Digital money transfer service Xoom has announced it has expanded its services to Africa, specifically Nigeria with the addition of the country as one of the destinations that people in USA can send money to.
According to Xoom, its customers can send money on-the-go through a mobile phone, tablet or computer. Furthermore, senders have the option of having the money directly deposited into their loved ones’ bank account, and access to daily customer service.
“At Xoom, our goal is to make sending money around the world easier, more convenient and faster. That’s why we’re excited to extend Xoom’s services into Nigeria,” said Julian King, Senior Vice President of Marketing and Corporate Development, Xoom.
The World Bank recently said more than $5.7 billion is sent to Nigeria annually from the US.
“With Xoom, users can now send money from their mobile phones in a few clicks and instantly deposit money into their loved ones’ bank accounts in Nigeria. No more waiting in lines at the bank to wire money or at a cash pick-up center,” said King.
To make use of the service, Xoom customers are required to have the recipient’s bank account number, and Xoom will instantly transfer funds to the leading banks in Nigeria.
For $4.99, customers can send up to $2,999 while Xoom will provide locked-in exchange rates on Naira.
