Whether you send the money via a bank account, debit card or credit card.įees depend on the amount of money being sent and where it’s being sent.Whether you select a bank deposit, cash pickup or home delivery for the recipient to get the money.How long it takes for money to reach a recipient depends on: Xoom says a recipient will receive cash anywhere from a few minutes to a few days. You can also send money for the recipient to pick up at a Xoom-affiliated location, or have it delivered directly to where the recipient is. Through Xoom, you can transfer money to someone’s bank account, debit card or digital wallet. You can log into Xoom through PayPal or directly through Xoom. However, the passwords for PayPal and Xoom are the same. The login is a bit confusing, though, as you can sign into Xoom through PayPal or Xoom. You must be at least 18 years old to use Xoom, and must have a PayPal account or sign up for a PayPal account. Choose whether you want to send money, pay bills or reload a prepaid mobile phone account.Open the app and log in (or sign up for a new account).Download the Xoom app from the App Store or Google Play.To take advantage of the Xoom app’s features, you must: The service is available in 16 languages. The free Xoom app is designed for iOS and Android mobile devices. And for those who do use the bill-paying function, a “low” fee is charged. For instance, bill payment is available only in eight countries, primarily in Central America. However, users might not gain as much from the app as they’d like. A Xoom user can also pay international bills or add money to a prepaid mobile phone account. Xoom enables someone to receive money through their bank account, debit card or digital wallet pick up money at one of thousands of Xoom-affiliated locations around the world or even get cash delivered directly to them. The fact that PayPal owns Xoom puts the power and reputation of a big, well-known brand behind the service. The PayPal-owned service offers a lot of flexibility and convenience when it comes to international monetary transactions. In addition, Xoom can be beneficial if you regularly pay international bills or reload a cell phone account. According to the World Bank, the cost of sending USD 200 to the Sub-Saharan African region averaged 9% in 2018, and in the southern African subregion the average cost was 18.7%, almost three times higher than the global average.Īccording to the latest statistics released by the Bank of Zambia (BZZ), mobile money transfers in Zambia reached a record ZMW 9,845,606,836.64 (USD 542 million) in September 2020.Xoom can be especially useful if you want an international recipient to be able to pick up cash at an array of global locations or want cash to be delivered directly to a recipient in another country. The cost of sending money through traditional channels to Africa is one of the most expensive in the world. While there are only five bank branches per 100,000 people as of 2019, there are 1.04 billion registered mobile money accounts,” King added. ![]() “There is nowhere else in the world that moves more money on mobile phones than Sub-Saharan Africa. We wanted to help bring down the cost and speed up the process to boost financial inclusion,” said Julian King, Vice President and General Manager of Xoom. “Sending money to Africa through traditional channels has always been expensive. The new service expands the company’s offering to send money to mobile wallets in Burundi, Cameroon, Ghana, Kenya, Madagascar, Malawi, Mozambique, Rwanda, Tanzania, Uganda, Zambia, and Zimbabwe-with plans to include more markets in 2021. Xoom, PayPal’s money transfer service, announced that its customers can now send money transfers directly to mobile wallets in Zambia and other key markets across Africa.
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