December 17

Paypal’s Xoom Offers Money Transfers to Mobile Wallets in 12 African Countries

Xoom, PayPal’s money transfer service, has announced that the company’s customers in the US, UK, Canada and Europe can now send secure and convenient money transfers directly to mobile wallets in key markets across Africa with a focus on the underbanked segment.

This 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.

Photo courtesy of AMISOM Public Information.

Source: The Fintech Times (link opens in a new window)

cash transfers, fintech