Xoom expands US domestic transfer services to debit cards and bank accounts

Friday 20 November 2020 10:17 CET | News

Xoom, a PayPal service, has announced an expansion of its domestic money transfer services in the US, allowing customers to send money directly to a US bank account or debit card.

With this new functionality, users will be able to send contactless money transfers using just the Xoom mobile app or website. This new service comes at a crucial time as COVID-19 continues to cause financial hardship for many across the country, and consumers are increasingly turning towards digital payments as a way to send money to support loved ones and those in their network in need.

As a result of this shift, Xoom has seen a 600% increase in new customers using Xoom to provide financial support for people across the globe during the second quarter of 2020, according to the official press release.

With just their recipient’s debit card or bank account number, customers can send money and recipients can receive funds without needing to sign-up for an account with Xoom or PayPal, or fill out any forms, the release adds. In addition to these new domestic services, Xoom also continues to offer money transfers for cash pickup typically in minutes at Walmart and Ria locations across the country, and mobile reload for US pre-paid mobile phones.

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Keywords: Xoom, money transfers, debit card, PayPal, US, digital transactions, funds, pre paid mobile phones, cash pickup
Categories: Banking & Fintech
Countries: United States
This article is part of category

Banking & Fintech