London-based digital money transfer specialist, Azimo, has launched services in Denmark and Sweden, increasing the countries it serves to 22.
Through a strategic partnership with European online payments service provider Trustly, hard-working migrants can now send Danish Krone (DKK) and Swedish Krona (SEK) from their mobile or desktops to family and friends in over 190 countries worldwide.
Bills and coins represent only 2 per cent of Sweden’s currency, and Denmark has a goal to “eradicate cash” by 2030. Despite this high level of digital adoption, the 2 million economic migrants living in Denmark and Sweden have traditionally had to send money home from high cost, high street operators.
According to the World Bank, they are sending upwards of $4 billion dollars in remittance abroad every year. With the launch of Azimo they now have a better alternative.
In addition to bank transfers, Azimo enables its customers to transfer money to mobile wallets, mobile air time top-up and for cash pick-up and home delivery in over 70 currencies. The company plans to continue expanding its footprint across Europe by rolling out its service to additional European countries before the end of the year.
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