Xoom Corporation announced today that Bancomer Transfer Services, Inc.'s (BTS) extensive network of Latin American banks, will become a receiving partner for Xoom.com's money transfer service.

Money can be sent to Mexico, Argentina, Bolivia, Brazil, Colombia, the Dominican Republic, El Salvador, Ecuador, Guatemala, Honduras, Nicaragua, Panama, Peru and Uruguay. Xoom.com also offers money transfers to Chile and Paraguay.

Depending on the country, Xoom customers can send money to their beneficiary for cash pickup at a branch, can deposit the money directly to their beneficiary's bank account or can choose to have the money delivered to the beneficiary's home or office. They can choose from a variety of ways to fund the transaction on line, including a checking account, credit card, payroll card or PayPal.

Money transfers to Latin America at Xoom.com start at only $2.99.

In order to send money on line through Xoom.com, you can go to http://www.xoom.com and use the coupon code XOOMLATINO, to get a free money transfer on their first transfer.

You can send money to the beneficiary for pickup at a nearby location, or you can deposit the money directly into the beneficiary's bank account, depending on the country. The money is available to the beneficiary within 15 minutes of completing a Standard Service transaction. The beneficiary does not have to have a bank account to pick up the money.

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Xoom.com Partners with BTS to Offer New Options for Sending Money to Latin America