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. “Xoom.com 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 xoom.com/fedecredito for more information.
To send money to El Salvador, customers can log in to Xoom.com 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 www.xoom.com.
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.
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Recipient-country banking hours and banking system availability
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Send Money Online Using Xoom
Sending money worldwide with Xoom is easy. With the Xoom.com money transfer service you can send money worldwide from any Internet-enabled computer to friends and family in more than 30 countries. You can have funds withdrawn directly from your U.S. bank account to fund the money transfer, or pay using major credit cards. Recipients will be able to pick up the money in cash, have the money directly deposited into their bank account, or delivered to their door. Options vary by country.
How to Send Money Internationally with Xoom
Your recipient can receive cash in local currency or US dollars or in many countries can have the money deposited to their bank account or have it delivered to their home. Xoom.com has relationships with banks and money transfer payout partners to provide a secure and fast means of sending customer's money. With these bank and money transfer payout partners, Xoom.com customers can send money to thousands of cash pickup locations around the world.