Xoom adds 17K cash pickup locations in Mexico
Ten days after announcing a tie-up with the Ria network, Xoom, the money transfer arm of PayPal, has announced another international partnership.
According to a press release, Xoom his inked a deal with electronic payment processing platform TransNetwork that will allow Xoom customers in the United States to send money for cash pickup at any Oxxo location in Mexico.
PayPal said that it is the first online-only remittance player to partner with Mexico's largest chain of convenience stores. The deal will add 17,000 cash pickup locations to the Xoom footprint, which includes a total of 35,000 locations with the addition of Oxxo.
"The remittance service at Oxxo is strengthened thanks to the alliance with Xoom and Transnetwork, with which we reaffirm our commitment with our customers by offering more options for the collection of remittances, and thus contribute positively to the economic and social development of Mexico, especially in those states where these remittances are a large source of income," Asensio Carrión, director of financial and electronic services at Oxxo, said in the release.
Xoom allows customers in more than 130 countries to send money, pay bills and reload phones, the release said. The mobile app is available for both Android and iOS platforms.