Paypal launches Xoom – fast, secure money remittance service

Paypal launches Xoom – fast, secure money remittance service

TORONTO–Today, PayPal launched Xoom, its international money transfer service in Canada. Canadian immigrants can now use Xoom to quickly and securely send money, pay bills and reload phones fast for loved ones living in more than 130 countries globally, including the Philippines. To send money abroad in a few simple steps, download Xoom’s mobile app on Android and iOS or go to Xoom.com. Canadian immigrant families remit nearly $24 billion annually to support family and friends back home.

l Manager. “Bringing Xoom’s digital remittance services to Canada will help eliminate these inconveniences so it’s fast and easy for Canadians to send bank deposits, reload prepaid phones and pay bills to support loved ones back home.”
Canada is one of the world’s most diverse countries and is home to more than 7.5 million foreign-born people from more than 200 places of birth. Introducing PayPal’s Xoom will benefit more than one in five people living in Canada – many of whom support family members overseas for things like medical bills, education, utility bills and other financial needs.

Filipino-Canadians now have many options to take care of their family back home with Xoom. Cash pickup is available 24/7 at over 10,000 locations in the Philippines—where cash is usually available instantly. Xoom also offers a door-to-door delivery service with no additional fees and delivery times under six hours to Metro Manila when sent before 3:00 p.m. (Metro Manila time) and one to two days in most provinces.

Cost-effective digital money transfer services for a global market

Canadians can now send up to $12,500 CAD in a single transaction to the Philippines. For send money transactions, depending on the receiver country, users can choose from a range of options: deposit money to a bank account, send cash for pick-up or have cash delivered directly to their recipient’s door.

(PRESS RELEASE)