Fund Managers

London firm introduces zero fee money transfers to Nigeria

by Hope Moses-Ashike

November 25, 2015 | 11:20 am
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cashless3Azimo, the digital money transfer service based in London, has introduced direct payment to any bank account in Nigeria with the service free for the next three months. With unmatched rates on the market, the service is also among the fastest, with funds being received in less than two hours.

For Nigerians living abroad, Azimo is also able to deliver funds for cash-pick to 190 Skye Bank branches, for mobile airtime top-up (Airtel, Etisalat, MTN, Globacom) and eTranzact mobile wallets. All this is available on iOS and Android apps, as well as at www.azimo.com, where registration and set up of a transfer takes seconds and customers are able to conveniently track their payments and notify their families of incoming funds.

Over $20 billion in remittances are sent to Nigeria every year, contributing almost 5 percent of the country’s GDP, an essential external source of income for the nation and its citizens.

According to Azimo data, Nigerians are some of the most regular money senders, averaging over 10 transfers per year with the top reasons to send being family support, funding education and birthday and Christmas gifts.

“The huge Nigerian community in Europe have some of the strongest ties to their home country,” said Michael Kent, CEO/founder, Azimo.

“We’re now able to offer a service, where more of our customers’ money is reaching their loved ones faster and at the best rates on the market. Whichever way our Nigerian customers want to send money, be it a bank transfer, cash pickup, mobile airtime or wallet, they can now do it directly from their mobile phone using Azimo.

“With Christmas around the corner, we are very happy to say that the service will be free for the next three months, which should help that hard-earned cash go further back home this year. We encourage as many people as possible to try it our and let us know what they think,” he said.

Azimo provides a fast, secure and low-cost alternative to legacy high street remittance services. As a leader in digital and mobile money transfers, the company has built the most comprehensive network of any online player, sending money to over 190 countries in 70+ different currencies.


by Hope Moses-Ashike

November 25, 2015 | 11:20 am
  |     |     |   Start Conversation

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