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24
Sep

Xoom Announces Instant Deposit Service to ICICI Bank Accounts in India

Xoom expands instant deposit service to one of India’s leading financial institutions

SAN FRANCISCO, CA, September 22, 2014 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, is now offering instant deposits to ICICI Bank accounts in India. This revolutionary service allows Xoom customers to instantly deposit money into their recipients’ ICICI Bank accounts, 365 days a year, including bank holidays. Instant deposits to ICICI Bank are processed through Xoom’s partnership with Punjab National Bank.

“Through our partnership with Punjab National Bank and the breakthrough IMPS technology, we are thrilled to expand our instant deposit service to ICICI Bank, one of India’s largest banks,” said Julian King, Senior Vice President of Marketing and Business Development for Xoom. “Instant deposits are available 365 days, including bank holidays, so customers will never have to wait. Speed and convenience are what customers expect from Xoom’s service and we continue to do just that in our mission to provide instant deposit to even more banks in India.”

In addition to ICICI Bank, Xoom also offers instant deposits to Punjab National Bank, HDFC Bank, Union Bank of India, Bank of Baroda, Federal Bank and Yes Bank.

Xoom provides great locked-in exchange rates for money transfers to India, and there is no fee when customers send more than $1,000 and pay with their U.S.-based bank account. Plus, Xoom continues to provide fast bank deposits within four hours to all other banks in India, including to NRE and NRO accounts, when sent during bank processing hours in India.

Customers can also download the Xoom App for Android and iPhone devices for free. Visit Xoom.com/mobile for more information.

About Xoom
Xoom is a leading digital money transfer provider that enables consumers to send money to 30 countries in a secure, fast and cost-effective way, using their mobile phone, tablet or computer. During the 12 months ended June 30, 2014, Xoom’s more than 1.1 million active customers sent approximately $6.3 billion to family and friends. The company is headquartered in San Francisco and can be found online at Xoom.com.

28
May

Xoom Announces Instant Deposit Service to Punjab National Bank in India

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Xoom’s revolutionary technology expands its instant deposit network to one of the largest banks in India

SAN FRANCISCO, CA, May 27, 2014 — Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, is offering instant deposits to Punjab National Bank accounts in India.

This breakthrough service allows Xoom customers to instantly deposit money directly into their recipients’ Punjab National Bank accounts in India in less than a minute. Instant deposit is available 24 hours a day, seven days a week, 365 days a year, except during a maintenance window from 8 a.m. – 1 p.m. IST on Sundays.

“Xoom is tirelessly working towards providing a fast service for our customers and we are thrilled to announce this expansion of our instant deposit bank network in India,” said Julian King, Senior Vice President of Marketing and Corporate Development for Xoom. “This is great news for people who send money to Punjab National Bank accounts, who otherwise typically have to wait five days or more to access their funds. Through our expanded instant service, NRIs can send money anytime, anywhere from their computer, mobile phone or tablet and their bank deposits reach their recipients’ Punjab National Bank accounts in less than a minute.”

“This revolutionary service marks another milestone in our deep and long standing partnership with Xoom and its subsidiary buyindiaonline,” said Mr. K. Thyagarajan, General Manager, International Banking, Punjab National Bank. He further added, “We are pleased to offer instant deposit  to Punjab National Bank accounts for customers who send money from the U.S. to India and  look forward to bringing a whole new world of convenience and flexibility to our account holders.”

Xoom provides great locked-in exchange rates for money transfers to India, and there is no fee when customers send more than $1,000 and pay with their U.S.-based bank account. Plus, Xoom continues to provide fast bank deposits within four hours to all other banks in India, including to NRE and NRO accounts, when sent during bank processing hours in India.

Customers can also download the Xoom App for Android and iPhone devices for free.

About Xoom
Xoom is a leading digital money transfer provider that enables consumers to send money to 31 countries in a secure, fast and cost-effective way, using their mobile phone, tablet or computer. During the 12 months ended March 31, 2014, Xoom’s more than 1.1 million active customers sent more than $6.1 billion to family and friends. The company is headquartered in San Francisco and can be found online at Xoom.com.

About Punjab National Bank
Punjab National Bank is a leading Public Sector Bank in India headquartered in New Delhi with over 6,200 branches and 7,000 ATMs spread across the country. It serves over 80 million customers. The Bank has developed an advanced computerized module for speedy payments of remittances received.

31
Mar

Xoom Announces Instant Deposit Service to HDFC Bank Accounts in India

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Xoom’s revolutionary technology enables instant deposits to one of the largest banks in India

SAN FRANCISCO, CA, March 31, 2014 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, today announced a partnership with HDFC Bank Limited (NYSE: HDB), by offering instant deposits to INR denominated HDFC Bank accounts in India. This breakthrough service allows Xoom customers to instantly deposit money directly into their recipients’ HDFC Bank accounts in India. The instant service is available 24 hours a day, seven days a week, 365 days a year–even on banking holidays.

