Summary
Xoom is an online money transfer service, a PayPal subsidiary, that allows users to send money to friends and family internationally. It offers various delivery options, including bank deposits, cash pickup, and mobile wallet transfers, with a focus on transparent fees and fast delivery times. The service is accessible via a mobile app and provides customer support.
Features6/15
See allMust Have
3 of 5
Mid-Market Exchange Rate Transfers
Transparent Low Fees
Fast Transfer Execution
Multi-Currency Account
Borderless Debit Card
Other
3 of 10
Mobile App
Regulatory Compliance
Customer Support
Batch Payments
API Integration
Real-Time Rate Alerts
Business Account Features
Invoice Creation
Spending Analytics
Multi-User Access
Rationale
Xoom, a PayPal service, primarily focuses on international money transfers. It explicitly mentions 'competitive and transparent rates' and 'upfront delivery times and real-time tracking updates,' aligning with 'Transparent Low Fees' and 'Fast Transfer Execution'. The service is offered via a 'Mobile App' and provides 'customer service centers across the globe with support in multiple languages,' indicating 'Customer Support'. As a financial service, it also highlights 'security measures, including data encryption and 24/7 fraud monitoring,' which points to 'Regulatory Compliance'. However, it does not offer a multi-currency account or a borderless debit card, nor does it explicitly state transfers at the mid-market exchange rate, which are must-have features for the Wise concept.
