Xoom, a digital money transfer provider, has launched a technology platform, known as Xoom Bill Pay, to allow cross-border bill payments.
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Launched in Mexico, Guatemala, El Salvador, Nicaragua and the Dominican Republic, Xoom Bill Pay will facilitate immigrants to help their family in the homeland by paying bills online in a few clicks or taps with a real-time view of their account balances.
Bobby Aitkenhead, vice president of Xoom Bill Pay, said: "We believe Xoom Bill Pay is revolutionary for paying bills in developing countries, where it’s very difficult for senders and beneficiaries to access bill receipts in a timely manner, and also hard to have good visibility over recipients’ expenses.
"In the past, money transfer recipients had to spend hours out of their day traveling to a bill pay retailer, just to stand in line, fill out forms and hand cash over the counter to pay for telephone usage or electricity.
"This is now a thing of the past as we have transformed the process by allowing customers to pay the bills cross-border on behalf of their family in an easy and efficient way."
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