SAN FRANCISCO, April 2, 2013 (GLOBE NEWSWIRE) -- Xoom Corporation (Nasdaq:XOOM), a global online money transfer provider, launched POWR (Pay Only When Received), to Filipino remitters last month. Today, Xoom announces that the breakthrough initiative is now available to qualifying remitters throughout Latin America and the Caribbean who choose to send with their bank account ( https://www.xoom.com/pay-after-received). Xoom is unlike other money transfer companies in that, if the sender pays with a bank account, Xoom will only withdraw the total amount of the money transfer once the money has arrived.
About XoomXoom is a global online 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 year ended December 31, 2012, Xoom's more than 750,000 active customers sent more than $3.2 billion to family and friends in 30 countries worldwide. The company is headquartered in San Francisco and can be found online at www.xoom.com. The Xoom Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=17189 The POWR logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=17562 [XOOM-G]
CONTACT: Media Contact: Robin Carr, Xoom 415-395-4363 firstname.lastname@example.org