Xoom, a US firm that enables P2P money transfer either online or via smartphone, is providing an international remittance service for MVNOs which operate on Sprint’s US network.

The company’s target market is immigrants to the US who want to send money back to their home country.

The agreement means the MVNOs’ users can sign up to Xoom from their mobile handsets and then send funds to Latin America, the Philippines, India, Europe, Canada, Australia and South Africa.

The deal makes sense for Xoom which says transaction volume originating from a mobile device accounted for 30 per cent of its total transactions in Q2 2013, compared to 18 per cent in the same period last year.

Currently all Android handsets available from Sprint’s own prepaid brands – Boost Mobile and Virgin Mobile – are preloaded with Xoom’s service.