Xoom Announces Instant Deposit and Cash Pickup Services with Banco Agrícola, the Largest Bank in El Salvador

Money can be deposited instantly into any Banco Agrícola account, 24 hours a day, seven days a week, 365 days a year

SAN FRANCISCO--()--Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, and Banco Agrícola, the largest bank in El Salvador, have collaborated to offer instant bank deposits to all Banco Agrícola accounts, as well as a cash pickup service. These new services allow Xoom customers to instantly send money directly into any Banco Agrícola account or have recipients pick up cash at more than 80 Banco Agrícola locations throughout El Salvador.

“Xoom is committed to providing ‘instant’ services, and we’re pleased to launch instant deposit with the largest bank in El Salvador,” said Julian King, Xoom’s Senior Vice President, Marketing and Corporate Development. “People can choose from two convenient ways to send money -- instant deposit or cash pickup. Through our collaboration with Banco Agrícola, customers can rest assured that their loved ones can receive money without waiting or having to be mindful of cut-off times. Xoom customers can send 24 hours a day, seven days a week, every day of the year from their computer, mobile phone, or tablet.”

Xoom customers can send money for cash pickup at any Banco Agrícola location, which are generally open Monday to Friday, from 9:00 a.m. to 4:00 p.m.

To send money to El Salvador, customers can log in to https://www.xoom.com/el-salvador/send-money 24 hours a day, seven days a week, from any internet connected device. From there, they can quickly and easily deposit money or send cash to any Banco Agrícola location.

About Xoom

Xoom is a leading digital money transfer provider that enables consumers in the United States to send money and pay bills around the world in a secure, fast and cost-effective way, using their mobile phone, tablet or computer. During the 12 months ended September 30, 2014, Xoom’s more than 1.2 million active customers sent approximately $6.5 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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Contacts

Xoom
Robin Carr, 415-660-1239
robin.carr@xoom.com

Release Summary

Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, and Banco Agrícola, the largest bank in El Salvador, have collaborated to offer instant bank deposits

Contacts

Xoom
Robin Carr, 415-660-1239
robin.carr@xoom.com