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Xoom.com Launches Online Money Transfer Service to Singapore

Xoom.com online money transfer services to Asia now reach China, Hong Kong, India, Japan, the Philippines and Singapore

SAN FRANCISCO, CA, December 14, 2009 - Xoom.com, the fastest growing online money transfer company, announced today the launch of money transfer service to Singapore. Consumers can now wire money to any bank in Singapore 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 online to Singapore that is faster and more convenient than traditional bank wires. With Xoom.com, consumers can now wire money to any bank account in Singapore without the hassle of waiting in line at the bank," said Iain Allison, Vice President of Asian Business Development 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 Singapore. Receiving banks do not charge a fee when money is sent using Xoom.com.

Wiring money with Xoom.com to any bank account in Singapore 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.

In Asia, Xoom.com also offers online money transfer services to China, Hong Kong, Japan, India, Korea, and the Philippines.

About Xoom.com

Xoom.com enables individuals to wire money online 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 Singapore visit www.xoom.com/singapore