Azimo takes on business payments
Azimo, the digital money transfer service, is launching Azimo Business on 19 October, to allow UK and European SME owners to pay for goods, salaries and investments – reaching 189 countries and territories.
The company says that its pricing will undercut most banks “by at least 75%”. The service is aimed at entrepreneurs who are sick of high fees and unreliable technology from high street providers.
Michael Kent, Azimo’s CEO, says: “In 2018 it’s unacceptable for business owners to have to fiddle around on an unusable banking website to make overseas payments that take days to arrive, and then to be overcharged for the privilege.”
Azimo Business has been in beta testing since June.
“We’ve had lots of fantastic feedback from customers,” says Kent. “We’ve added more countries than we originally planned, we’ve lowered our fees, and we’ve made it much easier to register and get started.”
According to Azimo, payments to China and Hong Kong have taken off particularly quickly, as more and more businesses choose suppliers there.
Available via desktop browsers and also on iOS and Android apps, Dan Martins, Azimo’s chief product officer, says that business payments need to keep up in terms of mobile customer service.
“Business owners are deeply frustrated by their banking apps. The modern entrepreneur isn’t in front of their laptop most of the time. They like to be able to send money in seconds, from the palm of their hand.”