“Unlike other transfer services to India which typically take five days or more, Xoom is relentlessly working towards providing ‘instant’ for all of our services, and we are excited to launch instant deposits to HDFC Bank,” said Julian King, Senior Vice President of Marketing and Corporate Development for Xoom. “This is great news for people who send money to HDFC Bank accounts. Now NRIs can send money anytime, anywhere from their computer, mobile phone or tablet and their bank deposits reach their recipients’ HDFC Bank account instantly.”

“At HDFC Bank, we are consistently looking at new ways in which we can make a difference in the lives of our customers. Through this tie-up with Xoom we will be able to provide this breakthrough service of instant deposits,” says Mr. Rajender Sehgal, Group Head, Financial Institutions Group, HDFC Bank. “We look forward to bringing a whole new world of convenience and flexibility to our account holders, allowing them to receive money from the US in a secure manner, at any time of the day or night.

Xoom provides great locked-in exchange rates for money transfers to India, and there is no fee when customers send more than $1,000 and pay with their U.S.-based bank account. Plus, Xoom continues to provide fast bank deposits within four hours to all other banks in India, including to NRE and NRO accounts, when sent during bank processing hours in India. Customers can also download the Xoom App for Android and iOS mobile devices for free. Visit Xoom.com/india for more information.

About Xoom
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 HDFC
Promoted in 1995 by Housing Development Finance Corporation (HDFC), India’s leading housing finance company, HDFC Bank is one of India’s premier banks providing a wide range of financial products and services to its 28.5 million customers across hundreds of Indian cities using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking. Within a relatively short span of time, the Bank has emerged as a leading player in retail banking, wholesale banking, and treasury operations, its three principal business segments.

The Bank’s competitive strength clearly lies in the use of technology and the ability to deliver world-class service with rapid response time. Over the last 19 years, the Bank has successfully gained market share in its target customer franchises while maintaining healthy profitability and asset quality.

As of December 31, 2013, the Bank had a distribution network with 3,336 branches and 11,473 ATMs in 2,104 cities/towns.

For the quarter ended December 31, 2013, the Bank’s total income was INR 127.39 billion (`12,739.0 crore) as against INR 108.18 billion (`10,818.1 crore) for the quarter ended December 31, 2012. Net revenues (net interest income plus other income) were INR 67.83 billion (`6,783.1 crore) for the quarter ended December 31, 2013, as against INR 59.09 billion (`5,909.4 crore) for the corresponding quarter of the previous year. Net Profit for the quarter ended December 31, 2013, was INR 23.25 billion (`2,235.7 crore), up by 25.1% over the corresponding quarter ended December 31, 2012.

Total income for the year ended March 31, 2013, was INR 419.175 billion (`41,917.5 crore).

Leading Indian and international publications have recognised the Bank for its performance and quality.

For more information please log on to: www.hdfcbank.com

12
Nov

Watch Tendulkar’s 200th and final test match for free on Willow.tv

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Can’t buy a ticket for Sachin Tendulkar’s last match, one of the biggest matches in India’s cricket history?

The Mumbai Cricket Association put about 3,500 tickets on sale through a Web site, but the site crashed – and the tickets were not available to be sold at Wankhede for the test match on Wednesday against the West Indies.

But there’s an easy way to make sure you can be part of Tendulkar’s and Team India’s history: You can watch Tendulkar’s 200th and final test match of his 24-year career for free on Willow.tv by simply sending your first Xoom money transfer of $150 or more.  And by doing just that, you can also watch all of Team India’s matches on Willow.tv for free the rest of the year.

Wankhede seats only 32,000, so the demand for tickets to see the “Little Master” end his test career far exceeds the capacity of the stadium.

Now, Xoom has teamed up with Willow.tv to make it easy to be part of history and give Tendulkar your own personal sendoff.

11
Nov

Nothing Lasts Forever

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Nothing lasts forever, not even the history-soaked career of Sachin Tendulkar, the greatest cricket player India ever produced.  The so-called ‘Little Master,’ Tendulkar, the only player to reach 100 international centuries, the highest Test run scorer of all time, is playing his last game – and going out in a blaze of glory.

Tendulkar, who is 40, said he’s calling it quits after Team India’s 2nd Test against the West Indies on Nov. 13 – the 200th Test match of his long career.

Here’s your chance to watch it for free:  You can watch all of Team India’s matches for the rest of the year on Willow.tv simply by sending your first Xoom money transfer of $150 or more.

Tendulkar’s last match ends a monumentally successful career that began 24 years ago and seen the popular, right-handed batsman score a record 100 centuries in Tests and ODIs since he made his debut for Team India in 1989.

