Xoom.com Launches Money Transfer Service to South Korea

Provides website in Korean-language and expands global network to 41 countries worldwide.

SAN FRANCISCO, Calif., November 30, 2009 - Xoom Corporation, the fastest growing internet-based global money transfer company, announced today the launch of their new service to South Korea. The service to South Korea allows customers to send money online to any bank account in South Korea.

This launch supports Xoom.com’s comprehensive corporate initiative to provide immigrant communities an alternative money transfer option that is fast, easy, convenient and low in price. Customers send money by visiting the Xoom.com website.

The Xoom.com money transfer service, created in 2001, allows customers to send money to 41 countries around the world, including South Korea, from any internet-enabled computer using a credit card or checking account to fund the transaction. When paying with a checking account, the cost to send any amount to South Korea is $4.99, up to $2,999.  

This new service to South Korea augments the Xoom.com existing global presence worldwide, including China, India, Philippines, United Kingdom, South Africa, Mexico, Brazil and many other countries.  

“Xoom.com offers Korean immigrants a convenient option for wiring money.  They can send money from their home computer directly to any bank account in South Korea,” said Iain Allison, vice president of Asian business development for Xoom.com.  “With Xoom.com, customers pay just $4.99 to send any amount and the funds reach the Korean bank in less than one business day.”

Xoom allows customers to navigate the Xoom website and to send money using Korean.

About Xoom.com

Xoom.com allows individuals to send money from any Internet-enabled computer to family, friends and businesses. 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 Korea, visit www.xoom.com/korea