MEDIA RELEASE PR37526
Xoom.com Launches Money Transfer Service to South Korea
SAN FRANCISCO, Dec. 10 /PRNewswire-AsiaNet/ --
Provides website in Korean-language and expands global network to 41
countries worldwide
Xoom Corporation, the fastest growing internet-based global money transfer
company, announced today the launch of their new service to South Korea. The service
to South Korea allows customers to send money online directly to any bank account in
South Korea.
This launch supports Xoom.com's 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 Xoom.com's website,
Xoom.com's money transfer service, created in 2001, allows customers to send
money to 41 countries around the world, including South Korea, 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 South Korea is
$4.99, up to $2,999.
This new service to South Korea augments Xoom.com's existing global presence
worldwide, including China, India, Philippines, United Kingdom, South Africa, Mexico,
Brazil and many other countries.
"Xoom.com offers Korean immigrants a convenient option for wiring money online.
They can send money from their home computer directly to any bank account in South
Korea," said Iain Allison, vice president of Asian business development for Xoom.com.
"With Xoom.com, customers pay just $4.99 to send any amount and the funds reach the
Korean bank in less than one business day."
Xoom allows customers to navigate the Xoom website and to send money in Korean-
language.
About Xoom.com
Xoom.com allows 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 Korea,
CONTACT INFORMATION:
--------------------
Matt Kwon
adCREASIANs
213.389.9300
matt@adcreasians.com
SOURCE: Xoom Corporation
CONTACT: Matt Kwon of adCREASIANs for Xoom Corporation,
+1-213-389-9300,
matt@adcreasians.com
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