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12
Nov

PayPal Completes Acquisition of Xoom

PayPal to Enter International Remittances Market with Leading Technology Platform

SAN JOSE, Calif. & SAN FRANCISCO – PayPal, Inc. (NASDAQ:PYPL) and Xoom Corporation (NASDAQ:XOOM) today announced that PayPal has completed its previously announced acquisition of Xoom. In accordance with the terms of the acquisition agreement announced on July 1, 2015, PayPal acquired all of the outstanding shares of Xoom for $25 per share in cash.

Xoom will operate as a separate service within PayPal under the continued leadership of John Kunze, who has joined PayPal’s executive staff and will report to PayPal CEO Dan Schulman.

Xoom is a secure, fast and affordable way to send money to, and pay bills for, family and friends around the world, using a mobile phone, tablet or computer. With Xoom, PayPal has access to 1.5 million active U.S. customers that sent approximately $7.1 billion in the 12 months ending on September 30, 2015 to people in 40 countries such as Mexico, India, the Philippines, China and Brazil. Beyond its global reach, Xoom has a loyal, mobile-savvy customer base, with 97 percent of its payment volume coming from repeat users and 60 percent of its active users on mobile.

PayPal and Xoom are well-positioned to democratize the management and movement of money. By combining PayPal’s global scale with Xoom’s capabilities, the companies plan to create simpler, more secure and faster ways for more people to send and access their money. Through this acquisition, Xoom will help accelerate PayPal’s entrance into the international remittances market, while PayPal will help expand Xoom’s services to more people in more places around the globe.

PayPal also announced that there will be no changes to its full year 2015 guidance issued on October 28, 2015 based on the acquisition. As previously announced, for full year 2016, PayPal expects the acquisition to be slightly dilutive to its non-GAAP earnings per share.

About PayPal
At PayPal (Nasdaq: PYPL), we put people at the center of everything we do. Founded in 1998, we continue to be at the forefront of the digital payments revolution, last year we processed 4 billion payments, of which 1 billion were made on mobile devices. PayPal gives people better ways to connect to their money and to each other, helping them safely access and move their money and offering a choice of how they would like to pay or be paid. With our 173 million active customer accounts, we have created an open and secure payments ecosystem that people and businesses choose to securely transact with each other online, in stores and on mobile devices. PayPal is a truly global payments platform that is available to people in 203 markets, allowing customers to get paid in more than 100 currencies, withdraw funds to their bank accounts in 57 currencies and hold balances in their PayPal accounts in 26 currencies. For more information on PayPal, visit about.paypal-corp.com. For PYPL financial information visit investor.paypal-corp.com.

About Xoom
Xoom is a leading digital money transfer provider that enables consumers to send money, pay bills and send prepaid mobile phone reloads 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 September 30, 2015, Xoom’s 1.5 million active customers sent approximately $7.1 billion with Xoom. The company is headquartered in San Francisco and can be found online at Xoom.com.

Contacts
PayPal, Inc.
Investors:
Tracey Ford,
Senior Director, Investor Relations
tford@paypal.com
or
Media:
Martha Cass, 416-860-6213
Director, Corporate Communications
mcass@paypal.com

14
Sep

Xoom Launches Money Transfer Service to Singapore

Xoom Customers Can Conveniently, Safely and Economically Send Money to Loved Ones in Singapore

SAN FRANCISCO–(BUSINESS WIRE)– Xoom Corporation (NASDAQ:XOOM), a leading digital money transfer provider, announced today the launch of its money transfer service to Singapore. Xoom customers can now send money online to bank accounts in Singapore via their U.S. bank accounts, credit cards or debit cards. Money can be sent to 10 local banks in Singapore, including DBS, POSB, UOB, OCBC and Standard Chartered Bank, and deposited into the recipient’s account.

“We are so excited to offer our money transfer services to customers with family and friends in Singapore,” said Iain Allison, Vice President of Business Development at Xoom. “We look forward to delivering convenient, safe, and economic service to the Singapore market. Our friends from Singapore will experience the most caring and responsive customer service anywhere 24/7/365, with live customer service representatives ready to take their calls any time of day or night. Plus, our service is absolutely risk-free – your money arrives or Xoom offers a money-back guarantee.”

