21 October 2017
visit www.atos.net

Xoom enables bank deposits to China for US account holders

02 February 2015  |  2638 views  |  0 Source: Xoom Corporation

Xoom Corporation (XOOM), a leading digital money transfer provider, today announced the launch of its money transfer service to China.

This instant bank deposit service allows Chinese immigrants with a U.S. bank account, credit card, or debit card to conveniently send money online to most bank accounts in China within seconds. With the addition of China, Xoom’s money transfer service now reaches 31 countries worldwide.

“This is a significant milestone for Xoom,” said John Kunze, Xoom’s President and CEO. “As we expand our service to the world’s most populous country, Chinese immigrants in the U.S. can safely, conveniently, and cost-effectively send money to their loved ones. With Xoom’s breakthrough technology, money can be deposited into the recipient’s account instantly. No waiting in line, no high fees. Just the most convenient money transfer service possible. Plus, our customers can always count on 24/7 service, 365 days a year.”

When customers send money to China during bank processing hours (7 a.m. to 10 p.m., Beijing Standard Time), their transfer will arrive in seconds. Transfers are processed through the UnionPay MoneyExpress network. All customers require is their recipient’s UnionPay card number and the Pin-Yin name associated with that card. Xoom will instantly transfer funds to some of the most recognizable banking brands in China, including Bank of China, Bank of Communications, China Construction Bank, and Industrial and Commercial Bank of China. Customers can send up to $2,999 for just $8.88 when paying with their bank account.

Xoom provides locked-in exchange rates on Renminbi (CNY) deposits to China and a secure and convenient way for Chinese immigrants to send money from their computer, tablet, or mobile phone. Customers can download Xoom’s app for Android and iOS mobile devices for free.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.niceactimize.comvisit www.vasco.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8649 views comments | 21 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8592 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7688 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7145 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6757 views comments | 14 tweets | 23 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job