds from nearly 5,000 locations in the U.S.

Customers using Xoom’s website or mobile app can now send money that will be available for pickup at any of Walmart’s 4,684 stores or Ria’s 175  locations in the U.S.

“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,” Julian King, vice president and general manager at Xoom, said in a company release. “The rollout reinforces our commitment to make money transfers fast, easy and affordable for everyone whether they are at home or on the go.”

Xoom said the services could benefit the nearly 44 million foreign-born people in the U.S. who send money transfers to their family and friends in their home countries.

The agreement comes just one week after Walmart agreed to add Ria, a subsdiary of Euronet Worldwide, for its money transfer program, while also extending a deal with MoneyGram. 

Cover image: PayPal.


Topics: Mobile Apps, Money Transfer / P2P, Retail

Companies: Euronet Worldwide, Inc., PayPal, Walmart


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https://www.mobilepaymentstoday.com/news/paypals-xoom-to-launch-domestic-money-transfers-with-walmart-and-ria/