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Xoom.com Launches Money Transfer Service to New Zealand

Xoom.com money transfer services now reach both New Zealand and Australia

SAN FRANCISCO, CA, December 14, 2009 - Xoom.com, the fastest growing online money transfer company, announced today the launch of money transfer services to New Zealand. Consumers can now wire money to any bank in New Zealand. The money is deposited directly into the receiver's account, making it convenient for the receiver to get the money.

"Xoom.com provides customers with a way to send money to New Zealand that is faster and more convenient than traditional bank wires. With Xoom.com, consumers can now wire money to any bank account in New Zealand without the hassle of waiting in line at the bank," said Julian King, Xoom SVP of Marketing and Product for Xoom.com.

With the current market bank-to-bank wire transfer fees ranging from $25 to $45, Xoom.com offers a significantly lower fee of $4.99 to transfer any amount, up to $2,999, to New Zealand. Receiving banks do not charge a fee when money is sent using Xoom.com.

Wiring money with Xoom.com to any bank account in New Zealand is simple. Consumers can visit the Xoom.com secure website at www.xoom.com, enter sender information, recipient information including bank account details, and the amount to wire. To fund the transaction, consumers can use a bank account, credit/debit card or PayPal.

Xoom.com also offers money transfer services to Australia, launched in 2007.

About Xoom.com

Xoom.com enables individuals to wire 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 New Zealand visit www.xoom.com/newzealand