Sistema Fedecredito Joins Xoom’s Payout Network for Money Transfers to El Salvador

Sistema Fedecredito sees partnership as a tool to tap growing market of online and mobile remittances

San Francisco, CA, November 7, 2012 - Xoom Corporation, a leading global money transfer company, and Sistema Fedecredito have reached an agreement to offer international money transfer services at more than 120 Fedecredito locations throughout El Salvador.
“ offers customers an easy and convenient way to send money from their mobile devices to our new partner, Fedecredito,” said Julian King, Xoom’s Senior Vice President, Marketing and Corporate Development. 

Xoom is partnering with Fedecredito to offer Xoom customers more options when sending money to El Salvador.  Xoom customers can send money for cash pickup at Sistema Fedecredito locations, which are open at convenient hours Monday to Friday from 7:30 AM to 5:30 PM and Saturdays from 7:00 AM to 12:00 PM.

“Sending money from a mobile phone makes the money transfer process easier for the Salvadorian community, especially for those working long hours with almost no time to visit a store.” says Ovidio Magaña, Business Manager at Fedecredito. “We’re proud of this agreement with Xoom to offer customers a safe and convenient money transfer service to Fedecredito.”  Go to for more information.

To send money to El Salvador, customers can log in to twenty-four hours a day, seven days a week, from any internet connected device and follow the simple steps to complete their money transfer, now with the option of picking up money at Sistema Fedecredito’s locations.

About Xoom Corporation  
Xoom is a global online money transfer provider, focused on helping consumers send money in a secure, fast and cost-effective way using their mobile phone, tablet or computer.  During the 12 months ending September 30, 2012,  Xoom’s 700,000 active customers sent more than $2.8 billion to family and friends in 30 countries worldwide. The company is headquartered in San Francisco and can be found online at 

About Sistema Fedecredito
Sistema Fedecredito is a system integrated by 48 Savings and Loans and 7 Worker’s Banks and its Federation in El Salvador, providing financial services, technical assistance, support and supplementary quality services, fostering integration, development and competitiveness.