Xoom.com Announces 24/7 Cash Pickup in the Philippines

February 17, 2009

SAN FRANCISCO—(U.S. ASIAN WIRE)— Xoom.com, the fastest growing online money transfer company, announced a
partnership with M. Lhuillier to offer cash pick-up at more than 1,000 locations in the Philippines. Many M. Lhuillier locations offer 24/7 service, allowing greater convenience for cash pickups. With 24/7 cash pickup money transfer, beneficiaries are no longer restricted by remittance center business hours. Recipients no longer have to miss work or rearrange the day in order to accommodate the errand of picking up money from outlets.

“Our partnership with M. Lhuillier reflects our commitment to provide even more convenient money transfer services to our Filipino customers,” said Julian King, Xoom.com Senior Vice President of Marketing and Corporate Development. “M. Lhuillier’s 24/7 network gives our customers the choice of picking up remittances on their schedule.”

M. Lhuillier brings to the Xoom.com network an additional 1,000 locations, raising the total number of Xoom locations in the Philippines to over 3,000. Not only are many of the M. Lhuillier locations open 24/7, most M. Lhuillier outlets also offer extended hours of service and are open evenings and weekends.

“We’re delighted with our partnership with Xoom.com,” said Michael Lhuillier, Vice President of M. Lhuillier. “Xoom.com’s online service allows sending money 24/7. It’s a perfect complement to receiving money transfers 24/7, as well. That’s round-the-clock service.”

24/7 convenience is not just for recipients who are picking up remittances. Round-the-clock services are also available for senders. Send money to the Philippines anytime by visiting xoom.com enter sender information, how the money will be received, and the amount to be remitted. Then, choose a payment method – bank account, credit/debit card or PayPal – and click “send.” The money will be available in the Philippines in just minutes**. Xoom money transfer fees to the Philippines start at just $3.50*. Pinoys can send $300 to $2,999 for an affordable rate of $7.99 when paying with a US bank account.

“Xoom.com has always made sending money easy for kababayans, and now with M. Lhuillier’s 24/7 cash pickup, sending money is more convenient for all remittance needs – from regular remittances, to last minute cash situations and unforeseen emergencies,” said Gene Gutierrez, Xoom.com Regional Vice President for the Philippines. “M. Lhuillier shops are in almost every local township, making it very convenient for loved ones to pick up the money.”

Including the M. Lhuillier 24/7 locations, Xoom cash pickup service is available at over 3,000 locations across the Philippines. Xoom.com also provides bank deposits to any bank and home delivery nationwide. For more information on Xoom money transfer services, please visit www.xoom.com or call 1-877-993-7966 for customer service in Tagalog. Recipients in the Philippines can call 1-800-10-636-7000 (PLDT) or 1-800-8-636-7000 (Globe). Customers can also send email to Xoom customer service 24 hours a day, 7 days a week by logging on to www.xoom.com/help.

About M. Lhuillier
The seeds to success for M. Lhuillier Philippines, Inc. were sown as far back as the 1930s. With a simple mission to ease the financial burden of Filipinos through money lending, M. Lhuillier has become a byword in service – the company that every Filipino can really rely on. Initially a money lender, it has since diversified to include money remittance, jewelry, insurance, courier, electronic loading, processed food products and a host of other allied services. Its domestic remittance service has been tested and proven in the industry. With an online system that connects all the branches in the network, money can be sent and received in any of its locations in just a few minutes. This truly earns M. Lhuillier the designation “Numero Uno ng Bayan.”

About Xoom
Xoom.com enables 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.

*Xoom makes money on transactions involving foreign currency exchange based on the difference between the rate at which Xoom purchases foreign currency and the rate provided to you.

**The speed of transaction claim is dependent on good funds availability and approval by the Xoom proprietary verification system. It is subject to Xoom receiving agent hours of operation and difference in time zone, and may not be available for all transactions.



Contact:
Ringo Macabenta, Fuel Cels
Email: Ringo@fuelcels.com
Tel: 650-992-4001

Editor’s Note: Interviews are available and can be scheduled with the CEO or Sr. VP of Marketing & Corporate Development of Xoom, please contact Ringo Macabenta.

Photo Caption: TWENTY-FOUR/SEVEN CASH PICKUP MADE AVAILABLE. Online money transfer company, Xoom.com and the M. Lhuillier Inc. chain have partnered to provide convenient 24/7 cash pickup services in the Philippines. Pictured during the formal signing of the agreement are (from left) Cecile B. Lumapas, Financial Service Division Manager; Charles L. Lhuillier, Vice President of M. Lhuillier; Gene Gutierrez, Xoom.com Regional Vice-President for the Philippines; Michael L. Lhuillier, Vice President of M. Lhuillier, Philippines; and Arne Jude S. Millares, General Manager for Visayas and Mindanao.