Xoom, PayPal’s international money transfer service, today announced a partnership with Ria, a subsidiary of Euronet Worldwide and a global leader in money remittances, to offer Xoom customers cash pick-up service at more than 150,000 of Ria’s international network locations.
Through this partnership, Xoom is significantly increasing its presence in Eastern Europe and Africa, so customers in the United States can now send money to 70% of countries around the world by simply going online or using a mobile phone.
“Partnering with Ria allows us to grow our global footprint and significantly expand our services in the African diaspora and across Eastern Europe, which is a tremendous landmark for Xoom,” said Julian King, Xoom’s Vice President and General Manager. “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.”
“Ria has developed an extensive physical network and a best-in-class compliance program and cutting-edge technology,” added Juan Bianchi, President and CEO of Ria. “Ria’s partnership with Xoom is another great example of how Euronet’s core assets can help other 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 a fast and secure way to send money, pay bills and reload phones for loved ones in more than 130 countries globally. These remittances serve as a lifeline for many people around the world and are used to pay for things like utility bills, healthcare, education costs and emergencies. By providing fast and secure payment options for customers to seamlessly send money across borders by going online or using a mobile device, PayPal and Xoom are helping to expand and improve the financial health of millions of people worldwide.