Xoom launches text update service for money transfer users in the Philippines

Tuesday 15 October 2013 10:46 CET | News

Xoom Corporation, a US-based digital money transfer provider, has launched a text update service to money transfer recipients in the Philippines so they are notified when their money is available.

With Xooms tracking service, the sender no longer has to relay the transaction number and alert the recipient that money is available to them.

Xoom is a company focused on providing money transfer services for smartphone, tablet or computer users. During the 12 month period ended June 30, 2013, Xooms 915,000 active customers sent more than USD 4.3 billion to family and friends in 30 countries.

In March 2013, Xoom launched POWR, or Pay Only When Received, an initiative that gives customers assurance that Xoom will not withdraw money from their bank accounts until the money is received by their loved ones.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Xoom, text update service, money transfer, Philippines, US
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce