Xoom’s Debit Card Deposit feature is now “available in the following 25 markets: Bosnia and Herzegovina, Bulgaria, Costa Rica, Croatia, Czech Republic, Great Britain, Greece, Guatemala, Hungary, Indonesia, Israel, Italy, Jamaica, Lithuania, Malaysia, Pakistan, Philippines, Romania, Singapore, Slovakia, Spain, Sri Lanka, Thailand, Ukraine, and Vietnam.
Through this extended collaboration between Visa and PayPal, Xoom’s Debit Card Deposit will enhance cross-border money movement with the real-time2 payment capabilities offered through Visa Direct.”
“There’s an ever-increasing need for digital solutions that help remove barriers for those looking to send money to friends and family across borders. Yanilsa Gonzalez-Ore, Senior Vice President and Head of Visa Direct North America, remarked: This expansion, through our partnership with Visa, will help more customers around the world get a fast and convenient way to access necessary funds needed for everyday essentials.” “We know that getting funds quickly and easily is important for many of our customers, which is especially true around the winter months and the holidays when people are sending money to their friends and family around the globe. Wei-Lin Lee, Vice President of Remittances, PayPal, said: With the Xoom Debit Card Deposit functionality, recipients have “access to use those funds typically within minutes however they need, such as paying bills or buying groceries, through their eligible debit card.” Wire transfers are “a common method of sending bank remittances, however, these can take up to five business days or longer, especially cross-border.”
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