Xoom.com Partners with BTS to Offer New Options for Sending Money to...

Xoom.com Partners with BTS to Offer New Options for Sending Money to Latin America

Xoom.com Offering Free Money Transfer to Latin America with Coupon Code


Untitled Document

San Francisco, CA–(HISPANIC
PR WIRE)–February 20, 2007–Continuing their effort to bring convenience and
value to the immigrant community, Xoom Corporation (Xoom.com) announced today
that Bancomer Transfer Services, Inc.’s (BTS) extensive network of Latin
American banks will become a receiving partner for Xoom.com’s money transfer
service to Mexico, Argentina, Bolivia, Brazil, Colombia, the Dominican Republic,
El Salvador, Ecuador, Guatemala, Honduras, Nicaragua, Panama, Peru and Uruguay.
Xoom.com also offers money transfers to Chile and Paraguay.

Depending on the country,
Xoom customers can send money to their beneficiary for cash pickup at a branch,
can deposit the money directly to their beneficiary’s bank account or can
choose to have the money delivered to the beneficiary’s home or office. 
They can choose from a variety of ways to fund the transaction online, including
a checking account, credit card, payroll card or PayPal.

Money transfers to Latin
America at Xoom.com start at only $2.99, including these countries.

Country      Local
Partners         Pickup    

México       BBVA
Bancomer           4,600     
Cash Pickut in Pesos
Telecomm Telégrafos                Direct
to Bank Deposit to
  BBVA Bancomer

Argentina    Banco
Francés           260    
   Cash Pickup
   Latin Express*                     in
Pesos & USD

Colombia     Banco
Davivienda        650     
  Cash Pickup in
   BBVA Colombia                

Dominican    Banco
Del Progreso      130        Cash
Pickup in Pesos
Caribe Express*               
    Home Delivery Countrywide

Guatemala    Banco
Agromercantil*    770        Cash
Pickup in Quetzal
 Banco Uno
   Banco industrial

Honduras     Credomatic        
     210        Cash
Pickup in HNL
  Banco Ficohsa
  Banco Uno

     BBV Banco Continental   270  
     Cash Pickup in USD
to Bank Deposit

*Xoom partner not part of
the Bancomer partnership.

“Our partnership with
BTS provides more locations and makes it even more convenient for beneficiaries
to pick up cash, and it adds five new countries in Latin America to our network,”
said Julian King, the Xoom SVP of Marketing and Product.  Those five new
countries are Colombia, Honduras, El Salvador, Nicaragua and Panama. Xoom.com
has been offering convenient, low cost service to Latin America since 2002.

People can send money online
through Xoom.com by going to the website http://www.xoom.com and use the coupon
code XOOMLATINO to get a free money transfer on their first transfer. 
They can send money to their beneficiary for pickup at a nearby location or
can deposit the money directly into their beneficiary’s bank account, depending
on the country.  The money is available to the beneficiary within 15 minutes
of completing a Standard Service transaction. The beneficiary does not have
to have a bank account to pick up the money.

About Xoom

Xoom.com allows individuals
to send money from any Internet-enabled computer to family, friends and businesses
worldwide.  Xoom Corporation was founded in 2001 in San Francisco and is
backed by leading venture firms Sequoia Capital, New Enterprise Associates and
Fidelity Ventures.  <a href="http://www.xoom.com"www.xoom.com

About Bancomer Transfer
Services, Inc.

Bancomer Transfer Services,
Inc. (BTS) is a non-bank subsidiary of BBVA Bancomer and is licensed for money
transmission from the United States abroad. Provider of money transfer services
since 1995, BTS is headquartered in Houston, Texas and currently provides service
to Mexico, the Caribbean, Central and South America, Europe and Asia. 
BTS has the largest bank distribution in Latin America.

Xoom.com Partners with BTS to Offer New Options for Sending Money to Latin America