Azimo Online Money Transfer

New online money transfer service based in UK.


Link to external site : Website for Azimo Online Money Transfer
Azimo Online Money Transfer
Brand
Launched in
Status
Launch
Importance
Traction
Low but Growing
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Evaluation
Account Type
Business Model
They claim they can afford to be cheaper as they have smaller overheads than the bigger players and that transferring money with Azimo will always be cheaper than a high street bank or money transfer company as they offer a more direct service with fewer middlemen. Their charge is between 1 and 2%, depending on the transaction.
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Class
Send Services Receive

Mobile


Web


Card

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IMT
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Card


Mobile


Web

Model
non-bank based
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Who Leads?
third party led
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Reach
Active Users
Registered Users
Potential Mobile Market (m)
Regulations
Persona
Purpose
Active Services
Card Type
ServicesDescription
You can make transactions with Azimo wherever is convenient for you, either from home, from an Internet cafe or on the go via you mobile – wherever you have an Internet connection.
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Channels
Payment Instruments
Cash I/O Description
Cash I/O No Of Locations
Handsets
App for Android available and iPhone expected shortly
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Technologies
Interoperability
No need for bank account.
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RegistrationProcess
A minimum transfer of £50 Sterling applies. Users can send up to £900 without an ID verification, but any amount over £900 and both the sender and the recipient must submit additional ID documents on the website.
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Main Segment Migrants
Segment Description

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