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29.08.2018 | 16:58

PayPal enters Ukrainian market

PayPal launches cross-border money transfer for Ukraine from the USA through Хооm

PayPal, international internet payment system, launched cross-border transfers fro Ukraine from the USA through its subsidiary Xoom.

It was reported by PayPal for Ukraine Initiative on Facebook.

"Some hours ago, PayPal included cross-border transfers possibility for Ukraine. As for now, it's available for the USA and only trough subsidiary Xoom," announcement reads.  

Xoom is a money transfer system that PayPal bought in November 2015.

Earlier Xoom was able to send money to 44 countries, Ukraine was not on this list.

Starting from today, Xoom allows sending money from the U.S. to 130 countries, which include Ukraine.

"Xoom is substantially extending in Eastern Europe and Africa to allow the US clients to send money to 70% of countries in the world. They just have to download Xoom mobile app or go to Xoom web site," the announcement states.  

Additionally, Cash Pickup service, which allows recipients in Ukraine to take remittance in one of the banks listed on the Xoom website, was also launched for Ukraine.

The list includes Oschadbank, PrivatBank, Universal Bank, Pravex Bank, Ukrgasbank, etc.  

As for the limits: one can send up to USD 2,999 per day, but not more than USD 6,000 during 30 days, or expand the limits through the form on the website, providing additional documents.

References in the article: paypal, money transfers, transfer
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