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Ali Moin

PayPal Acquires International Money Transfer Service Xoom

PayPal announced today that it has acquired Xoom, an international money transfer service for $890 million. Upon acquisition, Xoom will become a separate business within PayPal. With this acquisition PayPal is hoping to expand the breadth of its remittances business with Xoom’s international network, allowing it to tap into markets like Latin America. “In most …

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