Xoom.com Partners with Capital and Credit Remittance Limited in Jamaica

Xoom.com provides cash pickup at over 90 locations islandwide and access to money at agents like C.O.K., Lasco.

SAN FRANCISCO, CA, December 16, 2009– Xoom Corporation, the Internet-based global money transfer company, announced today new service through a partnership with Capital and Credit Remittance Limited (Capital and Credit) in Jamaica. The service through Capital and Credit, effective today, provides the beneficiaries of Xoom.com customers with more locations for receiving money in Jamaica, and faster access to funds deposited to NCB and Scotiabank accounts.

The new service expands the Xoom.com cash pickup network to include over 70 Capital and Credit agent locations islandwide, and increases the speed of bank deposit service to a few hours to selected banks.

This launch supports the Xoom.com 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, www.xoom.com.

The Xoom.com online money transfer service, created in 2001, allows customers to send money to 45 countries around the world, including Jamaica, 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 Jamaica is $7.99, up to $2,999.

“We have quadrupled the size of our network in Jamaica to make it easier for loved ones to receive their money,” said Julian King, Senior Vice President of Marketing and Business Development for Xoom.com. “We have added locations from Negril to Morant Bay, in Half Way Tree, and at trusted locations like C.O.K., Lasco and other credit unions islandwide.”

“We at Capital and Credit are proud to partner with Xoom.com and to help grow their money transfer service to Jamaica,” added Sheron Dixon-Brown, General Manager of Capital and Credit Remittance Limited, “Xoom.com offers Jamaicans living abroad the convenience of sending remittances from the comfort of their home computer directly to a Capital and Credit agent location in just minutes.”

This new service with Capital and Credit augments the existing relationship Xoom.com has with Victoria Mutual Building Society.

About Xoom.com

Xoom.com enables 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 on Xoom.com money transfer service to Jamaica, visit www.xoom.com/jamaica

About Capital and Credit Remittance Limited
Capital and Credit Remittance Limited (CCRL) is a remittance company which offers quick, reliable, convenient and safe money transfer services to families, friends and business partners. Established in 1996, CCRL is one of the five major players in the domestic money transfer market and presently operates in New Kingston. CCRL is licensed by the Bank of Jamaica.