FAP, May 17 / PRNewswire-FirstCall-Asianet /-- US payments company PayPal has been looking for buyers for its international remittance service Xoom, according to a person familiar with the matter. PayPal's sale of the service shows that Elliot Management (Elliott Management), the company's investor, is having an impact on PayPal's strategic thinking. Elliott Management increased its stake in PayPal last year. PayPal has been working with Goldman Sachs on Xoom's sales process in recent months, the person familiar with the matter said. It is reported that PayPal bought Xoom for about $1 billion in 2015, a service that allows customers to transfer money to others and pay international bills. (The Information)