How to set up a money transfer business online? We asked this question to one of the UK’s fastest growing startups called Azimo and we were surprised to learn how easy it is for individuals and businesses to set up one. Companies all around the world send money to different countries. These payments are made for countless reasons including payment for suppliers, remote workers, taxes, real estate purchases, and so much more.
Almost a decade ago, we only had a few online payment platforms and still, a large number of people were relying on their banks. The problem with traditional money transfer solutions was the slow process. That said, sending money abroad through a bank is also a costly affair. Banks put a lot of charges and fees on international transactions and eventually turn the hopes down.
Fortunately, companies like Azimo are here to save businesses by providing fast transactions at lowest charges possible. Let’s say you’re managing a business where you have to pay your foreign suppliers and vendors for goods or services. Choosing traditional payment options could lead to further delay and maybe worse. We can’t even expect accountability from banks for such mishaps.
Online solutions help businesses send money online with ease. All you have to do is to register on the platform, fill the recipient’s details and transfer the money online through credit card, debit card or wire transfer. It not only saves time, but it also saves you up to 90% on transaction charges. So, now when online solutions are available for everyone including individuals and businesses, starting your money transfer business has become easier than ever.
Azimo is a leader in online payment service providers in the UK. It started with a goal to provide faster and safer money transfer facilities to customers around the world. The company now covers more than 200 countries and territories worldwide. The award-winning team made it possible by utilizing advanced technology and now its online payment platform is available on mobile phones and PCs.
In March 2018, more than 1 million people got connected to it and this all has happened in just 5 years. Independent media outlets have praised Azimo for their solutions. CNN calls it “the future of money transfer”, while the Guardian has listed Azimo among the top 10 money-saving apps.
For businesses, Azimo offers a dedicated solution called Azimo Business. To pay for goods and services, overseas investments, and contractors, there is one simple solution that lets you see how much money the recipient will get after all the charges, which are up to 90% lower than what banks charge.
That said, the platform doesn’t put any unusual restrictions on the amount sent or received. Banks often do this and they often require a lot of documents to process payments. One of the best things about the platform is that in certain locations, the delivery can be made within 24 hours. If you’re planning to start a money transfer business, an online platform like Azimo is the solution you can consider for business as it is one of the UK’s fastest growing companies.