Azimo Review

Azimo is a money transfer company that operates in over 190 countries around the world. The company is known as a safe and reliable alternative to traditional money transfer services.

Intuitive platforms that provide a simple way to send money abroad are what Azimo can offer you. In fact, simplicity is easily Azimo’s strongest point. You can use Azimo to send money to the vast majority of countries on their great website or their nice but simple iOS or Android app.

When it comes to cost, Azimo lags behind similar companies. While their fees are not the highest you’ll find, they are far from being the best. Fortunately, Azimo makes up for this with their diverse range of money transfer options and their easy-to-use interfaces.

    Date Founded:
    2012
    Provider Type:
    MTO
    HQ Location:
    London, UK
    Regulators:
    FCA
    Mobile Friendly:
    Yes
    Mobile App:
    Yes
    Languages Available:
    English, French, German, Portuguese, Polish, Italian
    Transfer Options:
    Online
    Withdrawal Options:
    Bank
    Payment Options:
    Debit Card, Credit Card, Bank Transfer
    Regular Payments:
    No
    Supported Currencies:
    AED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTN, BWP, BYR, BZD, CAD, CDF, CHF, CLF, CNY, COP, CRC, CUC, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, FKP, GBP, GEL, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, IQD, IRR, ISK, JMD, JOD, JPY, KES, KGS, KHR, KMF, KPW, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, LYD, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SHP, SLL, SOS, SRD, SSP, STN, SVC, SYP, SZL, THB, TJS, TMT, TND, TOP, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XCD, XOF, XPF, YER, ZAR, ZMK
    Support Options:
    Telephone

    What are their exchange rates?

    Azimo’s fees vary depending on the currency you send and the country that you’re sending money to. Azimo is rarely the best option available when it comes to cost, but their rates are not too bad, either. Azimo’s exchange rates are locked in advance, so you always know exactly how much money the recipient will get.

    Azimo charges both an upfront fee and a markup on exchange rates. The cheapest deals become available when you use online transfers and pay from your bank account. When it comes to cash pickups, Azimo’s rates are still remarkably low compared to cash pickup leaders like MoneyGram and Western Union.

    Lastly, Azimo charges you $2.99 if you choose to pay them with a credit card.

    What Azimo costs to use?

    Again, Azimo’s rates change based on the currency you use to send the money and the recipient’s location. They charge a stated fee for using their service alongside a hidden markup of the currency exchange rate. Let’s use the example of sending money from Spain (EUR) to Bangladesh (BDT) as an example.

    Money Sent (EUR) Money Received (BDT) Midmarket Rate
    500 47,333 47,896
    1000 94,667 95,793
    2000 189,334 191,586

    *These rates are only applicable at the time of writing and are subject to change at any time.

    How do I transfer money with them?

    Sending money with Azimo is easier than average. Even when it comes to setting up cash pickups, Azimo shines when it comes to ease of use.

    The first thing you need to do to transfer money with Azimo is to set up your account on their website. Once your account is set up and linked to a bank account, you’ll be ready to start sending money.

    You can send money to your recipient’s bank account or their mobile money account. Alternatively, you could arrange a cash pickup at one of over 300,000 cash pickup locations. Other options include home deliveries and mobile top-ups. All these methods can be used easily from the Azimo website.

    After you’ve sent the money, Azimo provides push notifications to let you know what’s going on with your money.

    What other products do they offer?

    Azimo is a platform that transfers money internationally. They offer several options for doing so, but their services are straightforward and simple.

    When it comes to sending money internationally, Azimo allows you to use one of their three main platforms. These platforms are their website, their Android app, and their iOS app.