Xoom

Xoom Enables PayPal USD as a Funding Option for Cross-Border Money Transfers

Retrieved on: 
Thursday, April 4, 2024
Friends, Xoom, SAN, PayPal, Sale, Senior, Commerce, Cryptocurrency, World Bank, Family, USD, Digital Currency Group

SAN JOSE, Calif., April 4, 2024 /PRNewswire/ -- Xoom, PayPal's cross-border money transfer service, announced today that U.S. users1 now have the option to fund money transfers to friends and family abroad using USD converted from PayPal USD (PYUSD), a U.S. dollar-denominated stablecoin2. Rolling out to customers in the U.S. starting today, the new funding option will allow U.S. Xoom users to easily convert the PYUSD in their linked PayPal Cryptocurrency Hub to USD and use that as a funding source to send money to recipients in approximately 160 countries globally with no Xoom transaction fees.3

Key Points: 
  • SAN JOSE, Calif., April 4, 2024 /PRNewswire/ -- Xoom , PayPal's cross-border money transfer service, announced today that U.S. users1 now have the option to fund money transfers to friends and family abroad using USD converted from PayPal USD (PYUSD) , a U.S. dollar-denominated stablecoin2.
  • With no Xoom transaction fees,3 cross-border money transfers funded using USD converted from PYUSD provides a lower cost option on Xoom.
  • By introducing the option to fund cross-border money transfers with USD converted from PYUSD, Xoom now offers an easy and reliable way for U.S. users to send money abroad using PYUSD as a funding source.
  • With Xoom, customers can access a fast and reliable way to send money, by simply downloading the Xoom or PayPal mobile app, or visiting Xoom.com or PayPal.com.

Plooto bolsters executive team with seasoned fintech leaders from PayPal and Xero

Retrieved on: 
Wednesday, December 13, 2023
Payments, Professional Services, Small Business, Technology, Software, EBay, Xero, Fintech, Ecosystem, Luigi, Survival, Partnership, Knowledge, PayPal, Online shopping, Risk, Xoom

Plooto , a leading payment automation solution for small-to-midsize businesses (SMBs), welcomes fintech leaders Carol Haverty and Esther Krabbe Silveira to its executive team.

Key Points: 
  • Plooto , a leading payment automation solution for small-to-midsize businesses (SMBs), welcomes fintech leaders Carol Haverty and Esther Krabbe Silveira to its executive team.
  • Carol Haverty joins Plooto as VP of Partnerships with over fifteen years of big tech and fintech experience at companies including eBay, PayPal, and most recently Xero, where she led North American partnerships.
  • “From my personal experience, Plooto has long been a partner of choice for Xero users looking to streamline their payments workflows.
  • “I’m incredibly excited to join Plooto having seen firsthand how the platform fills the need for an accessible, single payment automation solution for SMBs.

Chase Freedom® Announces Q4 2023 Quarterly Categories – Wholesale Clubs, Select Charities and PayPal

Retrieved on: 
Friday, September 15, 2023
Banking, Personal Finance, Online Retail, Technology, Professional Services, Payments, Discount, Variety, Philanthropy, Other Philanthropy, Retail, Finance, Freedom, American Red Cross, International Rescue Committee, Insurance, Organic, Thurgood Marshall College Fund, Travel, Friends, Electronics, PayPal, NAACP Legal Defense and Educational Fund, Xoom, Warehouse, Select, International Medical Corps, Costco, UNICEF, Equal Justice Initiative, Lyft, Organization, Leadership Conference on Civil and Human Rights, GLSEN, UNICEF USA, Mastercard, Mobile, Humanity, Family, Conference, UNCF, National Urban League, Airline, Online shopping, United Way

Today, Chase Freedom announced the rotating quarterly categories for Freedom and Freedom Flex cardmembers: Wholesale Clubs, Select Charities and PayPal.

Key Points: 
  • Today, Chase Freedom announced the rotating quarterly categories for Freedom and Freedom Flex cardmembers: Wholesale Clubs, Select Charities and PayPal.
  • Select Charities*: Cardmembers can “feel the reward” when they donate to select charities by earning cash back and helping organizations in need.
  • *Purchases made using PayPal at merchants in the current 5% quarterly categories will be awarded a total of 5% Cash Back rewards.
  • Please note, Person-to-Person (P2P) transactions made with your Chase Freedom card on PayPal may be prohibited or not eligible for 5%.