When paying with a bank account, Xoom customers can send up to US$2,999 to Singapore for just US$4.99. Money can be sent via computers, tablets, or mobile phones. Customers can download Xoom’s app for Android and iOS mobile devices for free and, with Xoom’s convenient StatusTrack feature, senders and recipients both receive SMS text messages with real-time updates on the status of the transfer. The Xoom mobile app also offers Apple’s ground-breaking Touch ID technology, which enables customers to use their fingerprint data to sign in to the Xoom application on the iPhone 5s, 6 and 6 Plus.

Visit Xoom.com/singapore for more information.

About Xoom
Xoom is a leading digital money transfer provider that enables consumers to send money, pay bills, and send prepaid mobile phone reloads 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 June 30, 2015, Xoom’s more than 1.4 million active customers sent approximately $6.9 billion via the Xoom platform. The company is headquartered in San Francisco and can be found online at Xoom.com.

4
Aug

Xoom Debuts Website in Vietnamese

Now Vietnamese Customers Can Send Money with Ease and Confidence

SAN FRANCISCO, CA, August 4, 2015 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, today announces the launch of its Vietnamese-language sites for sending money to Vietnam.  Xoom is offering Vietnamese language on its desktop and mobile sites. In order to provide a comprehensive in-language money transfer experience, Xoom’s future emails and SMS communications will be available in Vietnamese language as well.

“Our customers have always been able to trust Xoom to send money to Vietnam, but with our Vietnamese-language site, our customers now have even greater peace of mind,” said Pia Guter, Xoom’s Director of Marketing for Vietnam.  “Many of our customers are first generation Vietnamese and providing them with a complete in-language experience makes our service more meaningful and personal.”

With Xoom, senders can choose to have the money sent via door-to-door delivery, cash pick up and bank deposits.  Delivery is made on the same day in city areas and within two days to most provinces.  Instant cash pick up is available at more than 400 locations, and fast bank deposits are available to Vietcombank, Sacombank, Vietinbank, DongA and many other banks.  Payout in U.S. Dollar or Vietnamese Dong is also available. Senders pay only $2.99 to send up to $2,999 when they pay with their bank account.

About Xoom
Xoom is a leading digital money transfer provider that enables consumers to send money, pay bills and send prepaid mobile phone reloads 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 June 30, 2015, Xoom’s more than 1.4 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.

4
Aug

Xoom ra mắt trang mạng tiếng Việt

Giờ đây khách hàng Việt Nam có thể tự tin gửi tiền một cách dễ dàng

SAN FRANCISCO, CA, 4 Tháng 8, 2015 – Tập đoàn Xoom (NASDAQ: XOOM), một nhà cung cấp dịch vụ chuyển tiền kỹ thuật số hàng đầu, hôm nay thông báo khai trương trang mạng tiếng Việt để phục vụ việc chuyển tiền về Việt Nam. Xoom hỗ trợ tiếng Việt trên trang mạng dành cho máy tính để bàn lẫn trang mạng dành cho thiết bị di động. Nhằm cung cấp một trải nghiệm chuyển tiền toàn diện bằng tiếng Việt, các email và tin nhắn SMS trong tương lai của Xoom cũng sẽ viết bằng tiếng Việt.

“Khách hàng của chúng tôi xưa nay vẫn luôn tin tưởng Xoom khi sử dụng dịch vụ gửi tiền về Việt Nam nhưng với trang mạng tiếng Việt mới này, khách hàng giờ đây sẽ an tâm nhiều hơn nữa,” theo phát biểu của Pia Guter, Giám đốc Tiếp thị của Xoom cho thị trường Việt Nam. “Nhiều khách hàng của chúng tôi là người Việt thế hệ thứ nhất nên việc cung cấp cho nhóm khách hàng này một trải nghiệm tiếng Việt toàn diện sẽ làm cho dịch vụ của chúng tôi có ý nghĩa hơn và mang tính cá nhân hơn.”

Với Xoom, người gửi tiền có thể chọn gửi tiền thông qua giao tiền tận nơi, nhận tiền tại ngân hàng ở Việt Nam, hoặc chuyển khoản. Tiền được giao trong ngày ở các khu vực thành thị và trong vòng hai ngày đến đa số các tỉnh. Nhận tiền ngay tức thời tại hơn 400 điểm, và chuyển khoản ngân hàng nhanh áp dụng cho Vietcombank, Sacombank, Vietinbank, DongA và nhiều ngân hàng khác. Khách hàng có thể chọn chi trả tiền cho người nhận bằng đô la Mỹ hoặc đồng Việt Nam. Người gửi chỉ trả $2.99 để gửi số tiền lên đến $2,999 khi trả phí bằng tài khoản ngân hàng.

