Xoom Now Sends Cash from US to 3700 Bradesco Branches in Brazil

A Bradesco bank branch in Brazil San-Francisco-based money transfer company Xoom Corporation announced that they have expanded their service in Brazil by adding cash pickup service at over 3700 Banco Bradesco branch locations through their partnership with Bancomer Transfer Services (BTS).

This new cash pickup service is in addition to the already existing Direct to Bank deposit service to any bank account in Brazil.

According to a company press release, money transfers to Brazil on Xoom.com are fee-free for transactions from US$ 475 to US$ 2500. For amounts under US$ 475 it costs US$ 5 to send the cash.

From now on Xoom customers should be able to send money to their beneficiary for cash pickup at any Banco Bradesco branch location or they can deposit the money directly to any bank account in Brazil.

There is a variety of ways to fund the transaction online, including a checking account, credit card, payroll card or PayPal.

The money is usually available to the beneficiary within 15 minutes of completing the transaction. The beneficiary does not have to have a bank account to pick up the money.

People can send money to Brazil online through Xoom.com by going to the website www.xoom.com/brazil.  They can get a free money transfer on their first transfer by using coupon code Envie.

Xoom was founded in 2001 in San Francisco and is backed by leading venture firms Sequoia Capital, New Enterprise Associates and Fidelity Ventures.
 
Bancomer Transfer Services, Inc. (BTS) is a non-bank subsidiary of BBVA Bancomer and is licensed for money transmission from the United States abroad. Provider of money transfer services since 1995, BTS is headquartered in Houston, Texas and currently provides service to Mexico, the Caribbean, Central and South America, Europe and Asia. BTS has the largest bank distribution in Latin America.

Tags:

Ads

You May Also Like

Brazil Sees an Explosion of Recycled Jewelry and Eco-Friendly Designers

Brazilians represent all that’s romantic and carefree in our stressed world. This freedom of ...

English for Brazucas 4

What Brazucas call bife is actually uma posta de carne and may be prepared ...

Bullish Brazil Gets Record High Stocks and Lowest Dollar in 9 Years

The Brazilian stock exchange (Bovespa), this Friday, May 2, in its first trading session ...

Brazil and LatAm in Boom Phase. Caution Is Recommended Though

In Latin America the business climate in July reached its highest level in a ...

Brazil Starts Year with US$ 916 Million Trade Surplus

Brazilian exports totalled the equivalent to US$ 3.577 billion up to the second week ...

The view Bush will have from his Hilton suite in São Paulo, Brazil

Bush Won’t See Shacks Brazil Razed But Will Still Have Favela View

Too bad that three families had their shacks set up on the sidewalk of ...

Brazil Starts Pro Youth Program with US$ 115 Million

When he signed the Provisional Measure, yesterday, instituting the National Youth Inclusion Program, Brazil’s ...

Blumenau, Santa Catarina state, Brazil

Brazil Celebrates Slow Progress While the World Zooms Fast Ahead

Throughout the 19th century Brazil evolved more slowly than the countries that, thanks to ...

Despite Oil and Iron’s Good Showing Industrial Output Falls in Brazil

After three consecutive months of increases in production in the industrial sector, output in ...

After Reducing 40% of Child Labor, Brazil’s Effort Becomes Less Effective

The work developed by Brazil in the last 12 years for fighting child labor ...