Remitly Appoints Two New Members to its Board of Directors

Retrieved on: 
Thursday, April 6, 2023
PNW, IPO, PayPal, Xoom, U.S. Bancorp, Sale, Campbell, RH (company), Seattle Foundation, U.S. Bank Center (Milwaukee), ATSG, Trust, Khosla Ventures, CFO, Knowledge, Growth, RH, NYSE, J. P. Morgan, Management, Blignaut, Remitly

“We are delighted to welcome Phyllis and Ryno to Remitly’s Board of Directors,” said Matt Oppenheimer, CEO of Remitly.

Key Points: 
  • “We are delighted to welcome Phyllis and Ryno to Remitly’s Board of Directors,” said Matt Oppenheimer, CEO of Remitly.
  • “They each bring with them a wealth of knowledge and leadership experience to complement our existing team of accomplished directors.
  • Campbell has a distinguished career of public company board service spanning 30 years; she currently serves on the ATSG and SanMar Boards of Directors.
  • He joined Khosla Ventures in 2019 and serves on the board of directors of multiple private companies.

Visa Defines New Era of How Money Travels Abroad

Retrieved on: 
Tuesday, March 21, 2023
Personal Finance, Mobile, Wireless, Technology, Payments, Finance, Fintech, Professional Services, Business, Networks, Data Management, Acceleration, Remittance, Food, Education, Xoom, Money, Brightwell, Research, Visa, Diving, Digital, Morning Consult, Remitly, MoneyGram, Financial services, Online shopping, Western Union

In conjunction with the study, Visa launched “ Money Travels ,” a new podcast series unearthing how payment-related topics unfold differently in various places around the world and highlighting the stories of real people, payment experts and partners.

Key Points: 
  • In conjunction with the study, Visa launched “ Money Travels ,” a new podcast series unearthing how payment-related topics unfold differently in various places around the world and highlighting the stories of real people, payment experts and partners.
  • “Fast, easy and secure payments can make a profound difference to families, communities and economies around the world,” said Ruben Salazar, Global Head of Visa Direct.
  • Visa works in collaboration with global remitters such as Brightwell, Maya Philippines, MoneyGram, Paysend, Remitly, Western Union and Xoom to help enable efficient money movement through digitized remittances.
  • “One of our visions for Visa Direct is to create new opportunities for financial inclusion and wealth building by helping to simplify cross-border payments and streamline the way money travels,” continued Ruben Salazar.

NRG Energy, Inc. to Acquire Vivint Smart Home, Inc.

Retrieved on: 
Tuesday, December 6, 2022
Other Energy, Utilities, Oil, Gas, Coal, Alternative Energy, Energy, Nuclear, Direct Energy, Net, Software, Analysis, NRG, Central Time, Natural gas, Uncertainty, Policy, Government, COVID-19, GAAP, Enterprise value, Result, Risk, LLP, White & Case, Financial condition report, NYSE, EBITDA, Growth, Failure, Xoom, Machine learning, Electricity, Security (finance), Webcast, Weather, Adjustment, Artificial intelligence, NRG Energy, Share repurchase, Acquisition, Crime, Communication, Goldman Sachs, Simpson Thacher & Bartlett, Annual report, Hart–Scott–Rodino Antitrust Improvements Act, Forecasting, Organization, Bank, Retail, Sales, Risk management, Vivint

NRG Energy, Inc. (NYSE: NRG) and Vivint Smart Home, Inc. (NYSE: VVNT) today announced they have entered into a definitive agreement under which NRG will acquire Vivint for $12 per share or $2.8 billion in an all-cash transaction with an implied multiple of 6.3x run-rate Enterprise Value to Adjusted EBITDA.

Key Points: 
  • NRG Energy, Inc. (NYSE: NRG) and Vivint Smart Home, Inc. (NYSE: VVNT) today announced they have entered into a definitive agreement under which NRG will acquire Vivint for $12 per share or $2.8 billion in an all-cash transaction with an implied multiple of 6.3x run-rate Enterprise Value to Adjusted EBITDA.
  • Our agreement with NRG is the culmination of our Boards ongoing pursuit of maximizing value for Vivint stockholders and is a testament to the strength of the Vivint brand, capabilities, and proven industry leadership.
  • We look forward to working with NRG to create exciting opportunities for Vivint as part of a larger platform.
  • Vivint delivers an integrated smart home system with in-home consultation, professional installation and support delivered by its Smart Home Pros, as well as 24-7 customer care and monitoring.

