International money transfer service Xoom, owned and operated by financial technology company PayPal, has unveiled a new offering that allows customers in the United States to send money directly to Visa debit card users.

A recent statement made by PayPal indicated a partnership between Xoom and financial services company Visa. This partnership makes it possible for debit card customers to receive payments directly from Xoom.

There are now 25 countries that support the functionality, some of which include the Philippines, Sri Lanka, Thailand, Ukraine, and Vietnam. Users no longer have to wait the standard amount of time for bank transfers, which is five business days, as a recently introduced feature now allows them to access their money in a matter of minutes.

According to Wei-Lin Lee, PayPal’s vice president of remittances, the new service has the potential to help people through the winter and holidays. Lee noted that during those times, many customers were transferring money to their friends and family located in other countries, and that this process needed to be completed as quickly as possible.

Yanilsa Gonzalez-Ore, executive director of Visa Direct North America, noted that there has been an increase in demand for “digital solutions that help remove obstacles” among those who want to transfer money to other countries.

Meanwhile, PayPal has become more comprehensive in its coverage of all aspects of financial transactions. By enhancing its product offering in international financial transactions, the company has now begun to accept CRYPTOCURRENCIES How paid

In 2018, the company launched the pilot program for its cross-border payments, resulting in significant time and cost savings for participating institutions.

In 2022, the company began enabling native transfers of PayPal digital assets to other wallets and exchanges hosted on third-party platforms. Cross-border payments for businesses are often connected to Ripple within the crypto space. Ripple is the company behind the XRP coin, which is now at the center of an ongoing court case.