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Global Money Transfer Service Azimo and Payments Fintech dLocal to Facilitate Remittances from Europe, Australia to Colombia
Global money transfer service
Azimo has teamed up with payments focused Fintech firm
dLocal in order to allow migrant workers based in Europe and Australia to send funds to almost any bank in Colombia, which reportedly includes Banco de Bogota, Banco de Occidente, and Davivienda.
The new remittance service aims to offer a faster and more seamless user experience for Azimo’s clients, with fewer forms or documents to fill out. The funds transfer process is now a lot simpler, the companies claim. For instance, money transfers initiated by 1 pm GMT should arrive in the recipient’s bank account on the same business day.
MexicoGermanyAustraliaColombiaSpainFranceVenezuelaAustralianVenezuelansMeirav-adiLatin-america-latamDora-ziambraAzimo to work alongside dLocal for payments service
Founder & CEO Daniel is Founder and CEO of FXcompared and FXC Intelligence and has 18 years of experience in the international finance world focusing on cross-border payments, technology and the property sectors.… Read more
Azimo, which is one of the most famous names in the online money transfer industry, will work with dLocal to assist those looking to send money home to South American countries such as Colombia.
Levels of bureaucracy associated with the sending of money are expected to go down as a result of the move, and transactions are expected to be sped up.
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Azimo and dLocal partner on Colombian remittances 10 December 2020
Source: Azimo Azimo, Europe’s leading digital money transfer service, today announced its partnership with dLocal, the leading cross-border payments platform for emerging markets, to allow migrants in Europe and Australia to transfer money to nearly any bank in Colombia, including Davivienda, Banco de Bogota and Banco de Occidente.
The new service provides a faster, easier user experience for Azimo customers, with fewer forms to fill in and a simpler transfer process. For example, transfers submitted by 1pm GMT will arrive in the recipient’s bank account on the same day.
MexicoGermanyAustraliaUnited-statesColombiaFranceSpainVenezuelaAmericaVenezuelansAmericanMeirav-adi