Definition 1 of 1
Historically, usurious companies like Western Union, MoneyGram and/or banks would help with the movement of this money; oftentimes charging exorbitant prices. The money would also arrive on IST.
Xoom is a disruptive cross-border money transfer or remittances company that makes it fast and cheap for Indians abroad to send money to India. They are have gained so much traction that they now have Big B dressed up in a blue velvet jacket, supporting the brand.