PayPal’s Xoom service expands debit card deposit feature

Xoom, PayPal’s international money transfer service, announced that it has launched a new cross-border money transfer product, Debit Card Deposit, enabling Xoom customers in the U.S. to send money directly to their friends & family’s eligible Visa debit cards in 25 countries. Launched in collaboration with Visa, the new feature will offer remittance receivers easy, secure and real-time2 access to funds, which are sent directly to a recipient’s eligible Visa debit card. Xoom’s Debit Card Deposit feature first launched in 2020 for U.S. domestic money transfers, and the new cross-border expansion increases the ability for international recipients to easily and quickly access funds sent from friends and family in the U.S. With the Xoom Debit Card Deposit functionality, recipients have access to use those funds typically within minutes however they need, such as paying bills or buying groceries, through their eligible debit card. Xoom’s Debit Card Deposit feature is now available in the following 25 markets: Bosnia and Herzegovina, Bulgaria, Costa Rica, Croatia, Czech Republic, Great Britain, Greece, Guatemala, Hungary, Indonesia, Israel, Italy, Jamaica, Lithuania, Malaysia, Pakistan, Philippines, Romania, Singapore, Slovakia, Spain, Sri Lanka, Thailand, Ukraine, and Vietnam. Debit Card Deposit will continue to roll-out across additional markets in 2023. Reference Link