Sending money abroad is getting faster and cheaper every day. Financial technology, or fintech, is bringing the era of high fees, slow delivery and rip-off exchange rates to an end. But how?
Azimo, a British Fintech company, was founded in 2012 by Michael Kent with the vision of making financial services affordable and available to all. With offices in the UK, Amsterdam, Kraków and Hong Kong, it now helps customers to send money from 27 countries to more than 200 countries and territories around the world.
Azimo’s technology lets you transfer money to bank accounts and 200,000+ cash pick-up locations worldwide. You can also send money to mobile wallets and even have cash delivered to a home address, depending on the receiving country.
Most transfers arrive in less than 24 hours, and the company is now using real-time payment systems to pioneer instant transfers to over 80 countries. These include China, the Philippines, Thailand and Vietnam.
Because Azimo is an online company, they don’t pay rent on expensive high street stores – and they pass the savings on to customers. This allows them to charge a single, low fee and offer market-leading exchange rates. According to World Bank data, Azimo is up to 75% cheaper than banks and traditional money transfer shops.
Azimo’s app is designed to make money transfers safer, easier, and cheaper. With the Azimo app, you can:
- Check the estimated delivery time of your transfer.
- Receive real-time updates on the progress of your transfer.
- Get the best rates with currency alerts.
- Save your card details securely to pay for your next transfer within seconds.
Join over 2 million users enjoying Azimo’s safe and inexpensive service to send money to your loved ones. Your first two transfers are fee-free.
To get started, follow these simple steps:
- Create an account via the Azimo website or app.
- Provide your personal details and a valid ID to verify your identity.
- Choose a country, delivery method and enter your recipient’s details.
- Choose an amount and pay securely with your debit/credit card or by bank transfer.
- Check all transfer details and confirm payment!
Article by Malorie Manaois, Financial literacy and remittances, SaverAsia
Posted 22nd July 2021