Xoom Launches Instant Deposit Service to all RCBC Accounts in the Philippines

Xoom, a leading digital money transfer provider, now offers instant deposits to all RCBC peso and U.S. dollar accounts. RCBC joins the top Philippine banks like BDO, PNB, Metrobank and Landbank offering instant deposit service for Xoom customers.

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Pictured left to right: Ruby Secades, MGR, Remittance Tie-ups Specialist; Alvin Antonio, FVP, Segment Head, Global Filipino Banking; Emmanuel Narciso, FSVP, Group Head, Global Transaction Banking Group; Iain Allison, VP, Business Development, Xoom Corporation; Pia Guter, Director of Marketing, Xoom Corporation; Kristine Chung, Business Development Manager, Xoom Corporation (Photo: Business Wire)

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

“This partnership with Xoom is in line with RCBC’s mission to help overseas Filipinos by providing a fast and convenient way of sending money back home. RCBC is committed to processing and crediting Xoom remittances to all RCBC accounts in real time,” said Manny Narciso, First Senior Vice President, Global Transaction Banking Group at RCBC.

Now on its 55th year, RCBC is among the top largest Philippine banks in terms of assets, with 456 branches and 1,342 ATMs all over the Philippines. Instant deposit to any RCBC bank account in the Philippines means no waiting for either the sender or beneficiary, making this a fast, convenient and safe service for Xoom customers. Visit www.xoom.com/philippines for more information.

About Xoom

Xoom, a PayPal service, is a leading digital money transfer provider that enables consumers to send money, pay a bill or send prepaid mobile phone reloads for family and friends around the world in a secure, fast and cost-effective way, using their mobile phone, tablet or computer. The company is headquartered in San Francisco and can be found online at www.xoom.com.

About RCBC

RCBC is the financial flagship company of the Yuchengco Group of Companies, one of the oldest and largest conglomerates in the Philippines and South East Asia covering 60 businesses which include banking, insurance, construction and education. Between 2010 and 2014, RCBC received over 70 awards from various award-giving bodies, of which 18 came from AsiaMoney such as Best Domestic Private Bank in the Philippines for three consecutive years. Learn more at www.rcbc.com.

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XoomKathy Chui, [e-mail]