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24
Nov

Xoom Launches Cross-Border Bill Pay – Pay Bills Online, in Your Home Country, From the U.S.

Xoom Bill Pay – pay your loved one’s bills so they don’t have to

SAN FRANCISCO, CA, November 21, 2014 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, has officially launched Xoom Bill Pay, a cutting edge technology platform that transforms cross-border bill payments, allowing people to pay their loved ones bills online.  Xoom Bill Pay has launched with cross-border bill pay to Mexico, Guatemala, El Salvador, Nicaragua and the Dominican Republic.

“Xoom Bill Pay is completely changing the way cross-border bills get paid to Mexico and other countries, by providing a new and innovative experience for customers to pay bills in just a few clicks or taps,” said Bobby Aitkenhead, Vice President of Xoom Bill Pay. “Now, immigrants can easily pay their loved ones bills online, from the United States. This helps Xoom customers save their loved ones from the hassle and risk of paying their bills in person.”

“Xoom Bill Pay helps its customers take even better care of family members back home, with the same quality service and great experience they have with Xoom Money Transfer,” added Aikenhead.  “Xoom Bill Pay shows customers accurate account balances in real-time, and then they can pay a bill —or multiple bills—instantly.”  The fee is $2.99 per bill paid.

Xoom Bill Pay allows customers to pay electricity, telephone, internet, cable, water and gas bills, from their mobile phone, tablet or computer. Currently, the service will facilitate payments to the most important utility providers in each country, including CFE, the sole energy provider in Mexico, TELMEX, the primary telephone provider in Mexico, and the CDEEE Group of Energy Companies, the sole energy provider in the Dominican Republic.  Others include, Claro, Energuate, Gigacable, Movistar, Telefonica, Tigo, Tricomm, and more.

One Xoom customer, Concepción Salinas, has already enjoyed the security, speed and reliability of Xoom Bill Pay.  “My mom is 70 years old and lives alone,” Salinas said. “In the past, I had to send money for her to pay the bills.  My mom has to go pick it up, then stand in line and go to each separate company to pay bills. With Xoom Bill Pay, my mom now doesn’t have to go out in the street. I don’t put her at risk.”

The ability to query account balances in real-time, using only an account number is a key differentiating feature of Xoom Bill Pay.  This is crucial because:

  • Senders have more visibility into their recipients’ expenses
  • It’s difficult for senders and recipients to access bill receipts in a timely manner
  • Many utilities in developing countries don’t allow partial payments
  • Many utilities disconnect service after a single missed payment

“We believe Xoom Bill Pay is revolutionary for paying bills in developing countries, where it’s very difficult for senders and beneficiaries to access bill receipts in a timely manner, and also hard to have good visibility over recipients’ expenses.” said Aitkenhead.  “In the past, money transfer recipients had to spend hours out of their day traveling to a bill pay retailer, just to stand in line, fill out forms and hand cash over the counter to pay for telephone usage or electricity.  This is now a thing of the past as we have transformed the process by allowing customers to pay the bills cross-border on behalf of their family in an easy and efficient way.”

In 2015, Xoom plans to roll out bill pay services to other Xoom countries, including the Philippines, India, Vietnam, Panama and countries in South America.

About Xoom
Xoom is a leading digital money transfer provider that enables consumers in the United States to send money and pay bills around the world in a secure, fast and cost-effective way, using their mobile phone, tablet or computer. During the 12 months ended September 30, 2014, Xoom’s more than 1.2 million active customers sent approximately $6.5 billion to family and friends. The company is headquartered in San Francisco and can be found online at www.xoom.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to, among other things, expectations, plans, and prospects for Xoom, including, but not limited to, its expectations regarding its expansion into new markets, ability to improve the way people around the world pay their bills and market demand for bill pay and money transfer products. These forward-looking statements are based upon the current expectations and beliefs of Xoom’s management as of the date of this press release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. All forward-looking statements made in this press release are based on information available to Xoom as of the date thereof, and Xoom disclaims any obligation to update these forward-looking statements.

In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: the evolving nature of the industry in which Xoom operates; its failure to attract new customers or retain existing customers; economic, political or regulatory factors beyond its control, in the U.S. or in countries to which its customers transfer money and pay bills; fluctuations in foreign exchange rates; competitive pricing and marketing strategies by competitors; the adoption of competing technologies that supplant its services; the failure of partners to disburse funds according to Xoom’s instructions; declines in customer confidence in its business or in money transfer providers generally; potential breaches of its security systems; and other risks and uncertainties.

For a detailed discussion of these and other cautionary statements, please refer to the risk factors discussed in filings with the U.S. Securities and Exchange Commission (“SEC”), including but not limited to Xoom’s Annual Report on Form 10-K for the year ended December 31, 2013 and any subsequently filed reports on Forms 10-Q and 8-K. All documents are available through the SEC’s Electronic Data Gathering Analysis and Retrieval system (“EDGAR”) at www.sec.gov or Xoom’s website at www.xoom.com.

