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Xoom Expands Cash Pickup Network in Vietnam with the Addition of Sacombank (Saigon Thuong Tin Commercial Bank) Locations

Convenient Cash Pickup Now Available at Over 170 Locations of Sacombank

SAN FRANCISCO, CA, November 12, 2007 -, the fastest growing online money-transfer service company, today announced that money-transfer services are available at all locations of Sacombank (Saigon Thong Tin Commercial Bank) across Vietnam. Customers can now pick up cash at any Sacombank branch location.

"It is important that our disbursement locations are trusted brands. We are excited to offer cash pickup services at Sacombank locations .With Sacombank's extensive network of locations, provides a hassle-free and easy money transfer service for sending money to family and friends in Vietnam," said Julian King, SVP of Marketing and Product.

With the addition of Sacombank cash pickup locations, the total number of locations goes up to over 300 locations in Vietnam. Sacombank's branches are located in Vietnam's major cities, making it convenient for receivers to pickup money transfers. In addition to weekdays, Sacombank locations are also open on Saturday. money transfers are available to recipients for pickup at Sacombank within minutes of sending.

Recipients do not need a Sacombank account to receive a money transfer. To pick up the money, the recipient can simply go to any Sacombank branch location in Vietnam and present a valid form of ID.

In addition to Sacombank locations, also offers cash pickup at Phuong Nam Bank, Techcombank, VIP 24, Vietnam International Bank and Saigon. also offers home delivery within Ho Chi Minh City.

Money transfers to Vietnam on start at $0.99. Consumers can receive money in US Dollars or Vietnamese Dong. Recipients are not charged any fee when picking up their money.

About allows individuals to send money from any Internet-enabled computer to family, friends and businesses worldwide. Xoom Corporation was founded in 2001 in San Francisco and is backed by leading venture firms Sequoia Capital, New Enterprise Associates and Fidelity Ventures. For more information about's money transfer service to Vietnam, visit

About Sacombank (Saigon Thuong Tin Commercial Bank)

Sacombank whose formal name is Saigon Thuong Tin Commercial Bank is a Vietnam-based commercial bank. Sacombank currently leads other joint stock banks in Vietnam in terms of charter capital of more than 4.4 trillion dong. Sacombank has a partnership with Australia New Zealand Bank and debuted on Vietnam's stock market in July 2006. Most recently, Sacombank was awarded the prize of Vietnam Retail Bank of the year 2007 by Asian Banking and Finance. For more information about Sacombank, visit