Xoom Launches Instant Money Transfer Service to Pakistan

Xoom Corporation (NASDAQ:XOOM), a leading digital money transfer provider, today announced the launch of its money transfer service to Pakistan. Xoom has partnered with Habib Bank Limited (HBL), one of the largest banks in Pakistan, to offer instant deposits to HBL accounts in Pakistan. Deposits are instant 24 hours a day, seven days a week, 365 days a year, including bank holidays. With the addition of Pakistan, Xoom’s money transfer services now reach 32 countries worldwide.

“We are thrilled to announce that Xoom now offers instant deposits to HBL bank accounts in Pakistan,” said John Kunze, Xoom’s President and CEO. “With Xoom’s breakthrough technology, Pakistanis living in the U.S. can experience secure, convenient, and cost-effective digital money transfers.”

“HBL takes pride to announce its partnership with Xoom,” said Hassan Raza, Group Head – Structured Credits and Global Remittance Business. “This is yet another step by the bank to provide banking solutions to its customers. Through this collaboration, families residing in Pakistan can receive their money instantly and safely with ease and convenience from the U.S.”

Xoom makes it secure and convenient for Pakistani immigrants to send money from their computer, tablet, or mobile phone. When paying with their bank account, customers can send up to $1,000 for just $4.99, and transfers are fee-free for transactions over $1,000. Customers can also download Xoom’s app for Android and iOS mobile devices to send money on the go. Visit Xoom.com/pakistan for more information.

About Xoom

Xoom is a leading digital money transfer provider that enables consumers to send money to and pay bills 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 December 31, 2014, Xoom’s more than 1.2 million active customers sent approximately $6.9 billion with Xoom. The company is headquartered in San Francisco and can be found online at Xoom.com.

About HBL

As Pakistan’s worldwide bank, HBL offers banking solutions to customers in 29 countries spanning across four continents. Its tradition of personalized service and capacity to respond to customer needs makes HBL the largest bank in the country for cross-border trade and remittances.

Through a robust network of 1,547 branches across Pakistan, HBL pursues financial inclusion with vigor. Its 1400+ ATM’s nationwide offer unmatched convenience. The bank maintains the lead in providing solutions through alternate delivery channels.

HBL continues to expand its franchise and enhance its capacity through a balanced approach to capital preservation and growth. At HBL, banking is offered beyond borders.

(Xoom – g)