After recently launching instant money transfer to Nigeria, PayPal’s digital money transfer firm Xoom today announced it soon will have expanded into 13 more countries giving it an expansive global reach in total 53 countries.
The new countries in Africa include Ghana and Kenya making it possible for 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 Ghana and Nigeria.
“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 by providing seamless, secure options for loved ones to send friends and family money for things like utility bills, education and healthcare costs and more. ]
The two continue to be committed to making the management and movement of money better, easier and more affordable for people across the world.