PayPal's Xoom makes move on Canada's $24.5-billion international remittance market

New immigrants and migrant workers often pay a high price to send money to families back home, which is helping draw new players to what is about a $24.5 billion US per-year market for the estimated eight million people in Canada using such services.
Xoom, a subsidiary of PayPal, is the latest entry to Canada offering to slash the cost of making such transfers by almost half, on average, based on World Bank figures, using its PayPal-based digital platform.
“We know there is a very large im