PayPal expands further into the mobile commerce space

Mobile commerce growth global world

PayPal successfully acquires money transfer service Xoom PayPal has announced that it has successfully acquired Xoom Corp., a digital money transfer service provider. This may represent yet another step toward PayPal’s plans to become a more prominent entity in the mobile commerce space. Xoom is currently considered one of the world’s leading remittance companies. The company allows consumers to use their mobile devices to send funds, and pay bills, using their mobile devices, making the process more convenient. Xoom may help PayPal reach new consumers that are interested in mobile…

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