PAYPAL ACQUIRES XOOM

Updated: 11/24/2015 13:55
Reprints/Permissions  Hyip Monitor
paypal acquires xoom
PayPal buys Xoom at 25 USD per share with the purpose to create better service for completing money transfers worldwide.
Sponsored Links
PayPal buys Xoom at 25 USD per share with the purpose to create better service for completing money transfers worldwide.

PayPal reported completing the deal to own Xoom. The online payments provided purchased all shares of the company at $25 per each. The Xoom CEO, John Kunze, is joining the board of directors and keeps on managing the company, whose services will be still provided separately from the main PayPal services.

Xoom is a safe, fast and accessible way to complete money transfers and pay the bills around the world with the help of a mobile phone, tab or a PC.

For PayPal Xoom opens access to a million and a half active clients in the USA. During the previous 12 months they spent around $7.1 billion in money transfers to the recipients from 40 countries (Mexico, India, the Philippines, China and Brazil). Besides, 97% of the Xoom customers are using the service repeatedly and 60% of them complete transactions using mobile phones.

Combining the PayPal global scale and Xoom opportunities the company plans to create some easier and safer service to make transfers and receive funds for a larger number of people.


About the author

Eric Marriam is a young writer. Even though he is not experienced he is able to make really high quality work. Eric is able to identify a problem people have and break it down, able to appeal to emotion through emotive writing, can change style of writing to cater to different audience. Eric Marriam is able to work creatively and effectively with staff and managers and despite his young age, he proved to be a clear and effective writer and speaker, committed to maintaining quality and efficiency, seeking for professional growth and development.
You May Also Like