San Francisco-based Xoom, being acquired by PayPal, has launched its money transfer service to Hong Kong. This bank deposit service allows immigrants from Hong Kong and other individuals to conveniently send money online to bank accounts in Hong Kong with their U.S. bank accounts, credit cards, or debit cards.
Xoom provides locked-in exchange rates on HKD deposits to Hong Kong and a secure and convenient way to send money from their computers, tablets, or mobile phones. Customers can download Xoom’s app for Android and iOS mobile devices for free. When paying with a bank account, customers can send up to US$2,999 for just US$8.88. V
Xoom is a digital money transfer provider that enables consumers to send money to and pay bills for family and friends around the world in a secure, fast and cost-effective way, using their mobile phone, tablet or computer. During the 12 months ended March 31, 2015, Xoom’s more than 1.3 million active customers sent approximately $7.0 billion with Xoom.
For data, background and forecasts on the Xoom: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 payments metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
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