Banco Popular Dominicano Joins Xoom’s Network for Money Transfers to the Dominican Republic
Dominicans can now send money with Xoom.com directly to a bank account at Banco Popular Dominicano within 15 minutes
SAN FRANCISCO, CA, April 9, 2014 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, today announced that Banco Popular Dominicano is offering Xoom’s fast deposit services to the bank’s checking and savings accounts in usually less than 15 minutes to the Dominican Republic. With the addition of Banco Popular Dominicano, Xoom expands its cash pickup network in the Dominican Republic to 576 locations, including Banco BHD, Caribe Express and Banco del Progreso. Xoom and Banco Popular Dominicano also offer Cash Pickup at more than 200 locations across the island.
“Banco Popular Dominicano and Xoom are committed to providing innovations that bring more convenience to our customers and their loved ones,” said Julian King, Xoom’s Senior Vice President, Marketing and Corporate Development. “By adding Banco Popular Dominicano to our network, we are providing customers more options when sending money to the Dominican Republic, and a seamless experience for both the sender and recipient.”
Dominicans will be able to receive their money faster, since they will be able to withdraw the funds from their Banco Popular Dominicano account anytime at more than 700 ATMs across the island. Traditionally, Dominicans receive money through home delivery or cash pickup during business hours. This new faster option gives them access to their money during evening hours, weekends and holidays through the Banco Popular Dominicano ATM network.
“Xoom is an exciting partnership for Banco Popular Dominicano,” said Francisco Ramírez, Banco Popular Dominicano’s Marketing Vice President. “Xoom shares our vision in providing a faster way for sending and receiving money in the Dominican Republic. The innovative bank deposit service makes money available for withdrawal at any of our ATMs in usually less than 15 minutes.”
Xoom customers can send money to the Dominican Republic any time from Xoom.com by clicking here: www.xoom.com/banco-popular. The site is available 24 hours a day, seven days a week, 365 days a year, from any internet-connected device. Banco Popular Dominicano processes bank deposits seven days a week, 23 hours a day. For customers who prefer cash pick up, Banco Popular Dominicano branch locations are open Monday to Saturday from 9:00 AM to 7:00 PM, and Sunday from 9:00 AM to 1:00 PM.
Spanish Language App and SMS Text Alerts
Last year, Xoom announced that it is the first pure-play remittance provider to offer a Spanish-language App for Android and iOS phones. The Xoom App is unique in its simplicity, allowing Xoom customers to complete a quick send money transfer to their recipient with “one tap and one swipe.” This slide-to-send technique allows Xoom customers to send a money transfer to an existing recipient in just seconds.
Xoom offers customers a Spanish-language experience on its mobile App, their desktop and mobile sites and their 24-hour customer care center.
In addition to fast and simple money transfers on the go, Xoom customers can use the App to track the status of their money transfer as their money moves to their loved ones. Other key features of the Xoom App include the ability to review Xoom’s low fees, check exchange rates, contact customer service and access links to other Xoom services.
Xoom is a leading digital money transfer provider in 31 countries, focused on helping consumers send money in a secure, fast and cost-effective way using their mobile phone, tablet or computer. During the year ended December 31, 2013, Xoom’s more than one million active customers sent more than $5.5 billion to family and friends. The company is headquartered in San Francisco and can be found online at Xoom.com.
About Banco Popular
Banco Popular Dominicano is the first bank in the capital of the Dominican Republic, and is a leader in commercial banking and financial services in the country. In 2011, it generated assets of RD $205.553 million (about U.S. $5.265 million and € 4.000 million). Constituted in 1963, Banco Popular opened its doors in Santo Domingo, January 2, 1964. It has 200 branches and more than 700 ATMs across the country.