Skip to content
9
Mar

Xoom Expands Instant Money Transfer Service to Most Banks in Pakistan in Partnership with HBL

SAN FRANCISCO, CA, March 9, 2015 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, now offers instant deposits to most banks in Pakistan via HBL. Pakistanis in the U.S. can now use Xoom to instantly send money to their loved one’s rupee account anytime, anywhere, using any device. Xoom’s instant service is  available 24 hours a day, seven days a week, 365 days a year, including bank holidays.

Xoom has partnered with HBL, one of the the largest banks in Pakistan, to broaden its instant deposit service to most banks, including MCB Bank Limited, Allied Bank, Bank Alfalah, United Bank Limited (UBL), Standard Chartered Bank, and many more.

“When Xoom launched in 2001, our mission was to make international money transfers faster, easier, and more transparent,” said Julian King, Senior Vice President of Marketing and Corporate Development for Xoom. “Now, by expanding our instant deposit service to most banks throughout Pakistan, we’ve delivered on that promise to even more customers.”

Speaking at the launch ceremony, Mr. Hassan Raza, Group Head – Structured Credits & Global Remittance Business of HBL said, “I am delighted to announce HBL’s partnership with Xoom Corporation, where we are providing remittance services with instant credit to account holders of HBL and other banks in Pakistan. This is yet another milestone for HBL. We will continue to deliver the promise of providing HBL customers the ease and convenience of remitting money from US to their loved ones back in Pakistan.”

Xoom customers sending money to Pakistan can rely on secure, convenient, and cost-effective money transfers every day of the year – including bank holidays. When paying with their bank account, customers can send up to $1,000 for just $4.99, and transfers are fee-free for transactions over $1,000. They can also send money on the go with Xoom’s app for Android and iOS mobile devices. Visit Xoom.com/Pakistan for more information.

About Xoom
Xoom is a leading digital money transfer provider that enables consumers to send money and pay bills for family and friends around the world in a secure, fast, and cost-effective way, using their mobile phone, tablet or computer. During the 12 months ended December 31, 2014, Xoom’s more than 1.2 million active customers sent approximately $6.9 billion with Xoom. The company is headquartered in San Francisco and can be found online atXoom.com.

About HBL
As Pakistan’s worldwide bank, HBL offers banking solutions to customers in 29 countries spanning across four continents. Its tradition of personalized service and capacity to respond to customer needs makes HBL the largest bank in the country for cross-border trade and remittances.

Through a robust network of 1,547 branches across Pakistan, HBL pursues financial inclusion with vigor. Its 1400+ ATM’s nationwide offer unmatched convenience. The bank maintains the lead in providing solutions through alternate delivery channels.

HBL continues to expand its franchise and enhance its capacity through a balanced approach to capital preservation and growth. At HBL, banking is offered beyond borders.

2
Mar

Xoom Announces Instant Deposit Service to all LANDBANK Accounts in the Philippines

Xoom now offers instant deposits to the fourth largest bank in the Philippines

SAN FRANCISCO, CA, February 27, 2015 – Xoom Corporation (NASDAQ: XOOM), a leadingdigital money transfer provider, now offers instant deposits to all LANDBANK peso and U.S. dollar accounts. LANDBANK joins BDO, Metrobank and PNB – four of the top five banks in the Philippines – with instant deposit service for Xoom customers.

“Xoom continually looks for ways to improve our service, and this direct partnership with LANDBANK is another example,” said Pia Guter, Xoom’s Director of Marketing for the Philippines. “Customers can rest assured that their loved ones with LANDBANK accounts will receive their money without waiting or having to worry about cut-off times. Xoom customers can send anytime, anywhere, using their computer, tablet or mobile phone.  It also takes just seconds to send using the new Xoom mobile app.”

“We are very excited about this new partnership with Xoom. Our partnership will definitely be a big help to Filipinos in the U.S. looking for a fast and very efficient way of sending money back home. Remittances will be processed and credited to their loved ones’ LANDBANK peso or U.S. dollar accounts in real time,” said Rene Eje, Vice President, OFW Remittance Group at LANDBANK.

