Xoom Mobile Reload allows customers to
instantly recharge prepaid mobile phones in 22 countries online
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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version on businesswire.com: http://www.businesswire.com/news/home/20150709005484/en/
XoomTheresa Pasinosky, 415-660-1272pr@xoom.com
XOOM CORP (NASDAQ:XOOM)
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