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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.

10
Feb

Do you plan to send money to a loved one in the Philippines for Valentine’s Day?

Valentine’s Day is a holiday that brings loved ones together on a unique special occasion and there are many ways to celebrate. Maybe a dinner out, or a bouquet of flowers or a box of chocolates. But there are other meaningful ways to celebrate as well. Xoom thought about one of them.

Sending money home is a way Filipinos show their love to the family and friends they have left behind, but have not forgotten.

So Xoom, one of the leaders in the global money transfer business, decided it would be interesting to conduct a survey of its Filipino-American clients. Xoom asked the question: ‘Do you plan to send money to a loved one in the Philippines for Valentine’s Day?’

The majority of those who answered the survey, 36 percent, said yes, they would send money back home for Valentine’s Day. Only 28 percent said they didn’t plan to send money.

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.

23
Jan

Will you watch the Miss Universe pageant on TV on Jan. 25?

There are some television shows that many people find irresistible, and that’s just fine. But on the other hand, there are also other TV shows that you wouldn’t even reach across the table for the channel clicker to watch them.

That’s sort of the fun of it, isn’t it? One of those television programs that could fall into either category is coming up. So Xoom, an international leader in the global money transfer business, thought it would be a good idea to take a survey of its clients and asked them, ‘Will you watch the Miss Universe pageant on TV on Jan. 25?’

It needs to be noted that Mary Jean Lastimosa, better known simply as MJ, holds the crown as the Philippines contestant and is considered one of the favorites to win the Miss Universe competition.

Some 40 percent of those who took part in the survey said no, they aren’t going to watch, but 30 percent said, sure, they would watch the Miss Universe pageant. And some of the respondents simply couldn’t make up their mind – 30 percent said they might watch it.

22
Jan

Xoom Announces Touch ID for Mobile Money Transfers

Xoom customers can use their fingerprint to sign in to the mobile app.

SAN FRANCISCO, CA, Jan. 22, 2015 — Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, today announced that it will incorporate Apple’s Touch ID technology into their mobile money transfers application. This gives customers the option to use their fingerprint data to sign in to the Xoom application on the iPhone 5s, 6 and 6 Plus. The Xoom App with Touch ID is available at the Apple AppStore.

Xoom has always placed safety and security as a top priority; and now with Touch ID on the Xoom Mobile App, this presents an enhanced customer experience with authentication that is simple and highly secure,” said Joe Raymond, Xoom’s Vice President of Product. “In keeping with our mission of creating a seamless customer experience across our platform, Touch ID will make it faster and easier for our customers to send money from the Xoom App, without having to type in a password.”

Touch ID is a fingerprint identity sensor that is located in the Home button of select Apple devices. Touch ID takes a high-resolution image of the user’s fingerprint and then analyzes it in order to create its mathematical representation. The data points generated through the analysis are stored locally on the user’s device, and are used for comparison with fingerprint data captured through any subsequent Touch ID usage.

During log in, Xoom’s Mobile Application determines whether the Xoom customer has enabled Touch ID on their device. If the service is enabled, the customer is asked if they want to use Touch ID for subsequent logins. If the customer agrees, they can then authenticate with nothing more than their fingerprint on all future logins. Even if the Xoom customer chooses not to make use of Touch ID at this time, they can always enable the service manually through the Xoom application’s Settings menu.

During the nine months ended September 30, 2014, 49 percent of the total number of transactions was sent via mobile devices as compared to 32 percent in the same period in the prior year. During the nine months ended September 30, 2014, more than $1.6 billion of Xoom’s gross sending volume was sent from mobile devices which represented growth of approximately 99 percent compared to the same period in the prior year.   As of September 30, 2014, 55 percent of Xoom’s active customers have transacted at least once via a mobile device during the last twelve months as compared to 42 percent, September 30, 2013.

Spanish Language App
Xoom offers customers a Spanish-language experience on its App, desktop and mobile sites and via Xoom’s 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.
The Xoom App is available at the Apple AppStore and Google Play.

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.

 

20
Jan

Do you think you can keep your New Year’s resolutions?

It’s virtually the same thing, over and over, and happens almost at the very instant that the New Year begins. You know the drill by now, so let’s get right to it. What’s your New Year’s Resolution?

Of course, the list from which to choose is long every time, but it includes the usual ideas: Lose weight, stop smoking, be a better person, walk away from the cookie jar.

Anyway, it’s this time of the New Year that prompted Xoom to start thinking about it all. So Xoom, a global leader in the money transfer business, decided to conduct an exclusive survey of its clients and asked this question: ‘Do you think you will keep your New Year’s Resolutions?’

That’s cutting right to the chase. The majority of those who took part in the survey, 37 percent, said yes, they would keep their resolutions, but interestingly enough, the next highest percentage, 33 percent, said they had no resolutions. But 26 said maybe and only four percent said they would not keep their New Year’s Resolutions.