Xoom Lowers Money Transfer Fees to the Philippines

Send up to $2,500 for only $7.99. Fees still start as low as $3.50

SAN FRANCISCO, April 18, 2008 — Xoom.com, the Internet-based global money transfer company, has announced a significant price reduction in its money transfer fees to the Philippines.

The new pricing structure allows customers to send $300 to $2,500 for just $7.99 when paying with their US bank account. That's an incredible savings of up to 43 percent from the old fees. This pricing is available from anywhere in the US for money transfers to the Philippines.

Xoom.com money transfer fees still start from as low of $3.50, and this new pricing will allow customers to send amounts over $300 for much cheaper than before.

"We recognize and appreciate the loyalty of our Filipino customers. We aim to continually improve our service and make Xoom.com the easiest, fastest and most economical way to send money to the Philippines," said Julian King, Xoom.com Senior Vice President of Marketing and Corporate Development. "And this price reduction is our way of saying 'Thank You.'"

With Xoom.com you can go online and send money 24/7 from any computer anywhere, anytime. There's no waiting in line and you're not restricted by a regular remittance company's hours of operation.

Xoom.com offers a complete range of options to send and receive money in the Philippines - cash pickup, bank deposits, and fast and safe home delivery.

With Xoom.com your family can pick up the money in just minutes at over 1,800 locations in the Philippines, including the SM Malls and Cebuana Lhuillier pawnshop locations. Xoom.com locations are spread across major metropolitan areas and remote provinces and many are open nights and weekends.

Xoom.com offers bank deposits to any bank in the Philippines. Xoom.com also offers faster bank deposits in partnership with Metrobank, BPI or Banco de Oro, Equitable PCI Bank. Bank deposits that used to take days now take just hours to reach your recipient.

Remitting money to the Philippines with Xoom.com is easy. Simply visit www.xoom.com, enter recipient information, and the amount to be remitted. Then, choose a payment method and click "send." The money will be available quickly and conveniently to the receiver.

Xoom.com is fully staffed, 24 hours a day, seven days a week, with Customer Service representatives fluent in Tagalog. Over the phone, just call 1-877-993-7966 in the US to talk to our friendly customer service representatives. Recipients in the Philippines can call 1-800-10-636-7000 (PLDT) or 1-800-8-636-7000 (Globe). Customers can also send an e-mail for any questions by visiting www.xoom.com/help.

"We have Pinoys on our staff ready to answer calls any time of the day to better serve the needs of our Filipino clients," said George Zarcilla, Xoom.com Director of Operations and Customer Service. "And our customer service agents speak Tagalog, too. It's very important that our Tagalog-speaking clients are comfortable when they call for assistance."

Xoom.com's new pricing structure makes sending money to the Philippines much easier and more economical. Xoom.com offers fast, convenient, low-cost ways to send money, certainly making it the best way for Filipinos to send money to the Philippines.

"My kababayans are one of the largest remitters of money and this price reduction was made specifically with them in mind," said Gene Gutierrez, Xoom.com Regional Vice President, Philippines. "I know this price reduction will greatly benefit our Pinoy clients."

About Xoom

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.