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TheStreet Open House

Bayad Center Joins Xoom's Payout Network For Money Transfers To The Philippines

Stocks in this article: XOOM

SAN FRANCISCO, Nov. 4, 2013 (GLOBE NEWSWIRE) -- Xoom Corporation (Nasdaq:XOOM), a leading digital money transfer provider, and Bayad Center, the leading over-the-counter multiple bills payment center in the Philippines, now offer international money transfer services at Bayad Center locations throughout the Philippines.

"Bayad Center is a well known brand and many Filipinos pay their bills at Bayad Centers, making this a very convenient way for Xoom customers to pick up cash," says Julian King, Xoom's Senior Vice President of Marketing and Corporate Development. "Both Xoom and Bayad Center are committed to excellent customer service, reliability and convenience. Bayad Center is a great addition to Xoom's Philippines network."

Beginning November 4, Xoom customers can send money for cash pickup at more than 200 Bayad Center locations, generally open Monday to Friday from 8:00 AM to 5:00 PM and on Saturdays from 8:00 AM to 4:00 PM. The addition of Bayad Center increases Xoom cash pick up locations to more than 13,500 in the Philippines.

About Xoom

Xoom is a leading digital money transfer provider, focused on helping consumers send money in a secure, fast and cost-effective way using their mobile phone, tablet or computer. During the 12 month period ended September 30, 2013, Xoom's more than 997,000 active customers sent more than $5.1 billion to family and friends in 30 countries. The company is headquartered in San Francisco and can be found online at www.xoom.com .

About Bayad Center

Bayad Center is Philippine's pioneer and leader in the Outsourced Payment Collection Industry. Now, more than ever, Bayad Center continues to blaze the trail in the industry by providing a dependable bills collection solution to its corporate partners, creating business opportunities for its franchisees, and offering the public a reliable and convenient bills payment service. Bayad Center is a member of the two major franchise organizations in the Philippines, namely: Philippine Franchise Association (PFA) and the Association of Filipino Franchisers, Inc. (AFFI).

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