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Xoom Adds Home Delivery in Vietnam, Cash Pickup and Deposits to Sacombank

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Xoom Corporation (NASDAQ:XOOM) , a leading digital money transfer provider, has partnered with Sacombank, one of the largest banks in Vietnam, to offer same-day home delivery, instant cash pickup, and fast bank deposits. With this partnership, senders can deposit money in minutes directly to Sacombank, Vietcombank, and DongA Bank as well as send fast deposits to nine Banknet banks, including Saigonbank, PVComBank, and VietinBank.

U.S. dollar service is also available with the new partnership. Customers sending money to Vietnam can now have U.S. dollars delivered, picked up, or deposited into their loved one’s accounts. Instant cash pickup is available at more than 400 Sacombank branches across the country.

Xoom expands its service to Vietnam to help the estimated 1.3 million Vietnamese immigrants living in the United States send money more easily to friends and family. Most Vietnamese immigrants remit money using agent locations – an experience that’s typically time-consuming and inconvenient. Xoom offers a mobile phone app that allows money to be sent in seconds, while saving the customer from the hassle of driving to the store, waiting in line, and talking to an agent.

Anne Le Tran, Xoom’s senior copywriter for Products, moved from Saigon to the U.S. at the age of nine. “I enjoy working at Xoom.com because the company is committed to helping immigrants save time, while providing a great service for their families back home,” said Le Tran. “I recommend Xoom.com to anyone who needs to send money to Vietnam,” she adds.

“We are excited to partner with Xoom,” said Mr. Le Vu Bang, head of retail banking at Sacombank. “Together, we offer a revolutionary money transfer service where the sender sends in just seconds, and the receiver picks up in seconds – giving instant access to their money.”

Xoom is open 24 hours a day, 7 days a week to help with the time difference between the United States and Vietnam. During banking hours in Vietnam, customers can receive their funds at a Sacombank location instantly.

Pia Guter, an immigrant from the Philippines, is the marketing director in charge of Vietnam. “Xoom is the easiest way to send money to Vietnam. Customers can send money in seconds with Xoom’s app or by going to www.xoom.com,” says Guter. “Sacombank is a great partner that offers our customers plenty of choice for sending money. Whether you want delivery or pickup, dong or dollar – Xoom offers it,” adds Guter.

Recipients don’t need to have a Sacombank account to receive a money transfer from Xoom. In addition, door-to-door delivery is available to most cities and provinces. Same-day delivery is available for most major cities and is one to two days for provincial areas.

Visit https://www.xoom.com/vietnam 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 March 31, 2015, Xoom’s more than 1.3 million active customers sent approximately $7.0 billion with Xoom. The company is headquartered in San Francisco and can be found online at www.xoom.com.

About Sacombank

Headquartered and listed in Vietnam, Sacombank is one of the leading commercial banks in the country and continuously growing in Cambodia and Laos with more than 10,000 employees and more than 420 business locations in the region. Sacombank (Cambodia) Plc., a wholly-owned subsidiary of Sacombank, was transformed from a branch in October 2011. The bank offers broad range of banking products and services to private individuals, self-employed customers, as well as small- and medium-sized enterprises in the region wide.

(Xoom – g)

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