SAN FRANCISCO, CA, November 16th, 2007 - Xoom.com, the fastest growing online money transfer company, announced today the expansion of their Bank Deposit service to Mexico. Consumers with friends and family in Mexico can send money directly to a beneficiary's bank account at most major banks, including Banamex, Banorte, BBVA Bancomer, HSBC, Santander Serfin and Scotiabank Inverlat. Bank Deposits to BANSEFI and BANSEFI's L@ Red de la Gente will be available at the end of the month.
"A growing number of consumers are searching for ways to send money directly to a bank account in Mexico. And, Xoom.com has one of the fastest services around," said Theresa Pasinosky, Xoom.com's Sr. Marketing Manager for Latin America.
With Xoom.com's Bank Deposit service, money sent directly to a BBVA Bancomer bank account during business hours usually arrives in 15 minutes. The five new banks in Xoom.com's Mexico network offer money available in the beneficiary's bank account the next business day.
In addition to Bank Deposit, Xoom customers can send money to their beneficiary for Cash Pickup at more than 5,200 locations throughout Mexico. Money transfers to Mexico start at $2.99. Customers can send up to $2,500 for $4.99 and can choose from a variety of ways to fund the transaction online, including a checking account, credit card or PayPal.
Xoom.com also offers money transfers to 15 other countries in Latin America, including Argentina, Bolivia, Brazil, Chile, Colombia, the Dominican Republic, El Salvador, Ecuador, Guatemala, Honduras, Nicaragua, Panama, Paraguay, Peru and Uruguay.
Xoom.com allows individuals to send money from any Internet-enabled computer to family, friends and businesses worldwide. Xoom.com has been offering convenient, low cost service to Latin America since 2002. Xoom Corporation was founded in 2001 in San Francisco and is backed by leading venture firms Sequoia Capital, New Enterprise Associates and Fidelity Ventures. www.xoom.com