The next iteration of the internet, Web3, has been around for a while now. Meta’s Reality Labs division — the arm of the tech giant that focuses on metaverse, mixed reality (MR), augmented reality (AR), virtual reality (VR), and artificial intelligence (AI) initiatives — is...
With every innovation, the world gets a little bit smaller and interconnected. And with the news Monday (April 8) that Kyriba and Onyx, a J.P. Morgan business unit, are collaborating to better streamline cross-border payments, global expansion and payments innovation are top of mind for businesses of all shapes, sizes and...
Cross-border money transfer service Xoom now lets users make transactions with PayPal’s USD stablecoin. Xoom, owned by PayPal, said in a Thursday (April 4) press release that the new funding option lets users in the United States convert the stablecoins (PYUSD) in their linked PayPal Cryptocurrency Hub to U.S. dollars....
PayPal is reportedly mulling a sale for its cross-border payment unit Xoom. The digital payments company has been working “on the sales process in recent months,” and has hired Goldman Sachs for assistance, The Information reported, citing unnamed sources. An attempted sale could be a sign that Elliott Management, which purchased...
July 15, 2019
Xoom, PayPal’s international digital money transfer service, is launching in the U.K. and 31 countries, allowing millions of users to remit in bytes and bits. Julian King, Xoom general manager, tells PYMNTS that PayPal’s scale and expanded send-side presence can let people transact across digital and cash payouts, satisfying each corridor’s remittance nuance.
December 11, 2018
When PayPal acquired global money transfer firm Xoom in 2015, company President and CEO John Kunze noted that becoming part of the larger PayPal organization marked the start of a new chapter in...
November 22, 2017
Two years after being acquired by PayPal, digital money transfer service Xoom has a story that it wants the world to know. Part of that story is around the typical stats that...
April 04, 2024
Cross-border money transfer service Xoom now lets users make transactions with PayPal’s USD stablecoin. Xoom, owned by PayPal, said in a Thursday (April 4) press release that the new funding option lets users in the United States convert the stablecoins (PYUSD) in their linked PayPal Cryptocurrency Hub to U.S. dollars. They can then use it to fund transactions to recipients […]
May 17, 2023
PayPal is reportedly mulling a sale for its cross-border payment unit Xoom. The digital payments company has been working “on the sales process in recent months,” and has hired Goldman Sachs for assistance, The...
January 12, 2023
Xoom now lets U.S. customers send money to eligible Visa debit cards in 25 countries. The new service meets consumers’ growing demand for quick, easy ways to send money to...
March 15, 2022
PayPal Holdings Inc. and its charity partners have raised more than $250 million for organizations supporting relief efforts in Ukraine, the California online payments network company announced. From the PayPal...
