Investing.com
Published Apr 04, 2024 09:38
Xoom users will pay no transaction fees when using PayPal (NASDAQ:PYPL) USD to fund eligible transfers to friends and family abroad
Xoom's new option comes at a time when consumers are seeking cost-effective options for cross-border payments. According to the World Bank's Q3 2023 report, the global average cost of sending
By introducing the option to fund cross-border money transfers with USD converted from PYUSD, Xoom now offers an easy and reliable way for
"When we decided to bring PayPal USD to market, we had two objectives we wanted to achieve: create something that had a stable value to maximize user confidence and ensure it had utility for commerce and payments," said
How to Fund Xoom Transactions using PYUSD
Transactions that are not completed in USD are subject to a transaction exchange rate, which includes a currency conversion spread.
A pioneer in digital remittances, Xoom is a fast and easy way to send money, pay bills and reload phones for friends and family in approximately 160 countries globally. With Xoom, customers can access a fast and reliable way to send money, by simply downloading the Xoom or PayPal mobile app, or visiting Xoom.com or PayPal.com.
About PayPal
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com/ and https://investor.pypl.com/.
PayPal, Inc. is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Buying, selling, transferring, and holding cryptocurrency with PayPal is not available in
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Written By: Investing.com
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