‘Minuto Lang’ Money Transfers Possible

INQUIRER.net
February 26, 2009

SAN FRANCISCO, CA, January 27, 2009 – Online money transfer company Xoom.com and Cebuana Lhuillier are offering money transfer services with cash pickups to the Philippines. This “Minuto Lang!” service partnership is available at over 1,200 Cebuana Lhuillier locations. Any one of these locations can provide your recipient with money in minutes! Many Cebuana Lhuillier shops offer extended hours of operation, offering even more convenience. With a wide network of branches extending into remote provinces of the Philippines, Cebuana Lhuillier provides easy access options for customers.

“The customer values speed when sending money.” said Julian King, Xoom.com Senior Vice President of Marketing and Corporate Development. “Our partnership with Cebuana Lhuillier allows us to provide that speed. Customers are pleased since they receive their money transfers in just minutes!”

Cebuana Lhuillier, a household name for many Pinoys, services thousands of customers a day at their branches throughout the Philippines. Xoom.com taps into this nationwide network and makes sending money to the Philippines more convenient.

“We have been working hand in hand with Xoom.com for over three years.” said Andre D. Lhuillier, Vice-President of Cebuana Lhuillier Services Corporation. “It has been a very valuable partnership – not just for our companies, but for Pinoys everywhere. OFW’s can send remittances faster and more conveniently through Xoom.”

Remitting money with Xoom.com is easy. Simply visit the xoom.com website, enter sender information, how the money will be received, and the amount to be remitted. Then, choose a payment method – bank account, credit/debit card or PayPal – and click “send”. The money will be available in the Philippines in just minutes**. Xoom money transfer fees to the Philippines start at just $3.50*. Pinoys can send $300 to $2,999 for an affordable rate of $7.99 when paying with a US bank accounts.

“Cebuana Lhuillier adds considerable breadth to the Xoom.com reach.” said Gene Gutierrez, Xoom.com Regional Vice-President for the Philippines. “Cebuana Lhuillier is almost in every local township, so our services extend far and wide.”

Xoom.com also provides bank deposits to any bank in the Philippines, home delivery nationwide and over 3,000 cash pickup locations, many of which are open 24 hours a day, 7 days a week. For more information on Xoom money transfer services, please visit www.xoom.com or call 1-877-993-7966 for customer service in Tagalog. Recipients in the Philippines can call 1-800-10-636-7000 (PLDT) or 1-800-8-636-7000 (Globe). Customers can also send e-mail to Xoom customer service 24 hours a day, 7 days a week.

About Cebuana Lhuillier

The Cebuana Lhuillier Services Corporation (CLSC) is an affiliate of the P.J. Lhuillier Group of Companies; an organization managing and operating businesses in diverse industries including financial and insurance services; retail and trade; property and resort management; communications and information technology. Its core business is in pawnshop services, bannered by the Cebuana Lhuillier brand.

About Xoom

Xoom.com enables individuals to send money from any Internet-enabled computer to family, friends and businesses worldwide. Xoom Corporation was founded in 2001 in San Francisco and is backed by leading venture firms Sequoia Capital, New Enterprise Associates and Fidelity Ventures.

*Xoom makes money on transactions involving foreign currency exchange based on the difference between the rate at which Xoom purchases foreign currency and the rate provided to you.

**The speed of transaction claim is dependent on good funds availability and approval by the Xoom proprietary verification system. It is subject to Xoom receiving agent hours of operation and difference in time zone, and may not be available for all transactions.