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Xoom Launches Fast Direct Deposit Service to Japan

By Helen Li, Xoom Territory Manager for East Asia

Today we’re thrilled to announce expansion of Xoom’s service in Asia by launching support to Japan. We understand that sending money to your family and friends back home in Japan is important, but it’s typically expensive and can take a long time, not only for you, but for your loved ones as well who sometimes have to wait upwards of five days to receive your transfer when sent through a traditional service. And in today’s fast-paced environment, that’s just not acceptable.

But not anymore. U.S. customers sending money to Japan now have less to worry about. Xoom, a PayPal service, now offers a direct bank deposit service to all major banks in Japan, including Mizuho Bank Ltd., The Bank of Tokyo – Mitsubishi UFJ, Ltd., Sumitomo Mitsui Banking Corporation, Japan Post Bank, Resona Bank, Ltd. and more. Forget about going to a store; you can securely send money to your family members or friends either online or through Xoom’s mobile app. Your money arrives quickly, and you can track transfers through text or email. And, for your peace of mind, we have a money back guarantee if the funds are not received. We also offer affordable rates – starting at a tiered fee of $9.99 [1] for sending amounts below $1,000.

Based on data from the Pew Research Center, in 2015 Japan received $1.56B in remittances sent from the U.S. The Japanese immigrant population in the U.S. has grown by over 200% in the last five decades and today there are approximately 340,000 Japanese immigrants living in the U.S. Now, Xoom’s services, money back guarantee and 24/7 customer support will give you and your loved ones more choice, flexibility, convenience and security when sending money abroad.

Leave it to Xoom to take care of your transfer – we’ll make sure your money reaches your family and friends as quickly and easily as possible.

[1] In addition to the transaction fee, Xoom also makes money when it changes your U.S. dollars into a different currency.

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