Azimo gives back control to often-forgotten recipients, using just a phone number.
Azimo’s new app feature creates a fundamental change in the global remittances market. Customers across Poland, the US and Canada will now be empowered to make requests for money from anywhere across the UK and Eurozone and receive it instantly, simply using their mobile phone number.
Remittances through traditional providers are a one-way process, with beneficiaries having little or no control over how they receive their money. With an average of 60% of remittances going towards family support, Azimo understands the importance of giving a little stability and real-time visibility, to help people manage their finances in a way that suits them.
This comes as Azimo launches a wider app functionality across Eurozone countries. Azimo users across Europe need only choose one of their phone contacts to send them money. Their recipient will then receive an SMS with a link to download the Azimo app and claim the money, which goes straight into their bank account. This innovative, one tap technology brings cross-border transfers bang up to date, with the fastest, simplest process yet.
“By 2021 there’ll be 6.3 billion smartphones globally, so online and mobile is absolutely the future -The days of calling family members at international tariffs are over. For us, it was an obvious choice to launch an app for senders and recipients to send and request money directly through the app’, Said Azimo Founder and CEO Michael Kent.
The complete offering, enabling users to send, request and receive transfers to a mobile number, will roll out to the majority of Azimo’s extensive network throughout the year.
With a business servicing over 190 countries across the globe, Azimo has the largest digital money transfer network in the world, and, is continuing to grow. The launch of these new features today, put the company at the forefront of innovation with mobile-first payments.
Existing Azimo app users will see the new functionality as part of the latest update. New users can download the app on the App Store or Google Play. To celebrate the launch, all international money transfers carried out via the new feature are completely free of transactional fees.