Market Overview

Xoom Partners with Ria Money Transfer to Accelerate Global Expansion in 86 Countries


PayPal's international remittance provider to serve over 130
countries globally through new collaboration

PayPal's international money transfer service, today announced a
partnership with Ria,
a subsidiary of Euronet Worldwide and a global leader in money
remittances, to offer Xoom customers cash pick-up service at more than
150,000 of Ria's international network locations. Through this
partnership, Xoom is significantly increasing its presence in Eastern
Europe and Africa, so customers in the United States can now send money
to 70% of countries around the world by simply going online or using a
mobile phone.

This press release features multimedia. View the full release here:

Countries where Xoom offers service across the globe. (Graphic: Business Wire)

Countries where Xoom offers service across the globe. (Graphic: Business Wire)

"Partnering with Ria allows us to grow our global footprint and
significantly expand our services in the African diaspora and across
Eastern Europe, which is a tremendous landmark for Xoom," said Julian
King, Xoom's Vice President and General Manager. "With this expansion,
Xoom now offers service to over 130 countries globally, including many
countries that have limited access to digital remittance services. These
customers now have a fast, secure, reliable and convenient way to send
money to loved ones around the world."

"Ria has developed an extensive physical network and a best-in-class
compliance program and cutting-edge technology," added Juan Bianchi,
President and CEO of Ria. "Ria's partnership with Xoom is another great
example of how Euronet's core assets can help other fintech and payment
companies enhance their value proposition and accelerate their speed to
market in our fast-paced industry."

Established in 2001 and acquired by PayPal in 2015, Xoom is a fast and
secure way to send money, pay bills and reload phones for loved ones in
more than 130 countries globally. These remittances serve as a lifeline
for many people around the world and are used to pay for things like
utility bills, healthcare, education costs and emergencies. By providing
fast and secure payment options for customers to seamlessly send money
across borders by going online or using a mobile device, PayPal and Xoom
are helping to expand and improve the financial health of millions of
people worldwide.

To send money internationally in a few simple steps, download Xoom's
mobile app on Android
and iOS
or go to

About PayPal

Fueled by a fundamental belief that having access to financial services
creates opportunity, PayPal (NASDAQ:PYPL) is committed to democratizing
financial services and empowering people and businesses to join and
thrive in the global economy. Our open digital payments platform gives
PayPal's 244 million active account holders the confidence to connect
and transact in new and powerful ways, whether they are online, on a
mobile device, in an app, or in person. Through a combination of
technological innovation and strategic partnerships, PayPal creates
better ways to manage and move money, and offers choice and flexibility
when sending payments, paying or getting paid. Available in more than
200 markets around the world, the PayPal platform, including Braintree,
Venmo and Xoom, enables consumers and merchants to receive money in more
than 100 currencies, withdraw funds in 56 currencies and hold balances
in their PayPal accounts in 25 currencies. For more information on
PayPal, visit
For PayPal financial information, visit

About Ria

Ria, a subsidiary of Euronet Worldwide, Inc. (NASDAQ:EEFT), is a global
leader in money remittances. Ria offers fast, secure, affordable money
transfers through a network of approximately 355,000 global agents
spanning 150 countries and online at
The company is steadfast in its commitment to its customers and remains
ingrained within the communities in which they live. For more
information visit

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