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Xoom.com Launches Money Transfer Service Directly to Any Bank Account in Colombia

SAN FRANCISCO, CA, September 19, 2008 – Xoom.com, the fastest growing online money transfer company, announced today the launch of their Bank Deposit service to Colombia. Consumers with friends and family in Colombia can send money directly to a beneficiary’s bank account at any bank, including Bancolombia, Davivienda, BBVA Colombia.

“A growing number of consumers are searching for ways to send money directly to a bank account in Colombia. 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 bank account in Colombia during business hours usually arrives in 15 minutes. Xoom.com has partnered with Pagos Internacionales, a Colombian-owned financial services company, and More Money Transfers to offer to this service.

In addition to Bank Deposit, Xoom customers can send money to their beneficiary for Cash Pickup at almost 700 locations throughout Colombia including Pagos Internacionales, Davivienda and BBVA Colombia. Customers can send money to Colombia starting at just $2.99. And, they can choose from a variety of ways to fund the transaction online, including a checking account, credit card or PayPal.

Xoom offers money transfers to 16 countries in Latin America, including Argentina, Bolivia, Brazil, Chile, Colombia, Dominican Republic, El Salvador, Ecuador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Peru, Paraguay and Uruguay.

About Xoom.com

Xoom.com 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 the Xoom.com money transfer service to Colombia, visit www.xoom.com/colombia.