Good news for millions of Romanians and Moldovans living all across Europe
Azimo, a UK-based online international money transfer service, has introduced its 30-minute cash pick-up service to 596 locations in Romania and Moldova.
Now over 3 million of Romanians and Moldovans living all across Europe are free to send their funds in both Romanian Leu and Euros through any internet-connected device, all at a fraction of the cost compared to offline services.
The locations comprise BCR, Idea Bank, and Smith & Smith branches in Romania, and Victoriabank branches in Moldova.
“There are about 1 million remittance transactions sent to Romania every month, so it is a vital lifeline for families, especially during this time of economic instability. Unfortunately, Romanians are still being over-charged to send and receive funds, whether it is via bank transfer or via a traditional offline money transfer service. Through our digital mobile platform, we are fixing that and are ensuring that more of Romanian and Moldovan migrants’ hard-earned money makes it home,” says Michael Kent, the founder and CEO of Azimo.
Azimo provides online and smartphone-based money transfers to more than 190 countries in over 70 currencies.The money can be transferred to any bank account in either local currency or EUR / USD and to top-up any Vodafone, Orange, Telekom Romania and Moldcell mobile phone.
What is more, Azimo says it intends to expand its footprint to additional Eastern European countries by the end of 2015.
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