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Xoom strikes money transfer deal with Philippines-based Landbank

27 February 2015  |  2442 views  |  0 Source: Xoom

Xoom Corporation (XOOM), a leading digital money transfer provider, now offers instant deposits to all Landbank peso and U.S. dollar accounts. Landbank joins BDO, Metrobank and PNB - four of the top five banks in the Philippines - with instant deposit service for Xoom customers.

"Xoom continually looks for ways to improve our service, and this direct partnership with LANDBANK is another example," said Pia Guter, Xoom's Director of Marketing for the Philippines. "Customers can rest assured that their loved ones with LANDBANK accounts will receive their money without waiting or having to worry about cut-off times. Xoom customers can send anytime, anywhere, using their computer, tablet or mobile phone. It also takes just seconds to send using the new Xoom mobile app."

"We are very excited about this new partnership with Xoom. Our partnership will definitely be a big help to Filipinos in the U.S. looking for a fast and very efficient way of sending money back home. Remittances will be processed and credited to their loved ones' LANDBANK peso or U.S. dollar accounts in real time," said Rene Eje, Vice President, OFW Remittance Group at LANDBANK.

"We are a partner of the National Government in promoting progress through socially-oriented programs and projects. Overseas Filipinos and their beneficiaries are among LANDBANK's priority clients because of the roles they play in stimulating our economy," added Eje.

LANDBANK, the fourth largest bank in the Philippines, is a government-owned bank with a large rural network that serves farmers, fishermen, small to medium enterprises, and microenterprises. In the past, senders were mindful of cut-off times, arranging their schedule to send during specific times, so their recipient would not have to wait another full day to receive money. Instant deposit in the Philippines means no waiting for either the sender or recipient, making this a fast and convenient service for all Xoom customers. 

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