Paypal, the well known American company which facilitates online payments has acquired the digital money transfer platform, Xoom. Paypal has agreed to buy all shares of Xoom at $25 per share making the total acquisition cost to be $890 million.
Xoom, which was founded in year 2001 has a presence in over 37 countries where it enables people to send money, pay utility bills and recharge their mobile phones. Xoom is being used by immigrants in USA who often send their earned money to their families back in their own country. Xoom has a wide presence in India, Mexico, Brazil, China and Philippines…………
Sourced through Scoop.it from: www.fatbit.com
See on Scoop.it – internet marketing
via WordPress http://ift.tt/1LU9jeg
