Thunes Enables PayPal’s Xoom to Send Remittances Directly to E-Wallet Usersby Fintech News Singapore October 26, 2021
Global cross-border payments network Thunes announced a collaboration with PayPal’s digital remittance service Xoom that will enable the latter’s customers in the United States, Canada, the U.K. and Europe to send remittances directly to mobile wallet users around the world.
Through this collaboration, Xoom further expands its existing reach using Thunes’ global network and payment capabilities to offer quick, affordable and reliable payments for new corridors.
This strategic collaboration builds on Thunes’ long-standing relationship with PayPal that began with an initiative in 2018, which enabled Kenyans to move money between M-Pesa and PayPal.
Thunes will enable payments for Xoom in several countries around the world, such as the Philippines, Bangladesh, Indonesia, Ghana, Senegal, and more.
“This collaboration is a great example of two companies harnessing the power of technology and innovation to provide access to financial services to people that need it the most, connecting them to their loved ones and creating new opportunities for global entrepreneurs”.
says Tamer El-Emary, COO of Thunes.
Featured image: Edited from Unsplash