Xoom.com Launches Money Transfer Service In South Korea

To provide immigrant communities with an alternative money transfer option

Xoom Corporation, an internet-based global money transfer company, has launched new service in South Korea. The launch supports Xoom.com's corporate initiative to provide immigrant communities with an alternative money transfer option.

Xoom.com's money transfer service allows customers to send money from any internet-enabled computer using a credit card or checking account to fund the transaction. The new service augments Xoom.com's existing global presence worldwide, including China, India, Philippines, UK, South Africa, Mexico, Brazil and other countries.

Iain Allison, vice president of Asian business development at Xoom.com, said: "Xoom.com offers Korean immigrants a convenient option for wiring money online. They can send money from their home computer directly to any bank account in South Korea. With Xoom.com, customers pay just $4.99 to send any amount and the funds reach the Korean bank in less than one business day."