Giới thiệu Xoom
Xoom là một nhà cung cấp dịch vụ chuyển tiền kỹ thuật số hàng đầu cho phép người tiêu dùng gửi tiền, thanh toán hóa đơn và gửi tiền nạp điện thoại di động trả trước cho gia đình và bạn bè trên khắp thế giới một cách bảo mật, nhanh chóng, và hiệu quả về chi phí, bằng điện thoại di động, máy tính bảng, hay máy điện toán. Trong 12 tháng tính đến 30 Tháng 6, 2015, hơn 1.4 triệu khách hàng của Xoom đã gửi khoảng $6.9 tỉ qua Xoom. Công ty Xoom có hội sở tại San Francisco và hoạt động trên mạng tại Xoom.com.

29
Jul

Xoom launches service to Hong Kong

Consumers can use Xoom to send bank deposits to Hong Kong

SAN FRANCISCO, CA, July 28, 2015 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, announced today the launch of its money transfer service to Hong Kong. This bank deposit service allows immigrants from Hong Kong and other individuals to conveniently send money online to bank accounts in Hong Kong with their U.S. bank accounts, credit cards, or debit cards.

“We are thrilled to extend Xoom’s services to the Hong Kong market,” said John Kunze, Xoom’s President and CEO. “With our breakthrough technology, Hong Kong immigrants in the U.S. can safely, conveniently, and cost effectively send money to their friends and families back home.  Money can be deposited into the recipient’s account within two business days.  No waiting in line, no high fees. Just the most convenient money transfer service possible.”

Last but not least, Xoom provides locked-in exchange rates on HKD deposits to Hong Kong and a secure and convenient way to send money from their computers, tablets, or mobile phones. Customers can download Xoom’s app for Android and iOS mobile devices for free.  When paying with a bank account, customers can send up to US$2,999 for just US$8.88.  Visit Xoom.com/hong-kong 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 March 31, 2015, Xoom’s more than 1.3 million active customers sent approximately $7.0 billion with Xoom. The company is headquartered in San Francisco and can be found online at Xoom.com.

24
Jul

Xoom launches service to Austria, Belgium, Greece, and Portugal

Consumers save time and money sending money with Xoom Vs. bank wires

SAN FRANCISCO, CA, July 7, 2015 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, has expanded its service to include Austria, Belgium, Greece and Portugal.

Xoom offers fast deposits and can deposit money in as little as 24 hours when customers send by 4:00 p.m. IST (Irish Standard Time). Transactions submitted after that time will be deposited in two business days.

Sending money to AustriaBelgiumGreece and Portugal with Xoom is easier and more affordable than going to a bank. Consumers no longer need to waste time going to the bank and standing in line to wire funds. Xoom is available online at Xoom.com and offers a mobile app for iOS, Android and Amazon phones.

The cost to send money with Xoom when paying with a U.S.-based bank account is $4.99 to send up to $2,999. Recipients will not be charged fees from the receiving bank, which is typical on wire transfers.

“Historically, to send money to AustriaBelgiumGreece, and Portugal, expats were forced to use bank wires, which are typically slower and cost more in fees,” said Iain Allison, Xoom’s head of business development for Europe. “Xoom now allows expats from these countries to deposit money more quickly and affordably – using xoom.com or the mobile app. Plus, customer service is available 24 hours a day, 7 days a week,” added Allison.

About Xoom Xoom is a leading digital money transfer provider that enables consumers to send money, pay bills, and send mobile reloads 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 March 31, 2015, Xoom’s more than 1.3 million active customers sent approximately $7.0 billion with Xoom. The company is headquartered in San Francisco and can be found online at Xoom.com.

13
Jul

Xoom debuts website in Chinese

Now Chinese customers can send money with Xoom with ease and confidence

SAN FRANCISCO, CA, July 7, 2015 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, today announces the launch of their Chinese language sites for sending money to China.  Xoom is offering Chinese language on their desktop and mobile sites.  In order to provide a comprehensive in-language money transfer service, Xoom’s future emails and SMS communications will be in Chinese-language as well.

