Xoom.com Launches Money Transfer Service to Switzerland

Xoom.com money transfer services now reach 18 countries in Europe

SAN FRANCISCO, CA, December 14, 2009 - Xoom.com, the fastest growing online money transfer company, announced today the launch of money transfer service to Switzerland. Consumers can now wire money to any bank in Switzerland and 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 Switzerland that is faster and more convenient than traditional bank wires. With Xoom.com, consumers can now wire money to any bank account in Switzerland without the hassle of waiting in line at the bank," said Iain Allison, Vice President of European Business Development for Xoom.com.

Wiring money with Xoom.com to any bank account in Switzerland is simple. Consumers can visit the Xoom.com secure website at www.xoom.com, also available in both French and German, 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.

In a market where bank-to-bank wire transfer fees run generally between $25-$45, Xoom.com offers a significantly lower fee of $4.99 to transfer any amount, up to $2,999, to Europe. Receiving banks do not charge a fee when money is sent using Xoom.com.

Xoom.com offers money transfer services to other European countries including Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Slovenia, Spain, Sweden and the United Kingdom.

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 Switzerland, visit www.xoom.com/switzerland