Work Less More Money

San Francisco, CA (PRWEB) December 10, 2008

Xoom.com, the fastest increasing online cash transfer firm, and Philippine banking giant, the Philippine National Bank (PNB), have announced a partnership that makes achievable unprecedented speed in sending money to the Philippines. Cash transfers that employed to take days to bank accounts will now usually be obtainable in minutes. With the Xoom.com safe internet site, OFWs all above the world can send income to their beneficiaries’ PNB bank accounts hassle-free and at very reasonably priced rates.

“PNB is always on the lookout for strategic alliances with partners that will further strengthen our banking services to OFWs. Xoom’s revolutionary on-line remittance service assures seamless cash transfer to their beneficiaries’ PNB bank accounts”, mentioned PNB President and CEO Omar Byron T. Mier.

Xoom President and CEO John Kunze mentioned “Provided PNB’s robust franchise in the OFW market place, the tie-up provides an excellent chance for Xoom.com to further boost its very own solutions for the Filipino community. With this arrangement, more overseas Filipinos can get pleasure from superior service, fast money transfer and low charges.

Remitting income to a PNB account with Xoom.com is straightforward. Merely check out http://www.xoom.com/philippines, enter sender information, the recipient’s PNB account specifics and the quantity to be remitted. Then choose a payment strategy – bank account, credit/debit card or PayPal – and click “send”. The funds will be obtainable in the recipient’s PNB account typically in minutes. It is also straightforward on the budget – transfer money for as tiny as $ three.50* and send $ 300 to $ two,500 denominations for an unbelievably inexpensive rate of $ 7.99 when paying with US bank accounts.

“The typical inconveniences connected with prolonged queues and limited hours of operation of standard remittance outlets will be totally wiped out by means of this service”, remarked Gene Gutierrez, Xoom.com Regional Vice-President for the Philippines. “Efficiency and convenience is therefore assured.”

In addition to bank deposits in minutes, Xoom.com also supplies cash pickup in over 1,900 locations in the Philippines, and residence delivery in key cities and home provinces. For a lot more details on these and other items, please check out http://www.xoom.com/philippines or call 1 877-993-7966 for consumer service in Tagalog. Recipients in the Philippines can call 1-800-ten-636-7000 (PLDT) or 1-800-eight-636-7000 (Globe). Customers can also send e-mails about any questions by logging on to xoom.com/help.

About PNB

The Philippine National Bank is a single of the largest banks in the Philippines with a wide array of competitive banking goods to answer the diverse wants of its large clientele, which includes a lot more than two million depositors. PNB commands a robust foothold in the remittance enterprise with remittance centers in the US, Canada, United Kingdom Spain, France, Germany, Austria, Italy, Hong Kong, Japan, Singapore, and the Middle East countries. It has the widest international presence among Philippine banks and also has a single of the widest branch network in the Philippines.

About Xoom

Xoom.com permits people to send cash from any World wide web-enabled pc to family members, pals and corporations throughout the world. Xoom Corporation was founded in 2001 in San Francisco and is backed by top venture firms Sequoia Capital, New Enterprise Associates and Fidelity Ventures.

*Xoom tends to make money on transactions involving foreign currency exchange primarily based on the difference amongst the rate at which Xoom purchases foreign currency and the rate offered to you.

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