SAN FRANCISCO, Calif. - May 31, 2005 - Xoom Corporation, an online to offline money transfer service, today announced the launch of its money transfer service to Mexico. Xoom's convenient and secure online process enables people living in the United States to cost effectively send money to Mexico using a variety of payment options including credit card, eCheck, and PayPal. Plus, Xoom's partnership with HSBC makes it is easy for recipients to pick up money in pesos at any of HSBC's 1,300 locations. Senders and recipients do not need a bank account to send or receive money with Xoom.
To celebrate the launch of its Mexico service, Xoom is offering a special introductory offer of 30% off its low standard processing fees. This offer is available by going to http://www.xoom.com/mexico. To send money, users simply enter their contact information, the amount they want to send and the recipient's contact information. Once they select the delivery and payment methods, they will be given a unique Xoom tracking number that recipients use for pick up. Users can also use the Xoom tracking number to check the status of their money transfer at any time from the Internet.
Ensuring the security of transactions is Xoom's primary focus, while making it easy for people to send money and their loved ones to receive it. "We understand that people work hard for their money and we are excited to launch our safe, cost effective and convenient service to Mexico. HSBC is a terrific partner and is certain to offer our recipients in Mexico the best possible money transfer experience.", said James Joaquin, Xoom's President and CEO.
Xoom's online money transfer service is available 24 hours per day, 7 days per week at http://www.xoom.com/mexico.
Xoom allows individuals to send money from any Internet-enabled computer to friends, family and businesses in 16 countries worldwide. In addition to Mexico, Xoom supports transfers to other countries including India, the Philippines, the Dominican Republic, Jamaica, Argentina, Brazil, Uruguay, Paraguay, Bolivia, Chile, Hong Kong, Sri Lanka, Bangladesh, Vietnam and Nepal. Senders can use PayPal, major credit cards, or have funds withdrawn directly from their bank account to fund the money transfer.
Headquartered in London, HSBC is one of the largest banking and financial services organizations in the world. HSBC's international network comprises over 9,800 offices in 77 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.