PayPal Xoom adds cross-border remittance on debit card deposit

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Financial technology firm PayPal’s international money transfer service, Xoom, has announced a new product that lets users in the United States send money directly to Visa (NYSE:V) debit card users.

In a recent announcement, PayPal (NASDAQ:PYPL) mentioned that Xoom partnered with financial services firm Visa, allowing debit card holders to receive funds directly from Xoom. The feature is available in 25 countries, including the Philippines, Sri Lanka, Thailand, Ukraine and Vietnam.

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