PayPal and Xoom Thursday announced that PayPal has completed its previously announced acquisition of Xoom. In accordance with the terms of the acquisition agreement announced July 1, PayPal acquired all of the outstanding shares of Xoom for $25 per share in cash.

Xoom will operate as a separate service within PayPal under the continued leadership of John Kunze, who has joined PayPal’s executive staff and will report to PayPal CEO Dan Schulman, according to a press release.

Xoom is considered to be one of the leading international remittance companies in the U.S. It enables consumers to send funds to, and pay bills for, family and friends worldwide using their mobile phones, tablets or computers.

PayPal also announced that there will be no changes to its full year 2015 guidance issued on Oct. 28 based on the acquisition. As previously announced, for full year 2016, PayPal expects the acquisition to be slightly dilutive to its non-GAAP earnings per share.