SAN FRANCISCO, May 21, 2013 (GLOBE NEWSWIRE) -- Xoom Corporation (Nasdaq:XOOM), a digital money transfer provider, and Vesta Corporation, a leading mobile payments provider, today announced a partnership to offer international money transfers using mobile devices. The Vesta PayMobile™ wallet allows users to top-up their prepaid iPhone and Android devices with some of the largest carriers in the US. Through this partnership, the Vesta wallet will also provide subscribers with access to Xoom's money transfer services directly from their smartphone.
"This exciting partnership with Vesta will help Xoom continue to expand its mobile channels and provide a fast and convenient way to send money back home," says Julian King, Xoom's senior vice president of marketing and corporate development. "Mobile is one of Xoom's fastest growing access points, accounting for 28% of our total transactions in the first quarter of 2013."
Through the wallet app built by Vesta, users will be able to sign up for the Xoom service, and send money to friends and family in Latin America, the Philippines, India, Europe, Australia and South Africa from their smartphone.
"Xoom's global reach, unique pricing model and rapid delivery options are revolutionizing money transfer, making their transfer services a perfect fit for the Vesta PayMobile wallet," said Marshall Behling, Vesta's senior vice president market development. "Xoom's innovative approach to money transfer is giving prepaid smartphone subscribers a convenient, cost-effective way to send money to friends and family around the world."
About Xoom
Xoom is a digital money transfer provider, focused on helping consumers send money in a secure, fast and cost-effective way using their smartphone, tablet or computer. During the 12 months ended March 31, 2013, Xoom's more than 840,000 active customers sent more than $3.6 billion to family and friends in 30 countries worldwide. The company is headquartered in San Francisco and can be found online at www.xoom.com.
About Vesta Corporation
Vesta Corporation is the leading provider of innovative payment services for mobile operators. Vesta has processed hundreds of millions of electronic payments for a wide range of telecommunications products and services through operation centres in Europe, the Americas and Asia. Vesta's state-of-the-art payment channels, best-in-class fraud management, PCI-compliant data security, and robust customer intelligence have proven to increase revenue and reduce costs for clients worldwide, including AT&T, Cricket Communications, Meteor, Movistar, Sprint, T-Mobile USA, Telcel, Tele2, Telefónica O2, Verizon, and Vodafone.
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