Azimo is a 100% online money transfer platform that has been created in 2012 in the UK and it is regulated by the FCA (Financial Conduct Authority in the UK). After a year of existence it had already gathered 30,000 clients.
What differentiates Azimo from the rest of money transfer operators is the fact that they allow cash pickups in some countries (in total they count 270,000 locations for cash pick-up). Most companies focus on bank to bank solutions so this is a truly advantage for Azimo. They also allow mobile money transfers in developing countries like Kenya which turns out very useful when banking systems are unstable. Azimo cannot be defined as a proper worldwide operator as they enable money transfers only for the eurozone and the UK. However you can send money to more than 190 countries around the globe and in 80 currencies. A good thing to know is that their website is translated in 10 languages, which might indicate their intention to expend on a wider scale.
Be careful if you need to send small amounts of money as Azimo charges quite high flat fees.
Then you’ll have to chose your payment method:
- make a local transfer to Azimo
- or you can pay instantly with a debit or credit card
You’re done! Depending on the payout method you chose (how you want the money to be received), it will take more or less time for the money to be received.
One last thing to be aware of is that Azimo, like many money transfer operators, has to verify your identity. Depending on your transfer (origin and amount) you can be required to provide a copy of your ID, a proof of address and a proof of the source of the funds.