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Xoom Expands Its Money Transfer Services to South America; New Partnership with Latin Express allows Xoom Customers to send money to 6 Additional Countries.


SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden  -- Xoom Corporation announced that it has expanded its money transfer service to six South American countries List of American countries

Nations:
  •  Antigua and Barbuda
  •  Bahamas
. Xoom will now be offering money transfer services to Brazil, Argentina, Chile, Paraguay, Uruguay and Bolivia, via local disbursement DISBURSEMENT. Literally, to take money out of a purse. Figuratively, to pay out money; to expend money; and sometimes it signifies to advance money.
     2.
 partner Latin Express. Customers in Argentina will have the option of direct deposit or cash pick up at any Latin Express location. Recipients in Brazil will be able to have money deposited directly into their bank accounts, while those in Chile, Paraguay, Uruguay and Bolivia will be able to pick up cash in US Dollars at Latin Express locations.

Entrance into the South American market is critical to Xoom's goal of providing reliable, inexpensive money transfer services to overseas workers worldwide. Kevin Hartz, Xoom's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "For overseas workers, sending money home Sending Money Home is a free information service sponsored by the UK Government’s Department for International Development. The aim of Sending Money Home is to provide free, impartial, transparent information anyone looking to sned money overseas but was originally designed  is crucial to their family back home. We are excited to provide South Americans with a quality alternative to current money transfer solutions."

About Xoom

Xoom's money transfer service allows individuals to send money from any Internet-enabled computer to friends, family and businesses in 14 countries Worldwide. Senders can use PayPal, major credit cards or have funds withdrawn directly from their bank account to fund the money transfer. Recipients, receive cash in local currency or US Dollars. Xoom also offers money transfer services to India, the Philippines, the Philippines, The (fĭl`əpēnz'), officially Republic of the Philippines, republic (2005 est. pop. 87,857,000), 115,830 sq mi (300,000 sq km), SW Pacific, in the Malay Archipelago off the SE Asia mainland.  Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. , Jamaica, Hong Kong, Sri Lanka, Bangladesh and Nepal.

http://www.xoom.com

About Latin Express

The objective of Latin Express is to provide a safe, reliable and affordable service in the money transfer market, within and from Argentina, to the most important cities in the world. Latin Express' competitive advantage is based on our high performance operations, and centered on a reception, classification and distribution process that guarantees the delivery timing and method of your money transfer. Latin Express strives for excellence in the services offered to our clients.

http://www.latexpress.com/
COPYRIGHT 2004 Business Wire
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 13, 2004
Words:312
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