Mexicans and Central Americans Leading in the Use of Mobile Phones for Sending Money

Recent studies show that they are almost two times more likely to send money through their mobile phones than other immigrant groups.

SAN FRANCISCO, California, November 17, 2011 – The leading company in online money transfers, Xoom, announced today the launch of their mobile website. The mobile website allows customers to send money easily from a mobile phone in the United States.

This decision to create a mobile website was supported by recent studies that show that Hispanics are more likely to have a mobile phone with access to the Internet compared to the US general market (44% vs 35%). In a study conducted by Xoom, the company revealed that Hispanics use their mobile phones to send money more frequently than any other immigrant group. Mexicans and Central Americans are leading this trend with 13% of remittance transactions being sent from a mobile phone. Other immigrant groups send 7% of remittances from a mobile phone.

Consumers can now use Xoom to send money to Mexico or any other country by visiting the mobile website on any Smartphone like iPhone or Android. The beneficiary of the money transfer can receive the money in cash and in minutes at a window location or in a bank account.

“You no longer need Internet access or a computer at home to send money quickly and safely with Xoom," said Julian King, vice president of marketing and business development at Xoom. “Now you can send money from anywhere by visiting the Xoom site on your mobile phone," he added.

With the launch of the mobile website, Xoom offers its customers an even more convenient option for sending money to their home countries. Customers can visit the mobile website by visiting on any mobile phone browser.

About Xoom
Xoom was founded in 2001 and is now one of the biggest and most trusted online money transfer companies in the US. Xoom offers safe and secure sending options from the convenience of your computer or mobile phone. Customers can access the mobile site by visiting from a mobile phone browser and pay using a bank account, or credit/debit card.