Westpac Partners with Xoom.com for Faster and Easier Money Transfers from the U.S. to Australian Bank Accounts

Xoom customers can deposit money to bank accounts in Australia in just one business day

SAN FRANCISCO, CA – October 24, 2012 –– Xoom Corporation, a global online money transfer provider, is pleased to announce  a partnership with Westpac (WBC:AU, NYSE:WBK), the first Australian bank, which enables Xoom customers to send money from Xoom.com to most bank accounts in Australia, in one business day.     

“With the launch of our new service to Australia, Xoom customers can send money to Australia even faster and at any time from the convenience of their desktops or mobile devices,” said Julian King, Senior Vice President of Marketing and Corporate Development for Xoom.com. “Xoom is committed to delighting our customers with a fast and breathtaking money transfer experience.  We are thrilled to partner with Westpac, a brand trusted by many Australians, to offer bank deposit service to Australia in just one business day.”

“We are very pleased to work with Xoom and be part of their commitment to deliver innovative online money transfer service for expats and immigrants in the U.S.,” said Ryan Hodges, State Industry Leader of International Business for Westpac.  “Westpac will process the Xoom transfers to Australia quickly and securely.  We hope the many Australians living in the U.S. can take advantage of this fast and economical service offered via partnership with Xoom.”

Customers can send up to $2,999 to Australia for a $4.99 transfer fee when using a bank account to fund the transfer.  Xoom offers locked-in exchange rates and ensures no additional fees will be charged by receiving banks.  Customers will know the exact amount that is deposited to Australian dollar bank accounts when initiating money transfers.  For more information on the Xoom money transfer service to Australia, please visitwww.xoom.com/australia. 

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.  With quarterly gross sending volume of more than $850 million, Xoom has more than 650,000 active customers sending money to family and friends in 30 countries worldwide. The company is headquartered in San Francisco and can be found online atwww.xoom.com.

About Westpac

Westpac Group's portfolio of financial services brands and businesses is focused on a common purpose - delighting our 12.2 million customers and helping them achieve their financial goals. From ensuring our retail customers can save and invest with confidence, to servicing the financial needs of multi-national corporate, institutional and government clients, we put our customers at the centre of everything we do. Find out more at westpac.com.au.