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Easypagos Joins Xoom’s Payout Network for Money Transfers to Ecuador

Easypagos sees agreement as a tool to tap growing market of online and mobile remittances

SAN FRANCISCO, CA, July 1, 2013 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, today announced that Easypagos, through its partnership with Transnetwork Corporation, is offering Xoom’s international money transfer services at more than 100 Easypagos locations in Ecuador.  The partnership expands Xoom’s payout network to more than 1,000 locations in Ecuador, including banks such as Banco Pichincha and Banco de Guayaquil.

“Xoom’s mission is to provide customers a seamless, convenient solution to send money back home,” said Julian King, Xoom’s Senior Vice President, Marketing and Corporate Development. “By partnering with Easypagos, we provide customers a payout of their choice and a seamless experience for both the sender and recipient.”

Xoom is partnering with Transnetwork Corporation and Easypagos to offer Xoom customers more options when sending money to Ecuador.  Xoom customers can send money to be picked up in cash at Easypagos locations, open Monday through Friday from 8:00 AM. to 5:00 PM and on weekends from 9:00 a.m. to 1:00 p.m.  Click here for more information.
 “Sending money conveniently from a computer or mobile device makes the money transfer process easier for the Ecuadorian community, especially for those working long hours with almost no time to visit a store,” says Silvia Subia de Baste, General Manager at Easypagos. “We’re proud of this agreement that has been forged so that Xoom customers can send money safely and conveniently to the Easypagos network.”  

To send money to Ecuador, customers can log in to Xoom.com, 24 hours a day, seven days a week, from any internet connected device and then follow the simple steps to complete their money transfer.   

About Xoom
Xoom is a digital money transfer provider, focused on helping consumers send money in a secure, fast and cost-effective way using a smartphone, tablet or computer. During the 12 months ended March 31, 2013, Xoom's more than 840,000 active customers sent more than $3.6 billion to family and friends in 30 countries worldwide. The company is headquartered in San Francisco and can be found online at www.xoom.com. 

About Easypagos
Easypagos S.A. is an Ecuadorian company, which began operations in October of 2000, and specializes in international shipping and receiving money. Currently, the Easypagos network has over 500 affiliated cooperatives in 232 cities in Ecuador, the majority belonging to prestigious financial institutions.


About Transnetwork
Transnetwork, based in Houston, Texas, provides a turnkey solution to the international payments industry by providing a diversified payment network throughout Mexico, Central and South America of more than 13,000 points of payment consisting of the leading banks and large box retailers in the region.