Azimo money transfer review & guide

Exchange rates, payment options, step-by-step guide, transfer fees, and all you need to know about .

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Trademark Disclaimer: Azimo* with whom RemitBee Incorporated (“We,” “Us,” “Our”) has no direct or indirect association in marketing, sales or customer service. Indeed, the enclosed contents are provided only for information and comparison purposes. We further state that all third-party products, services, company names and logos remain the property of their respective holders. Use of them here in this article does not imply any affiliation with or endorsement by them.

Everything you need to know

Azimo review

Azimo Money Transfer is one of the many options for sending money online. You may be looking at sending money abroad to family or friends. If so, you’re probably curious as to if Azimo Money Transfer is right for you. You’ll want to know its services, speed, price, and if you get a good exchange rate with Azimo.

First off, what does the company do? Azimo’s main service is a digital option for sending international money transfers. It has a sleek website as well as apps on Android and iOS. Using Azimo you can send money from anywhere.

Transfers can be funded with a local bank transfer or a debit or credit card. Azimo also offers online payment with services like SOFORT in some locations.

Payment Methods Available with Azimo

​Azimo, now part of Papaya Global, offers several payment methods for sending money from Canada

  • Credit Card Transfers
  • Debit Card Transfers
  • Bank Transfers
  • SOFORT
  • iDEAL
  • How long does a transfer usually take with Azimo?

    Azimo offers different transfer speeds depending on the destination country, payment method, and delivery option selected. For certain corridors, particularly when sending money to mobile wallets, transfers are processed instantly.

    Bank transfers usually take between 1 to 3 business days, depending on the recipient's bank and local banking systems. Cash pickup services are often completed within 24 hours, depending on the availability of pickup points.
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    Pros and Cons of using Azimo

    Pros
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    Large network of over 190 countries

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    Many types of payout options for receivers

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    Services is available in 10 different languages

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    Fast speed of the transfers

    Cons

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    Available only for senders in European countries. Not available for Canadian and USA customers.

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    Customer service has been reported to be slow

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    Fees are rarely the cheapest compared to competitors

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    Customers have reported issues with payouts to receivers

    How it works

    How does Azimo make money?

    Azimo, a digital money transfer service founded in 2012, primarily generates revenue by charging fees on international remittance transactions. These fees typically range from 1% to 2% of the transaction amount, depending on factors such as the sending and receiving countries, payment methods, and delivery options .​

    The company also applies a markup to the exchange rate, which contributes to its revenue. This markup varies based on the currency pair involved in the transaction .​

    Azimo exchange rates

    Azimo applies a markup to the exchange rate when sending money from Canada, typically ranging from 0.1% to 2.25%, depending on the currency pair. For example, when converting from Canadian dollars (CAD) to Indian rupees (INR), the exchange rate margin is approximately 1.30%. This means the rate you receive may be slightly less favorable than the mid-market rate. ​
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    Best rates with RemitBee

    RemitBee makes sending money abroad simple, fast, and affordable. With transparent fees and no hidden charges, it offers competitive pricing for international transfers. You can choose from multiple payment methods and benefit from the mid-market exchange rate, which ensures you get the best value for your money.

    Transfers are secure, with top-level encryption protecting your data and funds. Whether you're sending money to family or handling business transactions, RemitBee ensures a smooth, reliable experience every time.

    Safety and security

    Is Azimo money transfer secure?

    Azimo prioritizes the safety and security of its users through a range of robust measures. The platform operates under the oversight of top-tier financial regulatory authorities, including the Financial Conduct Authority (FCA) in the UK, ensuring compliance with strict legal standards. Azimo uses advanced encryption protocols to protect users' personal and financial data during transmission and storage.

    Azimo is PCI DSS compliant, adhering to global standards for secure card payment processing. These comprehensive security measures demonstrate Azimo’s commitment to providing a safe and reliable money transfer service for its users.

    Security features

  • Azimo operates under licenses from top-tier financial authorities in jurisdictions such as the UK and the European Economic Area (EEA), ensuring adherence to stringent regulatory standards. ​
  • The platform employs advanced encryption protocols to safeguard personal and financial information during transmission and storage.
  • Azimo supports 2FA, adding an extra layer of security by requiring users to verify their identity through a second method, such as a code sent to their mobile device.
  • With Azimo you can send money from the following countries

    Azimo allows you to send money to and from over 150 countries. Some of the countries where you can send money include:
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    Frequently asked questions

    Have questions? We have answers!

    How do I do a transfer?
    How long will the money take to get to the receiver?
    Can I cancel a transfer?
    What is the status of my transfer?
    Why hasn’t the receiver got the money yet even though it says “transfer completed”?
    Does Azimo offer any discounts?