Azimo is one of Europe’s leading digital money transfer service. It is based in the UK and Poland. It offers fast and low cost money transfer services to over 40 African countries.
Azimo stopped processing transfers from one person to another on August 31,2022. The company now focuses on salary payments to business customers and will no longer be supporting transfers via Azimo or Azimo Business. This followed its recent acquisition by Papaya Global. All Azimo customers qualify for a special introductory offer from Remitly money transfer service. You can use Remitly to continue sending money to your loved ones and get an extra £10/€10 (or equivalent) discount when you send £100/€100 or more, promotional FX rate and zero fees on your first transfer. Read our Remitly Review.
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Azimo was founded in October 2012 in the United Kingdom by its four co-founders, Michael Kent, Marta Krupinska, Ricky Knox, and Marek Wawro. The company has half a million customers connected to its platform and offers more than 270,000 cash pick-up locations globally. At the moment, the service is not available for US senders.
Together with services such as WorldRemit and Transferwise, Azimo challenges the existing banking system and the more traditional money transfer providers because of its low-cost transfers.
Five Nigerian retail banks and the Central Bank of Nigeriaissued disclaimers against Azimo money transfer service in December 2020, warning members of the public against using their services or do so at their own risk. The Central Bank of Nigeria noted that Azimo is not a licensed money transfer operator in Nigeria.
How to Pay for Azimo Money Transfers
Payments for your transfers can be done via a bank transfer, Azimo website or their Android app or iOS app with debit/credit card payments. Accepted cards are Mastercard, Maestro and Visa. You can pay via SEPA bank transfers. Azimio does not accept cash as a payment method.
Requirements for Sending Money With Azimo
To send money with Azimo you’ll need the following:
- You need internet connection to use the website or download the mobile apps, App Store and Google Play
- The amount of money you want to transfer and which currency you would like to send it in.
- Indicate how the money will be received.
- Details of your recipient, such as their name, address and bank account information.
- How you will pay for the transfer (debit/credit card or bank transfer).
- After sending the money, you can track the transaction progress on Azimo dashboard.
How to Receive Money With Azimo Money Transfer
The recipient can receive funds through their bank account, cash pick up from a local agent, mobile money such as M-Pesa. Additionally, you can buy airtime for your recipient. Documents needed for cash pick up by the recipients include passport, national ID and driver’s licence.
How Much Does It Cost to Send Money With Azimo?
The first two Azimo transfers are fee-free and then after that they can be as low as £1. However, the exact amount depends on factors such as where you are sending money to and from and the payment method (bank transfer or debit/credit card). Azimio will let you know the exchange rates before a transfer is completed so you know the exact amount that the recipient will get. Its exchange rate depends on the payment method you choose.
How Fast is Azimo Money Transfer?
Azimo recipients can receive money instantly. Transferring via bank transfer may take 24 hours up to 3 days. The exact delivery time to a bank account depends on various factors such as bank holidays, time difference, etc. Delivery times are always shown after choosing country and delivery method.
Which Countries Can I Send Money to With Azimo?
These are the countries in Africa where you can send money with Azimo: Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Chad, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Ghana, Guinea, Guinea Bussau, Ivory Coast, Kenya, Lesotho, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Nigeria, Rwanda, Sao Tome & Principe, Senegal, Seychelles, Sierra Leone, South Africa, Tanzania, The Gambia, Togo, Tunisia, Uganda, Western Sahara, Zambia and Zimbabwe.
Five Nigerian retail banks and the Central Bank of Nigeria have issued disclaimers against Azimo money transfer service, warning members of the public against using their services or do so at their own risk. The Central Bank of Nigeria noted that Azimo is not a licensed money transfer operator in Nigeria.
Azimo supports 9 languages. These are English, French, German, Italian, Polish, Portuguese, Romanian, Russian and Spanish.
Is Azimo Safe and Secure?
Azimo is a safe and legitimate money transfer service. It is registered with Her Majesty’s Revenue and Customs (HMRC), regulated by the UK Financial Conduct Authority (FCA) and certified by German TÜV for data protection. It is verified by MasterCard and Visa. Azimo offers will reimburse you the full amount of your payment should your payment be cancelled or refused for any reason.
Azimo Customer Reviews
Azimo has 4.6 star out of 5 on Trustpilot from over 41,000 reviews. 78% are happy with Azimo services while 3% consider Azimo services bad.
Final Thoughts on Azimo Money Transfer to Africa
If you want to send money to the countries listed above, then Azimo is one of your cheapest options. Your first two Azimo transfers are fee-free and then after that they can be as low as £1. Luckily, receiving options include popular choices such as mobile wallets and cash pickup.
Go to Remitly to send money for free