Xoom, a PayPal service
John Kunze brings in-depth knowledge of global payments technology to PayPal. As head of Xoom, John is responsible for expanding PayPal’s range of international money transfer services. Xoom makes it easy, fast and secure for people to send their hard-earned money to loved ones, which is important to PayPal’s strategic vision to make the movement and management of money work better for people.
John Kunze came to PayPal with the acquisition of Xoom in November 2015. As President and CEO of Xoom, he and his team built one of the most innovative platforms in the digital money transfer and remittance space, with the majority of transactions taking place on a mobile device. Xoom helps 1.5 million customers to send money to and pay bills for family and friends in 40 countries including China, India, Pakistan, Mexico and the Philippines, in a secure, fast and a cost-effective way. Xoom’s established direct connections to more than 60 disbursement partners in receiving countries ensure speed and security of funds out, and its bill pay and mobile reload services offer enhanced customer experiences.