Xoom goes for money transfer service

Xoom Corporation, a digital money transfer provider, launched its money transfer service in Sri Lanka recently.

Xoom has partnered with Sampath Bank to offer instant deposits to Sampath Bank accounts in Sri Lanka. Xoom will also provide bank deposits within 24 hours to other banks in Sri Lanka, including Hatton National Bank, Bank of Ceylon, People's Bank and Commercial Bank.

With the addition of Sri Lanka, Xoom's money transfer services now reach 33 countries.

"We are delighted to extend Xoom's services to the Sri Lankan market.With our breakthrough technology, Sri Lankans in the US can securely, conveniently, and cost-effectively send money to their friends and family back home,"said President and CEO, Xoom, John Kunze.

"Sampath Bank is proud of its partnership with Xoom. This is another step by the bank to provide an even more convenient service to customers," said Senior Manager, Remittances, Sampath Bank, Kusal de Silva.

Xoom makes it secure and convenient for Sri Lankan immigrants to send money from their computer, tablet, or mobile phone. When paying with a bank account, customers can send up to $1,000 for $4.99 and transfers are fee-free for transactions over $1,000.