News
Azimo selects WorldPay to support global expansion
October 2013 by Marc Jacob
WorldPay and Azimo, a mobile and internet based money transfer business, have today announced an agreement which will see WorldPay manage inbound payment processing for Azimo.
Based in the UK, Azimo serves customers from all over the world providing the capabilities for consumers to send money to banks, cash pay-out locations, home delivery and mobile wallets in 190+ countries. Consumers are able to pay for Azimo money transfers using funds from their UK bank account, a debit card or by depositing cash with one of the company’s banking partners. The service is socially enabled so that users can integrate with their Facebook contacts and send transfers to them directly. Azimo recently announced it had secured a $1,000,000+ Seed investment and is set to use the funding to expand its European operations.
WorldPay was selected to provide global acquiring services in addition to alternative payment acceptance functionality as Azimo looks to expand outside of the UK. Moving forward, WorldPay will enable Azimo to accept a wide range of alternative payment types, aiding its expansion by using WorldPay’s extensive payment offering. WorldPay provides over 200+ alternative payment types globally and is connected to more than 50 local currency clearing systems, which will allow Azimo’s customers to use their preferred payment method when funding money transfers online.
[1] http://www.ft.com/cms/s/0/228c78c2-721a-11e2-896a-00144feab49a.html#axzz2YZ2yQ6S5
