International

Xoom Launches Chinese Website

Digital money transfer provider Xoom announced the launch of its Chinese language site for sending money to China yesterday (July 7). The Chinese language will be made available on both Xoom’s desktop and mobile sites, allowing an in-language money transfer service complete with emails and SMS communications.

"Our customers can trust Xoom to send money to China,” said Helen Li, Xoom’s China Marketing Manager, in a company release. “I moved to the United States from China years ago, and understand the importance of providing our Chinese customers with a complete in-language experience. Xoom’s Chinese language site provides more trust and peace of mind to customers that feel more comfortable communicating in Chinese.”

Xoom’s money transfer service to China was launched earlier this year, enabling customers to send bank deposits during the country’s bank processing hours, knowing it will be available directly in the receiver’s bank account in seconds. All transfers are processed through UnionPay MoneyExpress network and allow customers to send up to $2,999 for $8.88 when paying with their bank accounts, Xoom explained.

The company also offers money transfer services and versions of its site in both Spanish and Portuguese.

Just last week, PayPal announced its plans to acquire the digital money transfer and management company, solidifying an intention to move beyond its retail payments and merchant services roots and enable the seamless management and movement of money for consumers around the world.

"Becoming part of PayPal represents an exciting new chapter for Xoom, which will help accelerate our time-to-market in unserved geographies and expand the ways we can innovate for customers,” Xoom’s President and CEO John Kunze said in a statement. “Being part of a larger, global organization will help us deliver the best possible experience to our customers, while maximizing value for our shareholders."

Xoom has registered more than 1.3 million active customers, who have sent roughly $7 billion using the service.

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