19 October 2017
Register now

Azimo expands to Romania

26 February 2015  |  2250 views  |  0 Source: Azimo

Azimo, the online money transfer service, has expanded its service to Romania. Customers can now send money direct to a personal or business bank account in Romanian lei or send money for Cash Pickup in either US dollars or Euros.

An estimated three million Romanians (about 13% of the country’s population) are estimated to be living abroad. Many have travelled to find work in European countries such as Spain and Italy, although there are also growing communities in the USA, Canada, Hungary, Germany and the UK.

For migrants living away from friends and family, money transfers are an important part of everyday life. Data from Azimo shows that up to 76% of transfers are being sent to support family and loved ones back home. Azimo’s new service allows customers to not only send money straight to a personal bank account, but also to a business bank account to pay bills directly from abroad.

Azimo is using its web and mobile service to help customers save money by reducing the cost of money transfers. Azimo, customers can send money online to over 198 countries, with fees that start from just £1 (including to Romania) and the best-guaranteed exchange rate.

The World Bank estimates that Romanian migrants sent $3.6 billion home in 2013. In future, by using Azimo, people will now be able to save more, meaning more cash for their families and less for foreign corporates.

Michael Kent, CEO of Azimo explains why he started the business: “Azimo is a business founded by migrants for migrants, so we understand the problems that high fees and poor customer service bring. The benefit of the service being online is that it’s super easy, low cost, fast and secure. And all transfers are protected by a 100% Money Back Guarantee.”

With fees costing just £1 to Romania and Mother’s Day just around the corner, there’s never been a better time to send money to your family and friends back home.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.vasco.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15735 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8914 views comments | 16 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7994 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7106 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6247 views comments | 6 tweets | 3 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job