24
Nov

Xoom lanza “Pago de facturas transfronterizo” – Pague facturas en línea de su país de origen, desde los EE.UU.

Xoom Bill Pay – pague las facturas de sus seres queridos, para que ellos no tengan que hacerlo.

SAN FRANCISCO, CA, 21 de noviembre de 2014 – Xoom Corporation (NASDAQ: XOOM) un proveedor líder de transferencias digitales de dinero, ha lanzado oficialmente Xoom Bill Pay, una plataforma con tecnología de vanguardia que transforma los pagos internacionales de facturas, permitiendo que las personas paguen en línea, las facturas de sus seres queridos. Xoom Bill Pay se ha lanzado con pagos transfronterizos a México, Guatemala, El Salvador, Nicaragua y la República Dominicana.

“Xoom Bill Pay está cambiando completamente el modo de pagar facturas en México y otros países, al ofrecer una experiencia nueva e innovadora para que nuestros clientes paguen facturas con pocos clics o toques de pantalla”, dijo Bobby Aitkenhead, Vicepresidente de Xoom Bill Pay. “Ahora, nuestros clientes pueden pagar las facturas de sus seres queridos, desde los Estados Unidos. Esto le evita las molestias y riesgos a sus seres queridos de pagar sus facturas personalmente”.

“Xoom Bill Pay ayuda a nuestros clientes a cuidar mejor a sus familiares y amigos allá en casa, con el mismo servicio de calidad y excelente experiencia que han tenido con envíos de dinero con Xoom”, añadió Aitkenhead. “Xoom Bill Pay les muestra a nuestros clientes los saldos correctos de las cuentas en tiempo real y, pueden pagar una factura – o varias facturas – al instante. La tarifa es de $2.99 por factura pagada.

Xoom Bill Pay le permite a los clientes pagar facturas de electricidad, teléfono, Internet, cable, agua y gas, desde su celular, su tableta o su computadora. Actualmente, el servicio facilita pagos a los más importantes proveedores de servicios públicos en cada país, incluyendo a CFE, el único proveedor de energía en México, TELMEX, el principal proveedor de telefonía en México y, el Grupo de Empresas de Energía CDEEE, el único proveedor de energía en la República Dominicana. Otras empresas son: Claro, Energuate, Gigacable, Movistar, Telefónica, Tigo, Tricomm y, varias más.

Una clienta de Xoom, Concepción Salinas, ya ha disfrutado la seguridad, velocidad y confiabilidad de Xoom Bill Pay. “Mi mamá tiene 70 años y vive sola”, dijo Salinas. “Anteriormente, tenía que enviarle dinero para que ella pagara las facturas. Mi mamá tenía que ir a recoger el dinero y, luego hacer una fila en cada una de las empresas para pagar las facturas. Con Xoom Bill Pay, mi mamá no tiene que salir a la calle y, así no la pongo en riesgo”.

La posibilidad de consultar los saldos de las cuentas en tiempo real, usando solamente un número de cuenta, es una característica diferenciadora de Xoom Bill Pay. Esto es crucial, porque:

  • Los clientes que envian dinero tienen mejor información sobre los gastos de sus seres queridos
  • Es difícil que los clientes en Estados Unidos y los paises de Latinoamericanos tengan acceso a los recibos de pago oportunamente
  • Muchas empresas de servicios públicos en los países en desarrollo, no permiten pagos parciales
  • Muchas empresas de servicios desconectan el servicio con una sóla factura no pagada

“Creemos que Xoom Bill Pay es una forma revolucionaria de pagar facturas en países en desarrollo, donde es muy difícil que las personas que envian dinero y sus beneficiarios tengan acceso a las facturas oportunamente.  Ademas es difícil para los que envian dinero tener información sobre los gastos de sus beneficiarios”, dijo Aitkenhead “Anteriormente, los destinatarios de envíos de dinero tenían que gastar horas trasladándose a una empresa de pago de facturas, hacer fila, llenar formularios y, pasar efectivo sobre el mostrador para pagar por el uso del teléfono o la electricidad. Esto es ahora algo del pasado, ya que hemos transformado el proceso al permitirles a los clientes que paguen las facturas a través de las fronteras, a nombre de sus familiares, de un modo fácil y eficiente”.

Xoom planea extender el servicio de pago de facturas en el 2015, a otros países Xoom, incluyendo Filipinas, India, Vietnam, Panamá y, otros países en Sur América.

