Xoom: PayPal Weighs Sale of Cross-Border Business Xoom

PayPal is reportedly mulling a sale for its cross-border payment unit Xoom. The digital payments company has been working "on the sales process in recent months," and has hired Goldman Sachs for assistance, The Information reported, citing unnamed sources. An attempted sale could be a sign that Elliott Management, which purchased a stake in PayPal in 2022, is affecting the company's [...] The post PayPal Weighs Sale of Cross-Border Business Xoom first appeared on PYMNTS.com.