Africa Business World 

Azimo offers free remittances amid gloomy World Bank predictions

– – Azimo, the digital money transfer service, is offering a fee-free transfer for all senders on June 16, the UN’s International Day of Family Remittances, after remittance volumes in 2020 beat expectations. The International Day of Family Remittances was launched in 2015 to raise awareness of the contribution that migrant workers make to the economies of their home countries. During 2020, despite the challenges caused by COVID-19, the total volume of remittances sent home by migrant workers fell by just 1.6%, a testament to their resilience and hard work.…

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Africa Business World 

Azimo to halve the cost of sending money abroad from Australia

– – October 29th, 2020, London UK: Faster, cheaper money transfers are coming to Australia thanks to a new service from Azimo, one of Europe’s leading fintech companies. Azimo, which has operated in Europe since 2012, will now help people in Australia send money to more than 200 countries and territories worldwide, including China, Vietnam, the Philippines and Thailand. The company registered with AUSTRAC as a money service business in July this year and will launch its service at the end of October 2020. The company intends to disrupt the $28…

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Africa Business World 

Digital money transfer service Azimo reaches profitability

Azimo, Europe’s leading digital money transfer service, today announced that it has reached profitability during Q2 2019. Following the successful expansion of sending to regions such as Africa and south-east Asia, the volume of transfers enabled by Azimo increased by 60% year on year. Building on the momentum of its expansion strategy, Azimo will be extending its services to allow customers to send money from Asia, the biggest money transfer region in the world, before the end of 2019. Michael Kent, the co-founder of Azimo, is also stepping down as…

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