![]() On Twitter, Facebook, Google News, and Instagram. Qatalyst Partners is financial adviser to Xoom and Goodwin Procter LLP is its legal adviser.įollow HT Tech for the latest tech news and reviews, also keep up with us youll have to tap your profile icon > Account Info > Close your account. Morgan Securities LLC is financial adviser to PayPal, while Sidley Austin LLP is its legal adviser. Paypal App LoginTransfer money using our Xoom service to 130+ countries. The company is slated to separate from eBay this month and list as an independent company. PayPal said the deal, expected to close in the fourth quarter of 2015, will slightly hurt its adjusted earnings per share for 2016. It intends to fund the transaction with cash on its balance sheet. The San Jose, California-based company said holders of about 18 percent of Xoom's outstanding shares, including all executive officers and directors of Xoom and certain entities affiliated with Sequoia Capital, have agreed to vote for the deal. Online commerce foe Inc is also beginning to explore in-store payments. Founded in 2001 and headquartered in San Francisco, California, Xoom, a PayPal Service, is a digital money transfer provider. PayPal faces increasing competition from rivals like Stripe and Square, which is popular with smaller businesses, and Apple Inc's Apple Pay. ![]() ![]() To log in with your PayPal account: Go to the Log in page. Xoom will operate as a separate service within PayPal after the completion of the deal. Since Xoom is a PayPal Service, you can also pay with your PayPal balance and the other payment methods in your PayPal account, when available. The acquisition would allow Xoom to expand into new markets with less execution risk, Xoom CEO John Kunze said on Wednesday. Xoom, which has 1.3 million customers and a presence in 37 countries, allows users to transfer money via desktop, mobile phones and tablets. 'Our aim is to bring the companies together to make it a true consumer champion in remittances,' PayPal President Dan Schulman said in an interview with Reuters.
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