Latinos Lead in Using Mobile Phones for Sending Money

Studies show Mexicans and Central Americans twice as likely to send money via mobile phones than other immigrant groups

By LatinoLA Contributor
Published on LatinoLA: November 17, 2011

Latinos Lead in Using Mobile Phones for Sending Money

The leading company in online money transfers, Xoom.com, announced today the launch of their mobile website. The mobile website allows customers to send money easily from a mobile phone in the United States.

This decision to create a mobile website was supported by recent studies that show that Latinos are more likely to have a mobile phone with access to the Internet compared to the US general market (44% vs 35%) . In a study conducted by Xoom.com, the company revealed that Latinos use their mobile phones to send money more frequently than any other immigrant group. Mexicans and Central Americans are leading this trend with 13% of remittance transactions being sent from a mobile phone. Other immigrant groups send 7% of remittances from a mobile phone .

Consumers can now use Xoom.com to send money to Mexico or any other country by visiting the mobile website on any Smartphone like iPhone or Android. The beneficiary of the money transfer can receive the money in cash and in minutes at a window location or in a bank account.

"You no longer need Internet access or a computer at home to send money quickly and safely with Xoom.com," said Julian King, vice president of marketing and business development at Xoom.com. "Now you can send money from anywhere by visiting the Xoom.com site on your mobile phone," he added.

With the launch of the mobile website, Xoom.com offers its customers an even more convenient option for sending money to their home countries. Customers can visit the mobile website by visiting m.xoom.com on any mobile phone browser.

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