“We are a partner of the National Government in promoting progress through socially-oriented programs and projects. Overseas Filipinos and their beneficiaries are among LANDBANK’s priority clients because of the roles they play in stimulating our economy,” added Eje.

LANDBANK, the fourth largest bank in the Philippines, is a government-owned bank with a large rural network that serves farmers, fishermen, small to medium enterprises, and microenterprises.

In the past, senders were mindful of cut-off times, arranging their schedule to send during specific times, so their recipient would not have to wait another full day to receive money.  Instant deposit in the Philippines means no waiting for either the sender or recipient, making this a fast and convenient service for all Xoom customers.  Visit https://www.xoom.com/philippines for more information.

About Xoom
Xoom is a leading digital money transfer provider that enables consumers to send money to and pay bills for family and friends around the world in a secure, fast and cost-effective way, using their mobile phone, tablet or computer. During the 12 months ended December 31, 2014, Xoom’s more than 1.2 million active customers sent approximately $6.9 billion with Xoom. The company is headquartered in San Francisco and can be found online at Xoom.com.

About LANDBANK
Land Bank of the Philippines is a government financial institution that strikes a balance in fulfilling its social mandate of promoting countryside development while remaining financially viable. Over the years, LANDBANK has successfully managed this tough balancing act as evidenced by the continued expansion of its loan portfolio in favor of its priority sectors: the farmers and fisherfolk, small and medium enterprises and micro enterprises, livelihood loans and agribusiness, agri-infrastructure and other agri- and environment-related projects, socialized housing, schools and hospitals. Today, LANDBANK is by far the largest formal credit institution in the rural areas. LANDBANK also ranks among the top five commercial banks in the country in terms of deposits, assets, loans and capital.

18
Feb

Xoom Announces Instant Deposit and Cash Pickup Services with Banco Agrícola, the Largest Bank in El Salvador

Money can be deposited instantly into any Banco Agrícola account, 24 hours a day, seven days a week, 365 days a year

SAN FRANCISCO, CA, February 9, 2015 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, and Banco Agrícola, the largest bank in El Salvador, have collaborated to offer instant bank deposits to all Banco Agrícola accounts, as well as a cash pickup service.  These new services allow Xoom customers to instantly send money directly into any Banco Agrícola account or have recipients pick up cash at more than 80 Banco Agrícola locations throughout El Salvador.

“Xoom is committed to providing ‘instant’ services, and we’re pleased to launch instant deposit with the largest bank in El Salvador,” said Julian King, Xoom’s Senior Vice President, Marketing and Corporate Development. “People can choose from two convenient ways to send money — instant deposit or cash pickup. Through our collaboration with Banco Agrícola, customers can rest assured that their loved ones can receive 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.”

Xoom customers can send money for cash pickup at any Banco Agrícola location, which are generally open Monday to Friday, from 9:00 a.m. to 4:00 p.m.

You can send money to El Salvador 24 hours a day, seven days a week, from any internet connected device. From there, they can quickly and easily deposit money or send cash to any Banco Agrícola location.

About Xoom
Xoom is a leading digital money transfer provider that enables consumers to send money to and pay bills for family and friends around the world in a secure, fast and cost-effective way, using their mobile phone, tablet or computer. During the 12 months ended December 31, 2014, Xoom’s more than 1.2 million active customers sent approximately $6.9 billion with Xoom. The company is headquartered in San Francisco and can be found online at Xoom.com.

18
Feb

Xoom anuncia los servicios de Depósito Instantáneo y Pago en Ventanilla en el Banco Agrícola, el banco más grande de El Salvador

El dinero puede ser depositado al instante en cualquier cuenta en el Banco Agrícola, 24 horas al día, siete días a la semana, 365 días al año

 SAN FRANCISCO, CA, 17 de febrero de 2015 – Xoom Corporation (NASDAQ: XOOM), un proveedor líder de transferencias digitales de dinero y, Banco Agrícola, el banco más grande de El Salvador, han colaborado para ofrecer depósitos instantáneos en todas las cuentas en el Banco Agrícola y además el servicio de Pago en Ventanilla. Estos nuevos servicios permiten a los clientes de Xoom enviar dinero al instante, directamente a cualquier cuenta en el Banco Agrícola, o que sus destinatarios puedan retirar el dinero en más de 80 sucursales del Banco Agrícola en todo El Salvador.

