Xoom Announces Instant Deposit Service with BDO, the Largest Bank in the Philippines
Money can be deposited instantly into any BDO account, 24 hours a day, seven days a week, 365 days a year
SAN FRANCISCO, CA, December 10, 2013 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, and BDO, the largest bank in the Philippines, have collaborated to offer instant bank deposit to all BDO accounts. This new service allows Xoom customers to instantly send money directly into a BDO account.
“Xoom is committed to providing ‘instant’ in all of our services, and we are pleased to launch instant deposit with the largest bank in the Philippines, BDO.” said Julian King, Senior Vice President of Marketing and Corporate Development for Xoom. “With our collaboration with BDO, people can rest assured that their loved ones can receive their money without waiting or having to be mindful of cut-off times. Xoom customers can send 24 hours a day, seven days a week, every day of the year from their computer, mobile phone or tablet.”
In the past, people were mindful of cut-off times, arranging their schedule to get to the bank to deposit their money and not have to wait another full day. Instant deposit means no waiting on the part of either the sender or recipient, making this a fast and convenient service for all Xoom customers. Visit Xoom.com/philippines for more information.
Xoom is a leading digital money transfer provider, focused on helping consumers send money in a secure, fast and cost-effective way using their mobile phone, tablet or computer. During the 12 month period ended September 30, 2013, Xoom’s more than 997,000 active customers sent more than $5.1 billion to family and friends in 30 countries. The company is headquartered in San Francisco and can be found online at Xoom.com.