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Xoom partners with Ria Money to spur global expansion

Xoom, PayPal's international money transfer service, has announced a partnership with Ria, a subsidiary of Euronet Worldwide, to offer Xoom customers cash pick-up service at more than 150,000 of Ria's international network locations.

Through this partnership, Xoom said it is significantly increasing its presence in Eastern Europe and Africa, so customers in the U.S. can now send money to 70 percent of countries around the world by going online or using a mobile phone, according to a press release.

"Partnering with Ria allows us to grow our global footprint and significantly expand our services in the African diaspora and across Eastern Europe, which is a tremendous landmark for Xoom," Julian King, Xoom's vice president and general manager, said in the release. "With this expansion, Xoom now offers service to over 130 countries globally, including many countries that have limited access to digital remittance services. These customers now have a fast, secure, reliable and convenient way to send money to loved ones around the world."