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Xoom Announces Money Transfer Service to India with Breakthrough Speed

Money transfers to India bank accounts within four hours

SAN FRANCISCO, CA, May 20, 2013 – Xoom Corporation (NASDAQ: XOOM), a digital money transfer provider, announces a quick deposit service to India to provide customers the ultimate money transfer experience that is fast, safe and convenient.   Customers can now have money deposited to any bank account in India within a breakthrough speed of four hours.

“The launch of our world class four-hour deposit service to India provides customers with a fast and secure service they deserve.  Customers can rest assured that their funds are safe and deposited in a timely manner,” said Julian King, Senior Vice President of Marketing and Corporate Development for Xoom.

Beginning today, customers can transfer from https://www.xoom.com/India and deposit within four hours to an Indian bank, when sent during bank processing hours. Banks in  India include ICICI, Punjab National Bank, HDFC, SBI, Axis Bank, Citibank and many more.  Indian bank processing hours are generally Monday through Friday, 9 a.m. – 4:00 p.m. (India Standard Time), and Saturday, 9 a.m. – Noon (IST).  Individual bank branch operating and processing hours may vary. Xoom transactions are processed in India through Punjab National Bank, one of India’s largest and most trusted banks. 

About Xoom
Xoom is a digital money transfer provider, focused on helping consumers send money in a secure, fast and cost-effective way using their smartphone, tablet or computer. During the 12 months ended March 31, 2013, Xoom's more than 840,000 active customers sent more than $3.6 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.