Xoom Launches Service to Hong Kong

SAN FRANCISCO--(BUSINESS WIRE)--

Xoom Corporation XOOM, a leading digital money transfer provider, announced today the launch of its money transfer service to Hong Kong. This bank deposit service allows immigrants from Hong Kong and other individuals to conveniently send money online to bank accounts in Hong Kong with their U.S. bank accounts, credit cards, or debit cards.

"We are thrilled to extend Xoom's services to the Hong Kong market," said John Kunze, Xoom's President and CEO. "With our breakthrough technology, Hong Kong immigrants in the U.S. can safely, conveniently, and cost effectively send money to their friends and families back home. Money can be deposited into the recipient's account within two business days. No waiting in line, no high fees. Just the most convenient money transfer service possible."

Last but not least, Xoom provides locked-in exchange rates on HKD deposits to Hong Kong and a secure and convenient way to send money from their computers, tablets, or mobile phones. Customers can download Xoom's app for Android and iOS mobile devices for free. When paying with a bank account, customers can send up to US$2,999 for just US$8.88. Visit www.xoom.com/Hong-Kong for more information.

About Xoom

Xoom is a leading digital money transfer provider that enables consumers to send money to and pay bills 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.

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