Acerca de Xoom
Xoom es un proveedor líder de transferencias digitales de dinero que les facilita a los consumidores en los Estados Unidos, el envío de dinero y el pago de facturas alrededor del mundo. de manera segura, rápida y económica, usando su celular, su tableta o su computadora. Durante el periodo de 12 meses terminado el 30 de septiembre de 2014, los más de 1.2 millones de clientes activos de Xoom, enviaron aproximadamente $6,500 millones a familiares y amigos. La compañía tiene sus oficinas principales en San Francisco y se puede visitar en línea en www.xoom.com.

Declaraciones a futuro

Este comunicado de prensa contiene declaraciones a futuro, según lo establecido en el Artículo 27A de la Securities Act de 1933 y del Artículo 21E de la Securities Exchange Act de 1934, relacionados entre otras cosas con las expectativas, planes y prospectos de Xoom incluyendo, pero sin limitarse a, sus expectativas relacionadas con su expansión a nuevos mercados, capacidad de mejorar la manera como la gente alrededor del mundo paga sus facturas y, la demanda mundial de productos para pago de facturas y transferencias de dinero. Estas declaraciones a futuro se basan en las expectativas y convicciones actuales de la gerencia de Xoom en la fecha de este comunicado de prensa y, están sometidas a algunos riesgos e incertidumbres que podrían ocasionar que los resultados reales sean materialmente diferentes de los descritos en las declaraciones a futuro. Todas las declaraciones a futuro hechas en este comunicado de prensa, se basan en información disponible para Xoom en esta fecha y, Xoom renuncia a cualquier obligación de actualizar estas declaraciones a futuro.

Los siguientes factores en particular y, entre otros, pueden ocasionar que los resultados sean materialmente distintos de los expresados o implícitos en estas declaraciones a futuro: la naturaleza evolutiva de la industria en la cual opera Xoom; su insuficiencia para atraer nuevos clientes o, para retener a los clientes actuales; factores económicos, políticos o reguladores, fuera de su control, en EE.UU. o en países hacia los cuales sus clientes transfieren dinero y donde pagan facturas; fluctuaciones en tasas de cambio de divisas; precios competitivos y estrategias de mercadeo de los competidores; la implementación de tecnologías que sustituyan sus servicios; fallas por parte de los socios para desembolsar el dinero según instrucciones de Xoom; disminución de la confianza de los clientes en sus negocios o con los proveedores de transferencias de dinero en general,; violaciones posibles a su sistema de seguridad y, otros riesgos e incertidumbres.

Para ver un examen detallado de éstas y otras declaraciones de precaución, por favor revise los factores de riesgo analizados en presentaciones a la U.S. Securities and Exchange Commission (“SEC”), incluyendo pero sin limitarse a Reporte Anual de Xoom en formulario 10-K, para el año terminado el 31 de diciembre de 2013 y, otros reportes presentados posteriormente en formularios 10-Q y 8-K. Todos los documentos están disponibles a través del sistema Electronic Data Gathering Analysis and Retrieval (“EDGAR”), en www.sec.gov o, en el sitio web de Xoom, www.xoom.com

14
Nov

Square and Xoom Team with Latino Startup Alliance to Award Latina-Owned Businesses in California

Latina Entrepreneurs are Invited to Enter the Soy Empresaria Business Plan Competition

SAN FRANCISCO, Calif., November 14, 2014 – Latino Startup Alliance, Square, and Xoom today announced the launch of Soy Empresaria, a program to give Latina entrepreneurs in California the opportunity to win $10,000 in financial support and mentorship.

“Every entrepreneur should have access to tools and resources to start, run, and grow their business so they can compete on the merit of their ideas and work,” said Ricardo Reyes, Vice President of Brand at Square. “Soy Empresaria honors Latina entrepreneurs and the impact they make on their communities.”

Soy Empresaria will recognize the three leading Latina business-owners in California at an event at Square’s headquarters where each will be awarded a $10,000 prize. Each of the winners will also receive coaching from notable executives from Square, Xoom, and the Latino Startup Alliance.

“Xoom is happy to be teaming up with Square and Latino Startup Alliance to provide hardworking Latina entrepreneurs with the opportunity to grow their business. Today, Latina business owners who send money home can do so in seconds with the Xoom App, and use the time saved to focus on their business,” said Theresa Pasinosky, Senior Director of Brand at Xoom.

“At Latino Startup Alliance, our goal is to help Latino tech entrepreneurs gain access to the resources, capital, and networks they need to succeed. That is why we are excited to announce the launch of Soy Empresaria, in partnership with Square and Xoom. Together, we want to celebrate and support the growth of Latina-owned small businesses in California,” said Deldelp Medina, president of the Latino Startup Alliance.

Business plan submissions must be made by 11:59 PM on December 14, 2014 to qualify. For more information on how to submit a business plan for Soy Empresaria, and for rules and regulations, visit www.latinabiz.soy. Join the conversation on Facebook and Twitter by using the hashtag #SoyEmpresaria.

