Azimo Launches Online and Mobile International Money Service To 125 Countries

LONDON, July 26, 2012 /PRNewswire/ --

azimo . com is a new international money transfer service combining highly competitive rates, superb value for money, smart digital technology and an ethical approach. The result? A simpler way to transfer funds to friends and family all over the world from your mobile phone or via the internet.

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Whether you're looking to send money from home, the office, an internet café or even direct from your mobile, Azimo can transfer the funds quickly and securely to 125 countries worldwide, offering a much-needed alternative to long queues and high commission fees. Money can be sent in three ways - for cash collection at over 150,000 global payout locations, direct to a bank account or for mobile top-ups.  

Azimo is also the first money transfer service to integrate social networks into the process to speed up transactions - simply select friends from your Facebook account and you can then make payments to them directly, with other social media integration on its way.

And, as an ethical company, 10% of Azimo's profits go directly to charity and customers are invited to donate a percentage of their savings to charities and good causes.

Michael Kent, founder of Azimo, says: "Bank and wire services are often slow and charge extortionate rates - usually 4% to 8% of the transaction amount. Our aim is to provide the simplest, most reliable way to send money to anyone, anywhere in the world without needing to wait in long queues or pay over the odds. We want to disrupt the market and show people a more reliable, cost-effective, flexible, ethical and quicker way to transfer money.

"We think it should be simple. With more and more people having access to the internet, smartphones and social media, we are integrating technology that people across the world are familiar with and already use to keep in touch.

"We can afford to be cheaper as we have much lower overheads than the bigger players. Transferring money with Azimo will always be cheaper than a high street bank or money transfer company as we offer a more direct service with fewer middlemen: our charge is between 1% and 2.5%, depending on the transaction size and destination country."

For an example transfer of £500 with Azimo, you can save up to £42 or over 75%, compared to using a high street bank or other competitors*.

* Figures correct as of 27.06.12

SOURCE Azimo.com