Xoom Expands Instant Money Transfer Service To China - Quick Facts

(RTTNews) - Xoom Corp. (XOOM), a digital money transfer provider, said it has launched a money transfer service to China. The transfers will be processed through the UnionPay MoneyExpress network.

Xoom noted that the instant bank deposit service will allow Chinese immigrants with a U.S. bank account, credit card, or debit card to conveniently send money online to most bank accounts in China within seconds. With the addition of China, Xoom's money transfer service now reaches 31 countries worldwide.

Xoom provides locked-in exchange rates on Renminbi deposits to China and a secure and convenient way for Chinese immigrants to send money from their computer, tablet, or mobile phone.