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Press release from GlobeNewswire (a Nasdaq OMX company)

Xoom Partners With Red Pocket Mobile for International Money Transfers

Monday, October 07, 2013

Xoom Partners With Red Pocket Mobile for International Money Transfers

13:30 EDT Monday, October 07, 2013

LAS VEGAS, Oct. 7, 2013 (GLOBE NEWSWIRE) -- Xoom Corporation (Nasdaq:XOOM), a leading digital money transfer provider, announced today its partnership with Red Pocket Mobile, a leading contract-free wireless service provider, to offer Red Pocket subscribers integrated access to Xoom's mobile and desktop global money transfer sites.

Red Pocket Mobile logo


Starting today, Red Pocket subscribers can visit xoom.com/Redpocket or GoRedPocket.com/partners from their smartphone or desktop computer to initiate an international money transfer to friends and family in 30 countries. Red Pocket customers will be able to sign up for Xoom to send money to friends and family in Latin America, the Philippines, India, Europe, Canada, Australia and South Africa.

"Partnering with Red Pocket further propels Xoom's expansion into the mobile domain," said Julian King, Xoom's Senior Vice President of Marketing and Corporate Development. "Red Pocket has become known for exceptional mobile service that includes many loyal subscribers in America's immigrant population who still have strong ties to family and friends in their home countries. At Xoom, we're changing the way money transfers have typically been done by offering our customers a digital service on desktop and mobile that is safe, convenient and very fast."

"Xoom brings another exciting value-added product to Red Pocket Mobile's innovative, multi-carrier wireless service offering," said Dean Wong, Red Pocket Mobile's Vice President of Business Development. "We're proud to offer Xoom's digital money transfer service to our rapidly-growing customer base."

Xoom and Red Pocket Mobile made this announcement at the Money2020 conference taking place this week in Las Vegas. Xoom CEO John Kunze will be speaking on a panel entitled "International Transfers and FX: Consumer Solutions," on Tuesday, October 8, from 5:20 – 6:05 PM at the Aria Convention Center (room Juniper 3 on the third floor).  For more information, visit www.money2020.com.

About Xoom

Xoom is a digital money transfer provider, focused on helping consumers send money in a secure, fast and cost-effective way using a smartphone, tablet or computer. During the 12 month period ended June 30, 2013, Xoom's more than 915,000 active customers sent more than $4.3 billion to family and friends in 30 countries. The company is headquartered in San Francisco and can be found online at www.xoom.com.

About Red Pocket

Red Pocket Mobile offers contract-free wireless service throughout the United States, including Hawaii, Alaska, Puerto Rico, and the US Virgin Islands, as a Mobile Virtual Network Operator (MVNO) on the nation's best wireless networks. Awarded an A+ rating by the Better Business Bureau®, Red Pocket's product suite includes Unlimited and Pay-As-You-Go wireless plans. For more information about Red Pocket Mobile, visit: http://GoRedPocket.com. Become a fan of Red Pocket on Facebook at http://www.facebook.com/redpocketmobile. Red Pocket Mobile - Freedom For All™.

[XOOM-G]

CONTACT: Media Contact:
Robin Carr, Xoom
415-395-4363
robin.carr@xoom.com
Carol Sherwin, Red Pocket Mobile
pr@GoRedPocket.com

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