Xoom Rolls Out Domestic Money Transfer Services in the U.S.
Xoom's services potentially benefit more than 44 million foreign-born people in the U.S.1 who send remittances to family and friends in their home countries. With the introduction of domestic money transfer services, Xoom will now serve even more customers, including more than half of Americans who make domestic person-to-person (P2P) payments2. Using Xoom's mobile app or website, consumers will have the ability to send money quickly and securely for cash pick-up at any
"Many of our customers in the U.S. already send money to loved ones in the country, and they usually prefer that the money is available right away," shared
"At Ria, we are delighted to further consolidate our relationship with Xoom and
Many consumers in the U.S. face personal, institutional and policy-related barriers to access the financial system. These underbanked consumers rely heavily on fringe financial service providers to conduct routine financial transactions and pay high fees in the process. With Xoom's introduction of domestic transfers, Americans can send money at affordable rates for cash pick-up quickly at 4,684
A pioneer in digital remittances, Xoom is a fast way to securely send money, pay bills and reload phones for loved ones in over 160 countries globally. These remittances serve as a lifeline for many people around the world and are used to pay for every day needs like utility bills, healthcare, and education costs, as well as emergencies. The largely cash-based system of sending money across borders is full of paperwork, high fees, standing in line and an ever-present uncertainty of when, and if, the money will arrive when it's needed. By providing fast and more secure payment options for customers to seamlessly and securely send money across borders by going online or using a mobile device,
*Fees and Limitations apply
About Ria Money Transfer
Ria, a subsidiary of
For more information visit www.corporate.riafinancial.com.
1 According to the 2018
2 According to data from a 2017 Aité Group survey of 1,974 U.S. consumers about their person-to-person (P2P) payments behavior.
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