PayPal Launches Xoom in Australia, a fast and secure international money transfer service
PayPal has today announced the launch of Xoom, its fast, secure and reliable international money transfer service, in Australia. This expansion enables Australians to easily and safely send money to family and friends in over 150 countries across more than 100 currencies.
With Xoom, Australians can choose to transfer funds directly to recipients’ bank accounts, mobile wallets or opt for cash pick-up or home delivery services, in many countries.1 Already trusted by millions of people worldwide, Xoom serves 95% of Australia’s major remittance receiver markets – including India, China, the Philippines, Vietnam and the UK.
With more than 9.5 million active PayPal accounts in Australia, representing about half the adult population, Xoom will be available for many Australians to use from day one. Australians with a verified PayPal account can simply sign up to Xoom using their existing PayPal credentials and begin using Xoom immediately for international transfers.1
With competitive exchange rates, real-time tracking, and PayPal’s trusted security infrastructure, Australians can use Xoom to send money overseas with greater confidence and convenience. PayPal has been consistently recognised as Australia’s most trusted payment brand for years,2 giving customers additional assurance when using Xoom.
“Australians are more globally connected than ever, whether supporting loved ones, paying for overseas services, or sending money in times of need,” says Andrew Toon, General Manager, PayPal Australia.
“With Xoom, Australians now have more flexibility and choice in how they send and how their recipients receive money abroad. Whether it’s a bank or mobile wallet deposit, cash pick-up or home delivery, Xoom puts the control in the hands of our customers – making it fast, simple and secure to send support across borders.”
How to use Xoom:
• Access points: Via the Xoom app, Xoom.com, or within the PayPal app.
• Log-in: Use your PayPal credentials to create a Xoom account or easily create a Xoom account if you’re new to PayPal.
• Payment options: Pay with a linked bank account, debit or credit card, or use any funding option in your existing PayPal Wallet or PayPal balance
• Sending options: Choose to send money to a bank account or for cash pickup, home delivery, in supported countries
• Sending limits: Send up to AU $50,000 per transaction3
• Real-time tracking: Monitor transfers in real time through the Xoom app or PayPal account.
Xoom's arrival in Australia underscores PayPal's ongoing commitment to helping people and communities thrive by making it easier, safer, and more convenient to move and manage money across borders.
Australians can start sending money quickly and securely by downloading the Xoom or PayPal mobile app, or visiting Xoom.com or the Xoom information pages on PayPal.com.au.
1. Subject to the customer being appropriately verified in accordance with AML/CTF requirements.
2. Cash pick-up is available via Xoom in India, The Philippines, Vietnam, The United Kingdom and many other markets. Home delivery via Xoom is available in The Philippines, Vietnam and other markets. Xoom’s partner locations page has a search tool for money transfers, cash pick-ups and home delivery destinations.
Xoom transaction costs are made up of an exchange rate and transaction fee.