“Our customers can trust Xoom to send money to China,” said Helen Li, Xoom’s China marketing manager.  “I moved to the United States from China years ago, and understand the importance of providing our Chinese customers with a complete in-language experience.  Xoom’s Chinese language site provides more trust and peace of mind to customers that feel more comfortable communicating in Chinese,” added Helen.

Xoom launched the money transfer service to China in February of this year.  When customers send bank deposit to China during bank processing hours (7 a.m. to 10 p.m., Beijing Standard Time), the fund will be available directly in receiver’s bank account in seconds.  The transfers are processed through the UnionPay MoneyExpress network. All customers require is their recipient’s bankcard numbers.  Xoom will instantly transfer funds to some of the most recognizable banks 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 accounts.

About Xoom
Xoom is a leading digital money transfer provider that enables consumers to send money, pay bills, and send mobile reloads 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 March 31, 2015, Xoom’s more than 1.3 million active customers sent approximately $7.0 billion with Xoom. The company is headquartered in San Francisco and can be found online at Xoom.com.

20
May

Xoom Adds Home Delivery in Vietnam, Cash Pickup and Deposits to Sacombank

New partnership provides faster and more options for receiving money in Vietnam

SAN FRANCISCO, CA, May 11, 2015 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, has partnered with Sacombank, one of the largest banks in Vietnam, to offer same-day home delivery, instant cash pickup, and fast bank deposits. With this partnership, senders can deposit money in minutes directly to Sacombank, Vietcombank, and DongA Bank as well as send fast deposits to nine Banknet banks, including Saigonbank, PVComBank, and VietinBank.

U.S. dollar service is also available with the new partnership. Customers sending money to Vietnam can now have U.S. dollars delivered, picked up, or deposited into their loved one’s accounts. Instant cash pickup is available at more than 400 Sacombank branches across the country.

Xoom expands its service to Vietnam to help the estimated 1.3 million Vietnamese immigrants living in the United States send money more easily to friends and family. Most Vietnamese immigrants remit money using agent locations — an experience that’s typically time-consuming and inconvenient. Xoom offers a mobile phone app that allows money to be sent in seconds, while saving the customer from the hassle of driving to the store, waiting in line, and talking to an agent.

Anne Le Tran, Xoom’s senior copywriter for Products, moved from Saigon to the U.S. at the age of nine. “I enjoy working at Xoom.com because the company is committed to helping immigrants save time, while providing a great service for their families back home,” said Le Tran. “I recommend Xoom.com to anyone who needs to send money to Vietnam,” she adds.

“We are excited to partner with Xoom,” said Mr. Le Vu Bang, head of retail banking at Sacombank. “Together, we offer a revolutionary money transfer service where the sender sends in just seconds, and the receiver picks up in seconds — giving instant access to their money.”

Xoom is open 24 hours a day, 7 days a week to help with the time difference between the United States and Vietnam. During banking hours in Vietnam, customers can receive their funds at a Sacombank location instantly.

Pia Guter, an immigrant from the Philippines, is the marketing director in charge of Vietnam. “Xoom is the easiest way to send money to Vietnam. Customers can send money in seconds with Xoom’s app,” says Guter. “Sacombank is a great partner that offers our customers plenty of choice for sending money. Whether you want delivery or pickup, dong or dollar — Xoom offers it,” adds Guter.

Recipients don’t need to have a Sacombank account to receive a money transfer from Xoom. In addition, door-to-door delivery is available to most cities and provinces. Same-day delivery is available for most major cities and is one to two days for provincial areas.

Visit Xoom.com/vietnam 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 March 31, 2015, Xoom’s more than 1.3 million active customers sent approximately $7.0 billion with Xoom. The company is headquartered in San Francisco and can be found online at www.xoom.com.

About Sacombank
Headquartered and listed in Vietnam, Sacombank is one of the leading commercial banks in the country and continuously growing in Cambodia and Laos with more than 10,000 employees and more than 420 business locations in the region. Sacombank (Cambodia) Plc., a wholly-owned subsidiary of Sacombank, was transformed from a branch in October 2011. The bank offers broad range of banking products and services to private individuals, self-employed customers, as well as small- and medium-sized enterprises in the region wide.