Payment Methods

PayPal’s Xoom Rolls Out Bill Pay For Users In Jamaica

Xoom, PayPal’s international money transfer service, announced the launch of its bill pay service in Jamaica. Through a partnership with bill platform provider Paykii, customers in the U.S., U.K., Canada and 37 markets across Europe can now use Xoom’s money transfer service to pay electricity, telephone, internet, cable, mobile network, water, loan and insurance bills in Jamaica.

“At Xoom, we’re constantly innovating to provide cutting edge money transfer services for our customers across the globe,” said Julian King, vice president and general manager of Xoom, in a press release. “We’re excited to partner with Paykii to launch our bill payments service to Jamaica, so Jamaicans living abroad have access to a fast and easy way to help family and loved ones securely pay for life necessities, like utilities and mobile phone service[s]. Through Xoom, these senders will no longer have to wait in line, fill out forms or pay higher fees to send money back home, and recipients don’t need to worry about waiting for cash transfers to … pay their bills on time.”

Fabian Saide, co-founder and CEO of Paykii, added, “We are enthusiastic about partnering with Xoom, a digital innovator and leader in the industry, to introduce this service for the first time to recipients living in Jamaica. Paykii’s simple and secure bill payment platform will enable Xoom users to pay utility, insurance and financial services billers in Jamaica reliably, and in a timely manner.”

Earlier this month, Xoom announced that customers will be able to send money to recipients in the U.S. for the first time via strategic alliances with Walmart and Ria, enabling Americans to use Xoom to send money for cash pickup at nearly 5,000 locations across the country.

That news follows Xoom’s July expansion into the U.K. and 31 markets across Europe, paying out remittances to individuals living in Nigeria, India, China, the Philippines and beyond — spanning 130 countries. Just last month, Xoom also announced that people in the U.S., Canada, the U.K. and 31 other markets in Europe can send money directly into bank accounts in South Korea.

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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