Media Contacts:

Latino Startup Alliance:
Deldelp Medina
deldelp@latinostartupalliance.org

Square:
Johnny Brackett
brackett@squareup.com

Xoom:
Robin Carr
415-660-1239
robin.carr@xoom.com

27
Oct

Xoom Announces Instant Deposit Service to Kotak Mahindra Bank Accounts in India

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

SAN FRANCISCO, CA, October 23, 2014 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, is now offering instant deposits to Kotak Mahindra Bank accounts in India. This revolutionary service allows Xoom customers to instantly deposit money into their recipients’ Kotak Mahindra Bank accounts, 365 days a year, including bank holidays. Instant deposits to Kotak Mahindra 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 Kotak Mahindra Bank,” 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 Kotak Mahindra Bank, Xoom also offers instant deposits to ICICI Bank, HDFC Bank, Punjab National Bank, Bank of Baroda, Union Bank of India, 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 www.xoom.com.

About Kotak Mahindra Bank
Established in 1985, the Kotak Mahindra group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the group’s flagship company, received banking license from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to become a bank – Kotak Mahindra Bank Ltd (KMBL).

KMBL offers complete retail financial solutions for varied customer requirements. The Savings Bank Account goes beyond the traditional role of savings, and provides range of services through a comprehensive suite of investment services and other transactional conveniences like Online Shopping, Bill Payments, ASBA, Netc@rd, ActivMoney (Automatic TD sweep-in and Sweep-out) etc. Kotak’s Jifi, a first-of-its-kind fully integrated Social Bank Account, redefines digital banking by seamlessly incorporating social networking platforms like Twitter and Facebook with mainstream banking.

KMBL also offers an Investment Account where Mutual Fund investments are recorded and can be viewed in a consolidated fashion across fund houses & schemes. Further, the Bank offers loan products such as Home Loans, Personal Loans, Commercial Vehicle Loans, etc. Keeping in mind the diverse needs of the business community, KMBL offers comprehensive business solutions that include Current Account, Trade Services, Cash Management Services and Credit facilities.

21
Oct

Xoom Announces Instant Deposit Service to Bank of Baroda Accounts in India

Xoom Expands Instant Deposit Service to One of India’s Leading Financial Institutions

SAN FRANCISCO, Oct. 21, 2014 (GLOBE NEWSWIRE) — Xoom Corporation (Nasdaq:XOOM), a leading digital money transfer provider, is now offering instant deposits to Bank of Baroda bank accounts in India. This revolutionary service allows Xoom customers to instantly deposit money into their recipients’ Bank of Baroda bank accounts, 365 days a year, including bank holidays. Instant deposits to Bank of Baroda 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 Bank of Baroda, one of the largest public sector banks in India,” 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 Bank of Baroda, Xoom also offers instant deposits to ICICI Bank, HDFC Bank, Punjab National Bank, Union Bank of India, 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.

7
Oct

How likely are you to send your next money transfer online?

Sending money back home to friends and family in the Philippines is a unique bonding moment for both parties. The people back home receive something tangible and valuable while the sending party owns a feeling of accomplishment and personal reward for doing something empowering that makes all parties feel warm. That’s a powerful combination for everyone.

Xoom is an acknowledged leader in the global money transfer business and has made it very easy for its customers to send money back home, especially online and through its popular new mobile app. Click, and Xoom, the money is there.

Xoom decided to conduct a survey of its Fil-Am customers to find out more about the tendencies of sending money online. Xoom asked the question: How likely are you to send your next money transfer online?

The highest percentage of the respondents, 32 percent, said they were very likely to send their next money transfer online while 29 percent of those who answered the survey question said they were likely to go online to send their next money transfer.

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.

14
Aug

Xoom’s CEO Kunze Chats Bitcoin, Mobile Apps, and More

It’s a hot-button topic, to be sure, but for money transfer powerhouse Xoom, the use of bitcoin just might be something that eventually comes into play. That’s what Xoom CEO John Kunze said in a revealing interview with PYMNTS.com’s CEO Karen Webster. You can check out the story for yourself, and also click on the accompanying audio link.

Everyone knows that Xoom occupies a pivotal position in the global money transfer business, but many may not know that the bitcoin currency opportunity could have a place in how money is moved.

Or not. There’s a long way to go, Kunze said in the interview.

“I think anyone that wants to move money from point A to point B has to deal with . . . very important challenges that, for bitcoin to succeed, players in the ecosystem must also solve in addition to still being efficient and not costly.”

Kunze mentioned self-regulation, consumer protection and regulation as challenges for bitcoin to become part of the money transfer business.

Xoom’s chief pointed out that typically $500 billion in money transfers crosses borders each year, and he also touched on Xoom’s groundbreaking mobile app that’s making a lot of headway.

“More than half of our users are sending with our mobile app, which was a great milestone that we hit,” Kunze said in the interview.