“Xoom está comprometida en la oferta de servicios “instantáneos” y, estamos contentos de lanzar el depósito instantáneo con el banco más grande de El Salvador”, dijo Julian King, Vicepresidente Senior de Mercadeo y Desarrollo Corporativo de  Xoom. “La gente puede escoger entre dos manera convenientes de enviar dinero – depósito instantáneo o pago en ventanilla. Debido a nuestra colaboración con el Banco Agrícola, los clientes pueden estar tranquilos de que sus seres queridos pueden recibir el dinero sin esperas y sin tener que estar pendientes de las horas de cierre. Los clientes de Xoom pueden hacer sus envíos 24 horas al día, siete días a la semana, cada día del año, desde sus computadores, teléfonos móviles o tabletas”.

Los clientes de Xoom pueden enviar dinero para pago en ventanilla en cualquier Sucursal del Banco Agrícola, las cuales generalmente abren de lunes a viernes, desde las 9:00 a.m. hasta las 4:00 p.m.

Puedes enviar dinero a El Salvador las 24 horas del día, siete días a la semana, desde cualquier dispositivo conectado a Internet. Desde allí, pueden depositar el dinero o enviarlo, rápida y fácilmente, a cualquier sucursal del Banco Agrícola.

Acerca de Xoom
Xoom es un proveedor líder de transferencias digitales de dinero que habilita a los consumidores en los Estados Unidos para enviar dinero y pagar facturas alrededor del mundo de modo seguro, rápido y eficiente, usando sus celulares, tabletas o computadores. Durante los 12 meses terminados el 31 de diciembre de 2014, los más de 1,2 millones de clientes activos de Xoom, enviaron aproximadamente $6.900 billón a familiares y amigos. La compañía tiene su sede en San Francisco y se encuentra en línea en Xoom.com.

12
Feb

Xoom Launches Instant Money Transfer Service to Pakistan

Xoom’s revolutionary technology enables instant deposit to Habib Bank Limited

SAN FRANCISCO, CA, February 12, 2015 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, today announced the launch of its money transfer service to Pakistan. Xoom has partnered with Habib Bank Limited (HBL), one of the largest banks in Pakistan, to offer instant deposits to HBL accounts in Pakistan. Deposits are instant 24 hours a day, seven days a week, 365 days a year, including bank holidays. With the addition of Pakistan, Xoom’s money transfer services now reach 32 countries worldwide

“We are thrilled to announce that Xoom now offers instant deposits to HBL bank accounts in Pakistan,” said John Kunze, Xoom’s President and CEO.  “With Xoom’s breakthrough technology, Pakistanis living in the U.S. can experience secure, convenient, and cost-effective digital money transfers.”

“HBL takes pride to announce its partnership with Xoom,” said Hassan Raza, Group Head – Structured Credits and Global Remittance Business. “This is yet another step by the bank to provide banking solutions to its customers. Through this collaboration, families residing in Pakistan can receive their money instantly and safely with ease and convenience from the U.S.”

Xoom makes it secure and convenient for Pakistani immigrants to send money from their computer, tablet, or mobile phone. When paying with their bank account, customers can send up to $1,000 for just $4.99, and transfers are fee-free for transactions over $1,000. Customers can also download Xoom’s app for Android and iOS mobile devices to send money on the go. Visit Xoom.com/pakistan for more information.

About Xoom
Xoom is a leading digital money transfer provider that enables consumers to send money to and pay bills for family and friends around the world in a secure, fast and cost-effective way, using their mobile phone, tablet or computer. During the 12 months ended December 31, 2014, Xoom’s more than 1.2 million active customers sent approximately $6.9 billion with Xoom. The company is headquartered in San Francisco and can be found online at Xoom.com.

