Xoom.com Announces Lower Fees for Money Transfers to the Philippines

Consumers can now send up to $2,999 for only $4.99

SAN FRANCISCO, CA, January 1, 2010 – Xoom Corporation, the Internet-based global money transfer company, announced today lower money transfer fees to the Philippines. Consumers can now send up to $2,999 to the Philippines for only $4.99.

"We continue to look for ways to help the Filipino community by providing the best value in money transfers," said John Kunze, Xoom.com CEO. "Our lower fees will allow our Pinoy customers to send money more affordably to friends and family."

Money transfers through Xoom.com have always been easy and inexpensive, and with the new price reduction, are now even more affordable. With Xoom.com you can send up to $2,999 to the Philippines for only $4.99 when paying with a US bank account for Peso payout.

This new reduction in money transfer fees to the Philippines supports the Xoom.com goal of providing a fast, easy, convenient and low price alternative money transfer option to the growing online consumer market in the Philippines.

About Xoom.com

Xoom.com enables individuals to send money online from any Internet-enabled computer to family, friends and businesses worldwide. Xoom.com was founded in 2001 in San Francisco and is backed by leading venture firms Sequoia Capital, New Enterprise Associates and Fidelity Ventures.