Xoom is now in Canada, as it has been one of the easiest and fastest ways to send money to South Asian countries at competitive rates, including: India , Bangladesh , Pakistan , Sri Lanka , and Nepal.
Families in India who bank with Punjab National Bank (PNB) benefit from instant deposits, 365 days a year.
For all major bank accounts across the country, like ICICI, SBI and HDFC, transfers are deposited within four hours when sent during Indian banking hours. Families can also pickup their transactions instantly in cash, at over 50,000 locations across India.
“The traditional methods of sending money abroad are slow, expensive and stressful for both the sender and the receiver. Senders are often faced with worry about when, or if, their money will reach their loved ones,” said Julian King, Xoom’s Vice President and General Manager.
“As a disruptive digital remittance provider, Xoom is helping to eliminate these inconveniences so it’s fast and easy for Canadians to send money abroad for cash pickups, bank deposits, reloading prepaid phones and paying bills for loved ones back home—all from the comfort of their homes or from their mobile devices.”