articles | 27 March 2014

Azimo expands into 15 new markets, including Cyprus

Azimo, the online international money transfer service, is making its low cost services available to Cyprus and 14 other EU members.

The move more than quadruples the number of markets that now have access to Azimo’s revolutionary money transfer service, making it available across 19 countries in total. The launches, which include Cyprus, France, Italy, the Netherlands, Spain and Portugal, follow successful fast-growing operations in the UK, Ireland and Germany and the launch in Austria earlier this year.

Azimo gives consumers a simple and cost-effective solution to sending money to 195 countries either to a bank account or to over 150,000 cash pick-up points around the world. It is available in 12 languages. The expansion more than doubles Azimo’s reach, making the low-cost international money transfer service available to an additional 185 million customers across Europe. A total of 335 million potential customers now have the ability to send cash across borders to seven billion possible recipients, in many cases in less than a minute. With the 15 new countries Azimo has increased the number of transaction corridors it operates, boosting its global routes for remittances from 750 to over 3,700.

Azimo founder and CEO, Michael Kent, said: “This is a significant milestone for Azimo – for the last two years we have been operating very successfully across the UK, Ireland, Austria and Germany, but our vision has always been global. We know there is huge demand for an affordable and easy way to transfer money between European countries, and also from Europe to the rest of the world, and now Azimo’s service can meet the demand.

“Our aim is to disrupt the remittance markets across Europe and further afield – we offer rates up to 85% cheaper than many of the banking and money transfer industry fat cats, and coupled with our commitment to providing a fast and efficient service to our customers, I’m confident we will continue to see consumers switching to Azimo in ever greater numbers,” continued Kent. The Azimo service is accessible by smartphone, tablet or desktop and can even be accessed through Facebook. Money can be sent direct to a bank account, via a courier or to a cash pick-up service.

Source: PR Web

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