Xoom Announces Instant Deposit Service to All Metrobank and PNB Accounts in the Philippines

SAN FRANCISCO, Feb. 6, 2014 (GLOBE NEWSWIRE) -- Xoom Corporation XOOM, a leading digital money transfer provider, is now offering instant deposits to all Metrobank and PNB accounts (Peso and U.S. Dollar), accessible 24 hours a day, seven days a week, 365 days a year. Metrobank and PNB join BDO – three of the top five banks in the Philippines – with instant deposit service for Xoom customers to instantly send money directly into their recipients' accounts.

"Xoom is committed to providing 'instant' in all of our services, and we are excited to launch instant deposit with two more important bank partners in the Philippines: Metrobank and PNB," said Julian King, Senior Vice President of Marketing and Corporate Development for Xoom. "People can rest assured that their loved ones with accounts at Metrobank, PNB and BDO will receive their money without waiting or having to worry about cut-off times. Xoom customers can send anywhere, anytime from their computer, mobile phone or tablet."

In the past, senders were mindful of cut-off times, arranging their schedule to ensure that they send on time, so their recipient will not have to wait another full day. Instant deposit in the Philippines means no waiting on the part of either the sender or recipient, making this a fast and convenient service for all Xoom customers. In addition to Metrobank, PNB and BDO, G-Xchange, Inc. offers instant deposits in such banks as Chinabank, Allied Bank, Security Bank and many more. Visit https://www.xoom.com/philippines for more information.

About Xoom
Xoom is a leading digital money transfer provider in 31 countries, focused on helping consumers send money in a secure, fast and cost-effective way using their mobile phone, tablet or computer. During the year ended December 31, 2013, Xoom's more than one million active customers sent more than $5.5 billion to family and friends. The company is headquartered in San Francisco and can be found online at www.xoom.com.

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Media Contact:
Robin Carr, Xoom
415-395-4363
robin.carr@xoom.com