Xoom, a subsidiary of US online payment giant PayPal, now allows money transfers from the United States to Ukraine,

Xoom, a subsidiary of US online payment giant PayPal, now allows money transfers from the United States to Ukraine, Ilia Kenigshtein, CEO of Creative Quarter, reports on his Facebook page. Kenigshtein predict that Xoom represents the first step for Ukraine to become a full member of PayPal’s payment system. Entering the fast growing wage remittance business, Xoom will allow Ukrainians to receive from the US up to $ 2,999 per day, for a monthly maximum of $6,000. The National Bank of Ukraine forecasts that Ukrainians working abroad will send $11.5 billion home this year. This would make labor Ukraine’s third largest export, after agriculture and metals.