About HBL
As Pakistan’s worldwide bank, HBL offers banking solutions to customers in 29 countries spanning across four continents. Its tradition of personalized service and capacity to respond to customer needs makes HBL the largest bank in the country for cross-border trade and remittances.

Through a robust network of 1,547 branches across Pakistan, HBL pursues financial inclusion with vigor. Its 1400+ ATM’s nationwide offer unmatched convenience. The bank maintains the lead in providing solutions through alternate delivery channels.

HBL continues to expand its franchise and enhance its capacity through a balanced approach to capital preservation and growth. At HBL, banking is offered beyond borders.

11
Feb

Winners announced for Soy Empresaria Business Plan Competition

Three Latina entrepreneurs in California awarded $10,000 and mentorship

SAN FRANCISCO, Calif., January 29, 2015 Today, the Latino Startup Appliance announced the winners of it’s inaugural Soy Empresaria Business Plan Competition, a program in partnership with Square and Xoom to recognize three Latina entrepreneurs in California.

After receiving a vast amount of applications from a variety of business types, the Soy Empresaria judging panel selected three winners whose business plans and supporting videos best demonstrate how they plan to grow and make a difference in their community. The winners are:

Winners will be recognized at an event at Xoom’s headquarters, where each will be awarded a $10,000 prize and coaching from notable executives from the Latino Startup Alliance, Square, and Xoom.

“We are proud to announce the winners of Soy Empresaria. All of the entrants to the contest were savvy, smart and have solid businesses. Latinas in California have shown us that they are the future of business leadership in California. We are thankful to all of our judges and our partners Square and 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 reward these women for their business potential.” said Deldelp Medina, president of the Latino Startup Alliance.

The Soy Empresaria judging panel included:

  • Father Gregory “Greg” Joseph Boyle, an American Jesuit priest; founder and Director of Homeboy Industries; and former pastor of Dolores Mission Church.
  • Victor Escobedo, CEO, Papalote, Inc.
  • Nely Galán, independent producer and former President of Entertainment for Telemundo.
  • Kevin Hartz, Co-Chief Executive Officer, Eventbrite, Inc.; Co-Founder and former CEO of Xoom Corporation.
  • Julia Hartz. Co-Founder and President, Eventbrite, Inc.
  • Linda T. Sánchez, U.S. Representative for California’s 38th congressional district.

For more information about Soy Empresaria, and for rules and regulations, visit www.latinabiz.soy. Join the conversation on Facebook and Twitter by using the hashtag

#SoyEmpresaria.

11
Feb

Felicitaciones Winners of the Soy Empresaria Business Plan Competition

It is with great pleasure that we announce the winners of Latino Startup Alliance‘s Soy Empresaria Business Plan Competition that we co-sponsored with Square. The competition was for Latina owned businesses in California that showed leadership, drive and commitment, and are making a difference in their communities. Congratulations to these three businesses that will surely inspire the next generation on empresarias.

A big congratulations goes out to My EscuelitaQuetzal Mama, and Latina Golfers Association!  They most impressed the panel of judges — which included top executives from companies like Eventbrite, Papalote, and Telemundo. The winners will each receive $10,000 to set their plans in motion, as well as mentorship from executives at Square and Xoom.

Irma Vazquez, founder of My Escuelita: Spanish for Kids
My Escuelita’s mission is to teach Spanish to children through play and interaction. The program provides a stimulating environment that fosters language development by exposing children to traditional music, literature, games, themes, and Latin American traditions.

What motivated you to start this business?
I started My Escuelita for my children! Together with a group of teacher friends, we developed these Spanish classes because we were unable to find quality programs in our local community.

What sort of impact have you had on your community?
We have over 300 students learning Spanish each week. We are very proud that we are able to hire women in our local community to teach classes.

What are your plans for the $10,000?
We are going to overhaul our website and develop a comprehensive marketing plan. We’re also looking for a new space so that we can expand our offerings.

Roxanne Ocampo, founder of Quetzal Mama
Quetzal Mama provides college admissions coaching services to students who lack access to professional consultants. Services are free and include culturally relevant, proprietary curriculum geared exclusively to low-income, first-generation, high-performing Latino students.

