Chennai: Xoom, PayPal’s international money transfer service, has announced that its US customers can now send up to $50,000 in a single transaction to over 30 countries around the world.
US customers can now send larger money transfers with highly competitive exchange rates, helping them invest abroad, repatriate savings, said a release.
“We’re excited to introduce even higher sending amounts to make it easy and convenient for our customers in the US to send large sums of money abroad,” said vice president and GM, Xoom, Julian King.
“With this update, Xoom is furthering its mission to provide customers with a fast, secure, and reliable way to send money across borders,” he added.
Established in 2001 and acquired by PayPal in 2015, Xoom is a fast and secure way to send money, pay bills and reload phones for loved ones in more than 130 countries globally.