Xoom Partners with Ria Money Transfer to Accelerate Global Expansion in 86 Countries
August 28 2018 - 12:00PM
Business Wire
PayPal’s international remittance provider to
serve over 130 countries globally through new collaboration
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.
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Countries where Xoom offers service
across the globe. (Graphic: Business Wire)
“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.
To send money internationally in a few simple steps, download
Xoom’s mobile app on Android and iOS or go to xoom.com.
About PayPal
Fueled by a fundamental belief that having access to financial
services creates opportunity, PayPal (NASDAQ: PYPL) is committed to
democratizing financial services and empowering people and
businesses to join and thrive in the global economy. Our open
digital payments platform gives PayPal’s 244 million active account
holders the confidence to connect and transact in new and powerful
ways, whether they are online, on a mobile device, in an app, or in
person. Through a combination of technological innovation and
strategic partnerships, PayPal creates better ways to manage and
move money, and offers choice and flexibility when sending
payments, paying or getting paid. Available in more than 200
markets around the world, the PayPal platform, including Braintree,
Venmo and Xoom, enables consumers and merchants to receive money in
more than 100 currencies, withdraw funds in 56 currencies and hold
balances in their PayPal accounts in 25 currencies. For more
information on PayPal, visit https://www.paypal.com/about. For
PayPal financial information, visit
https://investor.paypal-corp.com.
About Ria
Ria, a subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT), is
a global leader in money remittances. Ria offers fast, secure,
affordable money transfers through a network of approximately
355,000 global agents spanning 150 countries and online at
www.riamoneytransfer.com. The company is steadfast in its
commitment to its customers and remains ingrained within the
communities in which they live. For more information visit
www.corporate.riafinancial.com.
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PayPalErin Mackey, 908-295-9083emackey@paypal.com
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