SAN FRANCISCO, CA, November 16, 2007 - Xoom.com, the fastest growing online money transfer company, announced today the addition of Intermex-Pue as a new disbursement agent in Mexico, with over 450 locations and bank deposit service to five major banks.
The agreement with Intermex-Pue will allow consumers to receive money transfers at additional locations and grows Xoom.com's Cash Pickup network in Mexico to over 5,200 locations.
"Our new locations through Intermex-Pue expand the Xoom.com network to more remote cities in Mexico," said Theresa Pasinosky, Xoom's Sr. Marketing Manager, Latin America. "We are proud to offer consumers from remote cities a low cost and convenient option for sending money to friends and family."
In addition, the agreement will allow consumers to send money directly to a beneficiary's bank account at five additional banks, including Banamex, Banorte, HSBC, Santander Serfin and Scotiabank Inverlat. The five additional banks offer money available in the beneficiary's bank account the next business day.
Money transfers to Mexico start at $2.99. Customers can send up to $2,500 for $4.99 and can choose from a variety of ways to fund the transaction online, including a checking account, credit card or PayPal.
Xoom.com offers money transfers to 15 other countries in Latin America, including Argentina, Bolivia, Brazil, Chile, Colombia, the Dominican Republic, El Salvador, Ecuador, Guatemala, Honduras, Nicaragua, Panama, Paraguay, Peru and Uruguay.
Xoom.com allows individuals to send money from any Internet-enabled computer to family, friends and businesses worldwide. Xoom.com has been offering convenient, low cost service to Latin America since 2002. Xoom Corporation was founded in 2001 in San Francisco and is backed by leading venture firms Sequoia Capital, New Enterprise Associates and Fidelity Ventures. www.xoom.com