Xoom money transfer service, owned by PayPal has collaborated with Euronet Worldwide subsidiary Ria Money Transfer to bolster its global footprint.
The collaboration will provide Xoom customers cash pick-up service at around 150,000 of Ria’s international network locations.
Furthermore, following the agreement, Xoom’s US customers can send money through their smartphones to various countries in Eastern Europe and Africa. This increases the total tally to nearly 130 nations across the globe.
Xoom vice-president and general manager Julian King said: “Partnering with Ria allows us to grow our global footprint and significantly expand our services in the African diaspora and across Eastern Europe. It’s a tremendous landmark for Xoom.
“With this expansion, Xoom now offers service to over 130 countries globally. This includes 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.”
Xoom was acquired by PayPal in 2015. The money transfer service enables users to send money, pay bills and recharge phones of family and friends.
Ria president and CEO Juan Bianchi said: “Ria has developed an extensive physical network and a best-in-class compliance programme and cutting-edge technology.
“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.”