Xoom Expands Service to Bangladesh
Expanded partnership with Sonali Bank Limited Provides Faster Bank Deposits to Bangladesh
By Julian King, Vice President & GM, Xoom
Today, we’re excited to share that Xoom, PayPal’s digital money transfer service, has expanded its Bangladesh service to include Sonali Bank Limited. Through this partnership, our customers can now enjoy faster bank deposits to Sonali Bank customers when sending during Bangladesh banking hours.
Before today, a typical bank deposit to Bangladesh could take days before reaching its final recipient, making the process inconvenient and sometimes stressful for senders and receivers in need of a quick solution. Through this partnership with Sonali Bank Limited, we’re able to better serve the community and Sonali Bank customers by eliminating the long wait time for Bangladeshi money senders in the U.S., as well as their receivers back home.
Xoom service to Bangladesh has been live since November 2015 and is now available to most banks in the country. With the addition of Sonali Bank Limited, we currently provide service to 54 banks in Bangladesh and are thrilled to deliver even faster service to Bangladeshis through this partnership.
In addition to fast service and affordable fees, Bangladeshis in the U.S. can now send up to $10,000 USD to family and friends from their computer, tablet or mobile device through Xoom1.
While Xoom senders can log in to their account using their PayPal credentials, we want to clarify that the Xoom service is a standalone service of PayPal and we are not offering additional PayPal services in Bangladesh at this time. Xoom’s integration with PayPal is focused on making it easy for Xoom’s senders in the U.S. to easily access their bank accounts, credit and debit cards to send money abroad.
1 May not be available for all transactions. Transaction amounts depend on various factors, including but not limited to approval by the Xoom proprietary anti-fraud verification system, disbursement method, recipient country, and partner processing limits.