25 October 2014

Banco Popular joins Xoom's money transfer network in the Dominican Republic

10 April 2014  |  1665 views  |  0 Source: Xoom

Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, today announced that Banco Popular Dominicano is offering Xoom's fast deposit services to the bank's checking and savings accounts in usually less than 15 minutes to the Dominican Republic.

With the addition of Banco Popular Dominicano, Xoom expands its cash pickup network in the Dominican Republic to 576 locations, including Banco BHD, Caribe Express and Banco del Progreso. Xoom and Banco Popular Dominicano also offer Cash Pickup at more than 200 locations across the island.

"Banco Popular Dominicano and Xoom are committed to providing innovations that bring more convenience to our customers and their loved ones," said Julian King, Xoom's Senior Vice President, Marketing and Corporate Development. "By adding Banco Popular Dominicano to our network, we are providing customers more options when sending money to the Dominican Republic, and a seamless experience for both the sender and recipient."

Dominicans will be able to receive their money faster, since they will be able to withdraw the funds from their Banco Popular Dominicano account anytime at more than 700 ATMs across the island. Traditionally, Dominicans receive money through home delivery or cash pickup during business hours. This new faster option gives them access to their money during evening hours, weekends and holidays through the Banco Popular Dominicano ATM network.

"Xoom is an exciting partnership for Banco Popular Dominicano," said Francisco Ramírez, Banco Popular Dominicano's Marketing Vice President. "Xoom shares our vision in providing a faster way for sending and receiving money in the Dominican Republic. The innovative bank deposit service makes money available for withdrawal at any of our ATMs in usually less than 15 minutes."

Xoom customers can send money to the Dominican Republic any time from Xoom.com by clicking here: https://www.xoom.com/banco-popular. The site is available 24 hours a day, seven days a week, 365 days a year, from any internet-connected device. Banco Popular Dominicano processes bank deposits seven days a week, 23 hours a day. For customers who prefer cash pick up, Banco Popular Dominicano branch locations are open Monday to Saturday from 9:00 AM to 7:00 PM, and Sunday from 9:00 AM to 1:00 PM.

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