You can now send money to China instantly with Azimo, the global money transfer service, after they announced a partnership with Alipay, China’s leading payments platform.
In a bid to wave complicated forms goodbye, Azimo users will only need their recipient’s Alipay ID to make an instant transfer in Yuan. The money will be delivered directly to the Chinese bank account linked to the recipient’s Alipay ID.
“In 2020, sending money abroad should be as easy as sending someone a photo. Partnering with Alipay has allowed us to offer our customers an instant, seamless user experience when they send money to China,” said Richard Ambrose, Azimo’s CEO.
“In a world where Amazon can deliver a parcel on the same day that it is ordered, we believe that instant transfers should be the standard user experience for remittances. With instant or one-hour transfers available to over 80 countries, Azimo is making that experience a reality for over a million customers in the last year alone,” he added.
Azimo, one of the few European fintech companies to reach profitability, continues to expand its global reach. It is now possible to send money to more than 200 countries and territories with Azimo from more than 25 countries across Europe. The service is expected to launch in Hong Kong later this year.
“We look forward to working closely with Alipay for global remittances, as we continue to explore new ways to apply our technology in order to benefit more people globally,” said Dora Ziambra, Azimo’s Chief Operating Officer.
“We are committed to working with partners such as Alipay, using innovative technologies to help global consumers gain access to inclusive financial services, creating greater value for society and bringing equal opportunities to the world.”
Azimo expects the collaboration to especially benefit users around the world, particularly in Asia, where it has a foothold in the remittance market through local partners.