Xoom.com launches dollar to dollar service to the Philippine

SAN FRANCISCO, October 1, 2010 – Premier online money transfer company Xoom.com made two major announcements today regarding its money transfer services to the Philippines. The announcement marks the launch of new dollar-to-dollar service with lower fees, and a fee free money transfer promotion for all new customers.

New Dollar-to-Dollar service
Transaction fees for the new dollar-to-dollar remittance services have been lowered. Customers can now send up to $1,000 for just $7.99 when paying with a US bank account.

The dollar-to-dollar remittance payout is available for both cash pickup or bank deposit. Dollar cash pickup is available within minutes of sending from many locations including Banco de Oro (BDO), SM Malls, M. Lhuillier pawnshops, SM Forex (YES Currency Exchange Counters), One Network Bank, Bangko Kababayan, Zambales Rural Bank and Card Bank. For added convenience, many pickup locations are open 24 hours a day, seven days a week.

Dollar-to-dollar payout for bank deposits is also available within minutes at Banco de Oro (BDO) and Philippine National Bank (PNB) and within hours at Bank of the Philippine Islands (BPI) and Metrobank.

Fee Free Transfers for New Customers
Xoom.com is also extending an invitation for all new customer to try their services fee-free. First-time customers just need to visit www.xoom.com/libre to enjoy the service at no charge. The fee free money transfer promotion is available for both pesos and US dollar payouts. This offer expires December 31st, 2010.

“This is one of the ways for us to introduce our excellent money transfer services,” said John Kunze, Xoom.com CEO. “We’re certain that once a customer has tried our service, they’ll realize we offer the most convenience and affordability for their remittance needs.”

The fee free money transfer promotion comes just in time for this holiday season. What better gift to give than a money transfer that’s “libre”.

“Malapit na ang Pasko,” said Gene Gutierrez, Xoom Corporation Regional Vice President. “Xoom wants to make sure we do our part in sharing the bounty of the season.”

For more information on the fee free money transfer offer, visit xoom.com/libre.

For information about Xoom.com money transfer services, please visit www.xoom.com or call 1-877-993-7966 for customer service in English or Tagalog. Customers can also send e-mail to Xoom customer service 24 hours a day, 7 days a week by visiting the Xoom Customer Service Help Center at www.xoom.com/help

About Xoom.com
Xoom.com enables individuals to send money from any Internet-enabled computer to family and friends. Xoom Corporation was founded in 2001 in San Francisco and is backed by leading venture firms Sequoia Capital, New Enterprise Associates and Fidelity Ventures. For more information on Xoom.com’s money transfer service to the Philippines, visit www.xoom.com/philippines.

Contact:
Ringo Macabenta
Email: ringo.macabenta@gmail.com
Tel: 650 488-0882