Each year, Canadian immigrant families remit nearly $24 billion to support family and friends back in their native countries. Xoom, a new app that is downloadable on Android or iOs, can expedite and make these transfers painless. It’s also safe.

“At Xoom, we are focused on making the process of sending money home to loved ones in

another country fast and convenient for hardworking immigrants. Sending money abroad is often expensive and time consuming,” said Julian King, Xoom’s Vice President and General Manager.

According to the ‘Migration and Remittances’ April 2018 report by the World Bank, globally, the top three receiver remittance countries are India, China and the Philippines. Xoom provides money transfer services to these key corridors and UK, Eurozone and many other countries in Eastern Europe and Africa.

Major bank accounts include ICICI, SBI and HDFC within four hours when sent during Indian banking hours. People can also prepare for instant cash pickups at over 5,000 pickup locations at competitive rates.

Sending money overseas through a digital service like Xoom costs nearly half (3.93%) of the amount sent compared to the average cost of traditional remittances services (7.45%).

Canadians can now send up to $12,500 CAD in a single transaction to India And Pakistan. For send money transactions, depending on the receiver country, users can either: deposit money to a bank account, send cash for pick up or have cash delivered directly to their recipient’s door. Xoom transfers can be tracked quickly and easily via text updates, email notifications or directly from the mobile app and website.

For more information, visit paypal.ca