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Xoom.com Launches Online Wire Transfers to Any Bank in South Africa

Consumers can now wire money online to any Rand bank account in South Africa

SAN FRANCISCO, CA – December 12, 2008: Xoom.com, the fastest-growing online money transfer company, today announced the launch of an online wire transfer service to South Africa. Consumers can now wire money online to any Rand bank account in South Africa. The money is conveniently deposited directly into the recipient's account.

"Xoom.com provides customers with a faster and more convenient way to wire money to South Africa. With Xoom.com's global money transfer service, consumers can now wire money to any bank in South Africa with just a few clicks." said Julian King, Xoom SVP of Marketing and Corporate Development.

Wiring money with Xoom.com to a South African Rand bank account is very simple. Consumers visit Xoom's secure website at www.xoom.com and enter the wire amount and their recipient's information including bank account details. Consumers can use their bank account, credit card, debit card, or PayPal to fund the transaction.

Consumers can send any amount for only $4.99* when paying with their US bank account. Xoom electronically debits funds from the sender's US bank account and credits it to the recipient's South African bank account.

"With Xoom.com, you can wire money to South Africa easily and quickly. You do not waste your time queuing or filling in forms at the bank. Consumers can send money from the convenience of any computer directly to any bank account in South Africa. The money is deposited into the recipient's bank account – just like a wire transfer, but you don’t have to pay high bank wire fees or landing charges." said Ryno Blignaut, Xoom CFO.

Sending money with Xoom.com is safe. Xoom.com ensures that financial transactions processed through their system are highly secure as the company uses state-of-the-art technology to protect client information.

About Xoom.com

Xoom.com allows individuals to send money from any Internet-enabled computer to family, friends and businesses worldwide. Xoom Corporation was founded in 2001 in San Francisco and is backed by leading venture firms Sequoia Capital, New Enterprise Associates and Fidelity Ventures. For more information about the Xoom.com wire service to South Africa, visit http://www.xoom.com/southafrica.

*Xoom makes money on transactions involving foreign currency exchange.