What was your motivation to start this business?
After coaching my own two children toward admission to Ivy League schools, I decided to share my knowledge with other students. My first cohort were four young men at the top of their class who lived in migrant camps in the Central Valley. I wanted to commit myself to helping students like them — who need guidance but cannot afford the costs to hire a college admissions expert.

How have you grown since you started?
Mentally, I’ve learned the complex college admissions process that’s often unknown to Latino parents and students. As a result, I’ve published two books, created a blog, and launched a webinar series to expand my reach to students. I’ve also grown physically and spiritually. As a cancer survivor, I believe my health has dramatically improved by focusing my energy on helping others.

What sort of impact have you had so far on your community?
100% of the students who have received Quetzal Mama coaching have earned admission to their top three universities. Additionally, Quetzal Mama students typically receive a full ride and have won regional and national scholarship awards. Recently, a QM student was featured on the Katie Couric show, the recipient of its $45,000 Dream America Scholarship.

What are your plans for the $10,000?
This wonderful gift will allow me to extend my reach beyond California and serve students, parents, and K-12 institutions on a national level. I’ll have the necessary funds to produce a professional social media platform and receive mentorship and guidance from technical experts and leaders along the way.

Elizabeth Azucena Maldonado, founder of Latina Golfers Association
The Latina Golfers Association (LGA) makes it easy and welcoming for girls and women to learn to play golf — a sport that’s often utilized as an important business tool. LGA offers golf clinics, lessons, tournaments, and outings for women.

What motivated you to start this business?
Golf is a powerful networking activity — but I saw so few women included in this elite boys’ club. I set out to create welcoming and unintimidating golf experiences for women to learn how to play and use it as a business tool.

How have you grown since you started?
We now offer an entire golf curriculum for Latinas that teaches the basic fundamentals of golf as well as etiquette. Over 1,200 women from the Los Angeles County area have taken part in our golf clinics, lessons, tournaments, and outings.

How have you made an impact on your community?
I’ve seen women gain self-confidence and subsequently blossom in their careers, businesses, and personal lives.

What are your plans for the $10,000?
The $10,000 award will allow us to purchase a new computer and the equipment needed to keep us current on social media. It will also give me the resources to hire part-time support and a technical consultant.

For more information about Soy Empresaria. Join the conversation on Facebook and Twitter by using the hashtag #SoyEmpresaria.

2
Feb

Xoom Launches Instant Money Transfer Service to China, Processed Through UnionPay

Xooms breakthrough technology enables instant deposits to China

SAN FRANCISCO, CA, February 2, 2015 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, today announced the launch of its money transfer service to China. This instant bank deposit service allows Chinese immigrants with a U.S. bank account, credit card, or debit card to conveniently send money online to most bank accounts in China within seconds. With the addition of China, Xoom’s money transfer service now reaches 31 countries worldwide.

“This is a significant milestone for Xoom,” said John Kunze, Xoom’s President and CEO. “As we expand our service to the world’s most populous country, Chinese immigrants in the U.S. can safely, conveniently, and cost-effectively send money to their loved ones. With Xoom’s breakthrough technology, money can be deposited into the recipient’s account instantly. No waiting in line, no high fees. Just the most convenient money transfer service possible. Plus, our customers can always count on 24/7 service, 365 days a year.”

When customers send money to China during bank processing hours (7 a.m. to 10 p.m., Beijing Standard Time), their transfer will arrive in seconds. Transfers are processed through the UnionPay MoneyExpress network.  All customers require is their recipient’s UnionPay card number and the Pin-Yin name associated with that card.  Xoom will instantly transfer funds to some of the most recognizable banking brands in China, including Bank of China, Bank of Communications, China Construction Bank, and Industrial and Commercial Bank of China. Customers can send up to $2,999 for just $8.88 when paying with their bank account.

Xoom provides locked-in exchange rates on Renminbi (CNY) deposits to China and a secure and convenient way for Chinese immigrants to send money from their computer, tablet, or mobile phone. Customers can download Xoom’s app for Android and iOS mobile devices for free. Visit Xoom.com/china for more information.

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 Xoom.com.