SAN FRANCISCO--(BUSINESS WIRE)--
Xoom Corporation (NASDAQ: XOOM), a leading digital
money transfer provider, has launched Xoom Mobile Reload. The
cutting-edge service allows customers to instantly send airtime credit
online from the U.S. to prepaid mobile phones in 22 countries, including India,
Mexico,
the
Philippines and more.
By adding Mobile Reload, Xoom expands its offerings, enabling customers
to do more for their friends and family with less hassle. "Even though
mobile reloads are for small amounts, they go a long way towards helping
our families overseas," said Bobby Aitkenhead, Vice President of Bill
Pay and Mobile Reload. "With the new Xoom Mobile Reload, senders have
the opportunity to support more loved ones. They can send a traditional
money transfer to their mother and send a phone top up to their sister,
cousin, nephew, aunt, and friend--all with Xoom."
"Xoom.com is now a complete solution for customers who support loved
ones abroad. Our customers can send money to their loved ones,
conveniently pay their family's bills, and send a reload instantly to
their mobile phones," added Aitkenhead.
Xoom partnered with TransferTo, a leading provider of international
airtime remittance, to enable the transfer of prepaid mobile credits.
With just the mobile phone number, Xoom and TransferTo's cutting-edge
technology auto detects the carrier in real-time and instantly sends
airtime credit to the receiving phone. More than 90 carriers are
supported, and customers can choose to send online at Xoom.com or soon
through Xoom's mobile app (available this summer). The moment airtime is
credited to the account, a free in-language text message is sent to the
receiver. The technology securely auto-saves the transaction
information, including the mobile number, payment method, and amount
sent, allowing repeat transactions to be sent with just two clicks.
In a recent proprietary survey of Xoom customers that have used a reload
service, 52 percent add airtime credit to their loved one's mobile phone
monthly or more often.
When recharging a mobile phone with Xoom Mobile Reload, senders choose a
fixed amount in local currency (roughly equal to $5 to $25 USD) and
receive a fair and transparent exchange rate that is equal to Xoom's
money transfer exchange rate, plus a $0.99 fee in most countries. Xoom's
customer service is available to Mobile Reload senders 24 hours a day,
365 days a year, in English, Spanish, and Tagalog.
Customers can use Xoom to recharge
mobile phones in Mexico from Telcel, Movistar, Iusacel, Nextel and
Unefon. They can send
a phone load to the Philippines to Globe, Smart, and Sun phones.
Additionally, they can recharge
mobile phones in India to 11 different mobile phone carriers,
including Aircel, Airtel, BSNL, Idea, Reliance, Tata Docomo and
Vodafone. Xoom also offers mobile reload to 19 other countries: Bolivia,
Brazil,
Chile,
Colombia,
Costa
Rica, Dominican
Republic, Ecuador,
El
Salvador, Guatemala,
Honduras,
Jamaica,
Nicaragua,
Pakistan,
Panama,
Peru,
Poland,
Spain,
Sri
Lanka and Uruguay.
About Xoom
Xoom is a leading digital money transfer provider that enables consumers
to send money, pay bills, and send mobile reloads for family and friends
around the world in a secure, fast and cost-effective way, using their
mobile phone, tablet, or computer. During the 12 months ended March 31,
2015, Xoom's more than 1.3 million active customers sent approximately
$7.0 billion with Xoom. The company is headquartered in San Francisco
and can be found online at www.xoom.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934 relating to, among other things,
expectations, plans, and prospects for Xoom, including, but not limited
to, its expectations regarding its expansion into new services and
market demand for mobile reload products. These forward-looking
statements are based upon the current expectations and beliefs of Xoom's
management as of the date of this press release, and are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those described in the forward-looking
statements. All forward-looking statements made in this press release
are based on information available to Xoom as of the date thereof, and
Xoom disclaims any obligation to update these forward-looking statements.
In particular, the following factors, among others, could cause results
to differ materially from those expressed or implied by such
forward-looking statements: the evolving nature of the industry in which
Xoom operates; its failure to attract new customers or retain existing
customers; economic, political or regulatory factors beyond its control,
in the U.S. or in countries to which its customers transfer money, pay
bills, and send mobile reloads; fluctuations in foreign exchange rates;
competitive pricing and marketing strategies by competitors; the
adoption of competing technologies that supplant its services; the
failure of partners to reload phones according to Xoom's instructions;
declines in customer confidence in its business or in money transfer
providers generally; potential breaches of its security systems; and
other risks and uncertainties.
For a detailed discussion of these and other cautionary statements,
please refer to the risk factors discussed in filings with the U.S.
Securities and Exchange Commission ("SEC"), including but not limited to
Xoom's Annual Report on Form 10-K for the year ended December 31, 2014
and any subsequently filed reports on Forms 10-Q and 8-K. All documents
are available through the SEC's Electronic Data Gathering Analysis and
Retrieval system ("EDGAR") at www.sec.gov
or Xoom's website at www.xoom.com.
(Xoom – g)
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