New York: Coming as a boon for the world-wide Non-Resident Indian community, an American Company has launched an instant money transfer service in the India, regarded as the world's largest remittance market.

The company, Xoom Corporation, has appointed Wall Street Instant Cash, a subsidiary of the Patel Group that has a broad network of retail outlets across India, as its local market distribution partner, media reports quoting company officials reported on October 29.

The world-wide non-resident Indian community will now be able to send money home instantly and securely via www.xoom.com, the officials claimed adding the cash would be made available immediately to recipients for any national Wall Street Instant Cash location.

Door-to-door, direct deposit and bank draft delivery service will be offered later this year, he said.

"We are very excited to be able to offer our service to the global non-resident Indian community," said Kevin Hartz, co-founder and CEO of Xoom.

Xoom said, currently it offers a secure, swift, and inexpensive means to send money from 38 countries to recipients in India, the Dominican Republic, and Jamaica.

Wall Street Instant Cash is a remittance company held by the $ 2 billion Patel Group that is headquartered in Dubai.

PTI