TITLE: Cross-Border and Domestic payment innovative app
CATEGORY: End User Experience
NAME: Michael | Kent
COUNTRY: N1 1RG
APPLICANT TYPE: Company
Global remittance company Azimo was created to disrupt an industry dominated by legacy players, challenge high-transfer costs and drastically speed-up the way consumers send money.
Azimo can be used via desktop, mobile and social channels and it was the first money transfer service to integrate with Facebook and Siri. Azimo is one of the cheapest providers- charging on average 2% instead of the 9.5% industry standard, offers the largest digital network so money can truly be sent anywhere and has the biggest range of collection options including bank transfer, cash pick up and mobile top up.
Azimo has just launched a brand-new feature on their app which is truly an industry first on this scale, revolutionising how people send and share money across the globe.
Now money can be sent to a telephone number, eradicating the number one frustration with sending money- the need to know lengthy bank account details, IBAN codes and Bank Routing numbers.
Just pick a beneficiary from your phone book contacts, enter the amount and ‘send’. They’ll get an SMS with a link to download the Azimo app and claim the money.
No queues, no forms, no annoying details to input, no hassle!
And when they’ve registered their bank details, that’s it – next time the money will go straight into their bank account.
Our new service isn’t just for cross-border payments – it works for domestic payments too. Plus, for the first time ever, beneficiaries are empowered to make requests for money.
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 stability and real-time visibility, to help people manage their finances in a way that suits them.
It’s really important that remittances companies continue to innovate to provide the very best service to today’s digitally focused and time-poor consumers. This new feature is a world first, and for a start-up in a world of legacy players to be fundamentally changing the way people share and send money, is truly something that should be celebrated. Just try it!
SOLUTION IS LIVE? Yes