Xoom expands instant deposit service to one of India’s leading financial institutions
Xoom Corporation (NASDAQ: XOOM), a leading digital
money transfer provider, is now offering instant deposits to ICICI Bank
accounts in India. This revolutionary service allows
Xoom customers to instantly deposit money into their recipients’ ICICI Bank
accounts, 365 days a year, including bank holidays. Instant deposits to ICICI Bank
are processed through Xoom’s partnership with Punjab National Bank.
“Through our partnership with Punjab National Bank
and the breakthrough IMPS technology, we are thrilled to expand our instant
deposit service to ICICI Bank, one of India’s largest banks,” said Julian King,
Senior Vice President of Marketing and Business Development for Xoom. “Instant
deposits are available 365 days, including bank holidays, so customers will
never have to wait. Speed and convenience are what customers expect from Xoom’s
service and we continue to do just that in our mission to provide instant
deposit to even more banks in India.”
In addition to ICICI Bank, Xoom also offers instant
deposits to Punjab National Bank, HDFC Bank, Union Bank of India, Bank of
Baroda, Federal Bank and Yes Bank.
Xoom provides great locked-in exchange rates for
money transfers to India, and there is no fee when customers send more than
$1,000 and pay with their U.S.-based bank account. Plus, Xoom continues to
provide fast bank deposits within four hours to all other banks in India,
including to NRE and NRO accounts, when sent during bank processing hours in
India.
Customers can also download the Xoom App for
Android and iOS mobile devices for free. Visit https://www.xoom.com/india
for more information.
About Xoom
Xoom is a leading digital money
transfer provider that enables consumers to send money to 30 countries in a
secure, fast and cost-effective way, using their mobile phone, tablet or
computer. During the 12 months ended June 30, 2014, Xoom's more than 1.1
million active customers sent approximately $6.3 billion to family and friends.
The company is headquartered in San Francisco and can be found online at www.xoom.com.
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