And since the beginning of the pandemic, the significance of sending money internationally quickly and affordably has increased dramatically,” says Tamer El-Emary, COO of Thunes. “This collaboration is a great example of two companies harnessing the power of technology and innovation to provide access to financial services to people that need it the most, connecting them to their loved ones and creating new opportunities for global entrepreneurs”. “We’ve always believed that people should be able to pay each other without hassle and stress, irrespective of their location. ![]() Read More: Gabriel, TNS, and Rypplzz Join Forces to Enhance Crypto Security Thunes will enable payments for Xoom in several countries around the world, such as the Philippines, Bangladesh, Indonesia, Ghana, Senegal, and more. Acquires Stake in New Bitcoin ETF Issuer, Jacobi Asset Management This strategic collaboration builds on the success of Thunes’ long-standing relationship with PayPal that began with an initiative in 2018, which enabled Kenyans to move money between M-Pesa and PayPal, a service exclusively powered by Thunes. ![]() We’ll create and link your Xoom account to PayPal. Through this collaboration, Thunes allows Xoom to further expand its existing reach, using Thunes’ global network and payment capabilities to offer quick, affordable and reliable payments for new corridors. Sign Up Xoom, a PayPal Service Create an account You confirm you are at least 18 years old and you accept the Xoom User Agreement, when logging in or signing up with PayPal. However, the absence of connectivity to global payments infrastructure limits the ability of local mobile wallet users to receive inbound transfers from other countries. In emerging markets, consumers increasingly choose to pay with mobile or digital wallets. and Europe to send remittances directly to mobile wallet users around the world.ĭespite the global adoption of digital payments, local payment preferences are fragmented and global payments interoperability continues to be a challenge. Global cross-border payments network Thunes announced a collaboration with Xoom, PayPal’s digital remittance service, that will enable Xoom customers in the United States, Canada, the U.K.
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