Azimo launches new low-cost money transfer service to Vietnam

FINAL

Press Release
April 2014

Online social money transfer service Azimo launches low-cost, easy, fast and safe services to Vietnam

Azimo offers customers the best way to send money online to Vietnam and 198 countries around the world at low fees and with a competitive exchange rate in VND, EUR and USD. The latest service to Vietnam enables customers to send money direct to a bank account or for cash pick-up at one of over 800 locations across the country.

Azimo’s online service, means that savings in the cost of agents and infrastructure can be passed on direct to customers who access the service via a computer or smartphone connected to the Internet

On the 14th April 2014, the fee for sending the amount of £100 GBP to Vietnam was just £5, with an exchange rate of 34,596.11 VND. World Bank data shows that all the costs associated with an international money transfer adds up to an average of almost 9% of the amount sent, whereas the average cost charged by Azimo is less than 2%.

What needs to be done in order to send money with Azimo? You will need to register at https://azimo.com/en/send-money-to-vietnam.html using your email address or via your Facebook profile, provide your details and those of the recipient in Vietnam. The transaction needs to be paid using a debit card, credit card or online transfer. Your first Azimo transfer is also always free – so try us out!

The recipient can receive transfer in local currency VND, EUR and USD. The current exchange rate and all additional information can be found on www.azimo.com or give us a call on 0203 137 0708 where you will be able to talk to one of our customer support team.

-ENDS-

Notes to editors:

For further press information, please contact:
James Brooke / Helen Batte / Jasmin Othman / Tim Thackray
T: +44 (0)20 3440 8930
E: TeamAzimo@rooster.co.uk

About Azimo
Launched in 2012, Azimo is a UK-based online social money transfer service which is changing the way people send money around the world. Honest, transparent and social, Azimo is the cheapest and easiest way to send money to 198 countries across the world, from your smartphone, tablet or desktop and even through Facebook.

Azimo is challenging the big boys of the money transfer market; with rates up to 85 per cent cheaper and a hard-working team who believe in providing the best customer service, Azimo has created a better way to send money between countries.

Committed to ethical trading, by lowering the cost of transferring cash overseas, Azimo is having a real impact on some of the poorest parts of the world. In addition, the online transfer service has committed to donating up to 10% of its profits to charities that work to support the poorest in society.

Founded by CEO Michael Kent and Marek Wawro, the company is backed by a US$10 million Series A funding round led by Greycroft Partners and including Accion’s Frontier Investments Group, eVentures, TA Ventures, RI Digital Ventures and KRW Schindler Investments.

Azimo is a financial technology company authorised as a Payments Institution by the UK Financial Conduct Authority and registered as a Money Transfer Business with HM Revenue and Customs.

For more information or to transfer money, go to www.azimo.com
Facebook: www.facebook.com/azimomoney
Twitter: @azimomoney