Tendulkar, who has played cricket since he was 11, said he’s been more than fortunate, because it’s all he ever wanted to do.

“All my life, I have had a dream of playing cricket for India,” he told CNN.  “I have been living this dream every day for the last 24 years.”

2
Nov

Yuvraj Singh – Team India’s Role Model and Hero

Portrait of young man in Indian cricket team jersey holding national flag over white background

Yuvraj Singh isn’t just a powerful, 31-year-old left-handed batsman or a tricky bowler or one of Team India’s best players, he’s much more than that.  India’s cricket fans recognize him for what he is – a role model and a hero.  Not only because he’s starring in cricket, but also because he battled through three cycles of chemotherapy for a cancerous tumor in his left lung.

Singh’s cancer was discovered in 2011 and since then, he has become a leading crusader for cancer awareness.  Doctors have told Singh that chances of the cancer returning are very slim and Singh is lending his voice in the mission to diminish the impact of cancer on everyone.  In September, he helped the launch of a mobile cancer detection unit in Bangalore.  Singh also attended a cancer awareness rally in Kolkata recently with Bollywood actress Manisha Koirala.

He said he was determined to come back to cricket.

“It is the passion to come back,” Singh said. “If you have the passion, you can come back. This is the reason I am back. Hopefully, I can play a few more years for the country.”

Singh’s talents, in support of Team India, may be on display when Team India plays its first test match against the West Indies on Nov. 5.  Watch all of Team India’s matches on Willow TV for the rest of the year and all you have to do is send your first Xoom money transfer of $150 or more.

28
Oct

Team India Takes on Australia in the Seventh and Final One Day International (ODI)

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It is once again cricket as usual for Team India as it takes on Australia in the seventh and final One Day International (ODI) on Nov. 2 at M Chinnaswamy Stadium in Bengaluru.

The last match of Team Australia’s tour of India showcases two of cricket’s global powerhouses and should shine the direction of the spotlight back on the pitch, relegating to the background the spot-fixing scandal that led to lifetime bans for two players in September by the Board of Cricket Control in India.  The scandal occurred in last year’s Indian Premier League.

Fans of Team India are celebrating the 30th anniversary this year of one of the biggest upsets in Cricket ODIs, the 1983 victory by Team India over the West Indies in the final of the World Cup.

There’s another reason to celebrate.  Watch all the Team India matches on Willow TV for the rest of the year simply by sending your first Xoom money transfer of $150 or more.

Captained by Mahendra Singh Dhonai and led by left-handed batsman Yuvraj Singh, Team India is the reigning champion in the 50-over format, but has had its hands full with Australia, which is wrapping up its 24-day tour against Team India.

15
Oct

Xoom Celebrates Diwali with Cash Sweepstakes

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Tell us what you miss most about celebrating Diwali in India and enter for a chance to win $1,000

SAN FRANCISCO, CA, October 15, 2013 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider is celebrating the auspicious festival of Diwali with a sweepstakes for customers to enter for a chance to win $1,000.

For most Indians, celebrating Diwali with family and friends is one of the nostalgic and joyous memories of growing up in India.  Share your nostalgic moments and tell us how much you miss the festivities from back home and enter to win $1,000.

How to enter:

  1. Visit Xoom’s Facebook page and click on the sweepstakes tab: https://www.facebook.com/Xoom/app_159937697536889
    (note: tab not available on mobile devices).
  2. “Like” Xoom on Facebook. If you already “like” Xoom, the question page will be displayed.
  3. Post a comment to the question:  ‘What do you miss most about celebrating Diwali in India?’
  4. Complete the sweepstakes form and submit it by 11:59 PM PDT on Thursday, November 7, 2013. Limit one entry per person.
  5. The winner will be selected in a random drawing and will be notified via email with instructions on how to claim the $1,000 cash prize.

For complete rules, visit: https://www.facebook.com/notes/xoom/official-rules-of-the-xoom-2013-diwali-sweepstakes/10151951272444721

Earlier this year, Xoom announced that NRIs (Non-Resident Indians) can use Xoom’s money transfer service to send bank deposits directly to their NRE (Non-Resident External) and NRO (Non-Resident Ordinary) bank accounts in India. NRIs can now send bank deposits within four hours to recipients with NRE/NRO accounts, with great locked-in exchange rates.  Customers can visit Xoom.com/india for more information.

About Xoom
Xoom is a digital money transfer provider, focused on helping consumers send money in a secure, fast and cost-effective way using a smartphone, tablet or computer. During the 12 month period ended June 30, 2013, Xoom’s more than 915,000 active customers sent more than $4.3 billion to family and friends in 30 countries. The company is headquartered in San Francisco and can be found online at www.xoom.com.