Azimo is a network transfer service system, and today it announces that European customers can transfer money to people in Bourkina-faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal and Togo, which are in the West African financial community Franc system.
Michael Kent, chief executive of Azimo, said: "The 8 countries are linked with a population of more than 100 million people and a gross domestic product of 80 billion dollars." ”
The World Bank estimates that nearly 3 billion dollars were remitted to the region in 2012, and as more African migrants migrate to European countries, including France, Belgium, the UK and the Netherlands, the new Azimo service will mean more money to return to their homes in West Africa and to be mastered by their families and their communities.
Azimo's online services provide a faster, safer, and less costly way not only for bank accounts, but also for cash withdrawals from thousands of locations across the region. Azimo's annual interest rate rose to 85%, far below the commercial street banks and traditional transfer service providers. In addition, Azimo also provides a special exchange rate, 1 pounds equals 846.02, 1 euros equals 655.95.
The service is available in the UK and in the euro area, including France, Ireland and Germany. The funds will be transferred directly to the bank account within 24 hours, and cash can be withdrawn immediately from all locations throughout the region.
Registering with Azimo is free, and it only takes a few seconds to use your email address or Facebook profile, which can be done via your mobile phone or personal computer.
Kent believes it is important to provide a convenient and value-for-money service for those hard working migrants, "we are in the currency business, and we are also in the business." We create Azimo to help those hard working immigrants who are often easily ripped off by services like Western Union remittances. ”
In addition to Azimo standard Low-cost services, customers can use promotional code AZIMOCFA to get their first free money transfer service.