New Fintech Launches with $20 million in Seed Capital, $50m Warehouse to be the First to Combine Credit and International Money Transfer

Retrieved on: 
Tuesday, August 16, 2022
Coast, Multimedia, Capital, History of Stanford University, Mastercard, CEO, Engineering education, School, Stanford University, Forbes, Meta, Entrepreneurship, Family, Founders Fund, SAN, Community Bank, General partnership, Heart, Cryptocurrency, Financial services, Bank, Online gambling, Online shopping, The Weeknd, Engineering, Xoom

SAN FRANCISCO, Aug. 16, 2022 /PRNewswire/ -- Pomelo announced a Series Seed of $20 million in venture capital and $50m in warehouse facility for a total of $70m in seed financing, and is the first company to combine credit and international money transfer. Pomelo also announced its official launch and availability to serve its first corridor, the Philippines. Keith Rabois at Founders Fund as well as Kevin Hartz, Co-Founder of Xoom and General Partner, at A* Capital led the round with Afore Capital, Xfund, Josh Buckley, the Chainsmokers, and the Weeknd also investing in the round.

Key Points: 
  • Pomelo is a new credit card that allows consumers to extend credit to family overseas to solve remittance transfer.
  • "Pomelo is on a mission to change how international money transfer fundamentally works," said Eric Velasquez Frenkiel, Pomelo founder and CEO.
  • For many of our customers, Pomelo is their first credit card here in the US and the very first card for their loved ones overseas."
  • "Even when financial activity is conducted responsibly, individuals remain credit invisible unless it can be reflected on their credit score.

US Remittance Market Report 2022-2027: Shift in Flows From Cash to Digital and From Informal to Formal Channels Driving Growth - ResearchAndMarkets.com

Retrieved on: 
Wednesday, July 13, 2022
Payments, Electronic Commerce, Data Management, Other Technology, Technology, Market development, PayPal, Ansoff Matrix, Xoom, SWOT, Investment, Channel, Company, Risk, JPMorgan Chase, Consumption, Hilltop Holdings Inc., Insurance in Australia, Growth, Industry, Personal, Retail, Financial services, Business, Appliance

Type, the market is classified into Inward Digital Remittance, and Outward Digital Remittance.

Key Points: 
  • Type, the market is classified into Inward Digital Remittance, and Outward Digital Remittance.
  • Company ProfilesThe report provides a detailed analysis of the competitors in the market.
  • Ansoff AnalysisThe report presents a detailed Ansoff matrix analysis for the US Remittance Market.
  • Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Japanese Remittance Market to Reach $29.83 Billion by 2027 at a CAGR of 6.05% - ResearchAndMarkets.com

Retrieved on: 
Monday, July 11, 2022
Banking, Professional Services, Finance, PayPal, Consumption, Channel, Insurance in Australia, Industry, Business, Ansoff Matrix, Investment, Xoom, Remittance, CAGR, Risk, Business Never Personal, Personal, USD, Hilltop Holdings Inc., Market development, SWOT, Growth, Retail, Financial services, Appliance

Japan's Remittance Market is estimated to be USD 22.24 Bn in 2022 and is expected to reach USD 29.83 Bn by 2027, growing at a CAGR of 6.05%.

Key Points: 
  • Japan's Remittance Market is estimated to be USD 22.24 Bn in 2022 and is expected to reach USD 29.83 Bn by 2027, growing at a CAGR of 6.05%.
  • Type, the market is classified into Inward Digital Remittance, and Outward Digital Remittance.
  • The analyst analyses Japan's Remittance Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Matt Hibbard Named CFO of Exiger

Retrieved on: 
Wednesday, June 8, 2022
Financial management, CFO, Initial public offering, Regulatory technology, ESG, PayPal, LinkedIn, Digital, OpenTable, CEO, ARR, Ernst & Young, Xoom, Computer, Solution, Multimedia, Government, Supply chain, Accounting, Growth, Risk, Technology, Compliance, Software as a service, Management, Lotus Exige, Lifesize

NEW YORK and WASHINGTON, June 8, 2022 /PRNewswire/ -- Exiger, a leading global risk and compliance SaaS company, announced today that Matt Hibbard has been named its Chief Financial Officer (CFO). Matt joins Exiger's leadership team reporting to Chief Executive Officer Brandon Daniels and will be instrumental in establishing the company's long-term financial management strategy, driving ARR and profitability as Exiger continues its global expansion.

Key Points: 
  • NEW YORK and WASHINGTON, June 8, 2022 /PRNewswire/ -- Exiger , a leading global risk and compliance SaaS company, announced today that Matt Hibbard has been named its Chief Financial Officer (CFO).
  • At Exiger, Hibbard will be responsible for leading Exiger's global financial operations, including accounting, financial reporting, audit, tax, M&A and capital planning functions.
  • Matt will play a significant part in positioning Exiger for continued growth," said Brandon Daniels, CEO of Exiger.
  • Matt comes to Exiger with significant financial executive experience in the SaaS technology industry, joining Exiger from Welltok where he served as CFO.