Xoom launches Instant Bank Transfers in Nigeria


Xoom, a leading digital money transfer provider, has announced the expansion its service in Africa through the launch of instant bank transfers in Nigeria, making it easier for people in the United States to quickly and securely send money to Nigeria.

Xoom’s service will allow Nigerian immigrants in the U.S. to conveniently and securely send money to bank accounts in Nigeria with their U.S. bank accounts, credit cards, or debit cards.

When customers send money to Nigeria their transfer will arrive in seconds. All customers require is their recipient’s bank account number, and Xoom will instantly transfer funds to the leading banks in Nigeria.

Customers can send up to US$2,999 for just US$4.99 when paying with their bank account.

“At Xoom, our goal is to make sending money around the world easier, more convenient and faster. That’s why we’re excited to extend Xoom’s services into Nigeria,” said Julian King, Senior Vice President of Marketing and Corporate Development, Xoom.

He added, “According to the World Bank, $5.7 billion is being sent to Nigeria annually from the U.S. With Xoom, users can now send money from their mobile phones in a few clicks and instantly deposit money into their loved ones’ bank accounts in Nigeria. No more waiting in lines at the bank to wire money or at a cash pick-up center.”

Nigerians (and every other person) in the U.S can use the service to send money to loved ones who operate a Nigerian Naira account with GT Bank, First Bank of Nigeria, Zenith Bank, and more.

Xoom provides locked-in exchange rates on Naira (NGN) deposits to Nigeria and a secure and convenient way for immigrants to send money from their computer, tablet, or mobile phone.

To use the service, customers should download Xoom’s Android and iOS app from their respective stores for free.

Xoom is a PayPal service. With Xoom, people get the convenience of sending money on-the-go through a mobile phone, tablet or computer.

Customers also get the peace of mind of having money directly deposited into their loved one’s bank account, and access to 24/7 customer service, 365 days a year.

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