For the millions of Romanians and Moldovans living all across Europe, Azimo has just introduced a 30-minute cash pick-up service to 596 locations. This includes Idea Bank, BCR and Smith & Smith branches in Romania, and Victoriabank branches in Moldova.
The beauty of this services is that now, more than 3 million Romanians and Moldovans are able send funds in both Romanian Leu and Euros through any internet-connected device, all at a fraction of the cost compared to offline services.
Every new market we enter, we’re determined to make sure our customers are getting the best possible rates and fast service delivered in a way the recipients need most. Family support continues to be the number one reason our customers send money home and for Romanians and Moldovans it’s no different.
Our CEO and Founder, Michael Kent, puts it best:
“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.”
We’ve built a network that already serves families, friends and businesses in over 190 countries around the world. We’re constantly expanding our network, so stay tuned as we roll-out more services across Eastern Europe this year.