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Remittance: Xoom, Ria partner on cash pickup service

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Xoom, the international money transfer service of PayPal, has partnered with Ria, a subsidiary of IAD and transaction processing provider Euronet Worldwide, to offer cash pick-up service to Xoom customers at more than 150,000 Ria network locations across the globe.

 

According to a press release, the partnership will significantly increase the presence of Xoom in Eastern Europe and Africa. Xoom users in the US will now be able to send money — either online or via mobile — to recipients in 70 percent of countries around the world.
“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,” Xoom Vice President and General Manager Julian King said in the release.

 

“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,” he added.

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