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Global Money Transfers: Each year more than $250 billion worth of money is transferred internationally. A large percentage of this money is sent by foreign immigrants to support friends and family and invest in their home country. Additionally, due to the popular trend of outsourcing, many small businesses use money transfers to pay foreign-based contractors.
What Is Xoom: Xoom (pronounced zoom) is one of the only companies committed to developing a global online-to-offline money transfer network. Xoom enables its customers to leverage the power of the internet to send money 24/7 around the globe. Long gone are the days when senders need to spend time driving to and waiting in line at an old-fashioned money transfer location.
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