The global digital money transfer service, Xoom has broadened its network into Nigeria.
Under the arrangement, the firm would be working with select Nigerian banks, including Zenith, First Bank and Guaranty Trust Bank.
The digital money transfer provider, today announced it will be expanding its service in Africa, making it easier for people in the United States to quickly and securely send money to Nigeria. With Xoom, the statement outlines, people get the convenience of sending money on-the-go through a mobile phone, tablet or computer. Customers also get the peace of mind of having money directly deposited into their loved one’s bank account, and access to 24/7 customer service, 365 days a year.
It stated that this expansion includes an instant bank deposit service to any Nigerian Naira account, which includes First Bank Nigeria, Guaranty Trust Bank, Zenith Bank and several more. Xoom’s service will allow Nigerian immigrants in the U.S. to conveniently and securely send money to bank accounts in Nigeria with their U.S. bank accounts, credit cards, or debit cards.
“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. “
Indicators are that the service promises to be profitable. According to the World Bank, $5.7 billion is being sent to Nigeria annually from the U.S. 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.”
When customers send money to Nigeria their transfer will arrive in seconds. All customers require is their recipient’s bank account number, and Xoom will instantly transfer funds to the leading banks in Nigeria. Customers can send up to $2,999 for just $4.99 when paying with their bank account.
Xoom provides locked-in exchange rates on Naira deposits to Nigeria and a secure and convenient way for immigrants to send money from their computer, tablet, or mobile phone. Customers can download Xoom’s app for Android and iOS mobile devices for free.
Xoom, a PayPal service, is a leading digital money transfer provider that enables consumers to send money, pay bills and send prepaid mobile phone reloads for family and friends around the world in a secure, fast and cost-effective way, using their mobile phone, tablet or computer. The company operates in at least four continents in the world.