Azimo relaunches service to the Philippines

Azimo relaunches service to the Philippines


Azimo, the digital money transfer service from MCI.TechVentures portfolio, today announced a complete overhaul of money transfer services to the Philippines, with a lightning fast instant service via bank transfer.

BDO Remit, the remittance service of the Philippines’ largest bank BDO Unibank, handles all Azimo transfers to the country.  This new service now enables Azimo’s vast user-base to have immediate access to money sent.
Along with instant bank transfers, Azimo enables Cash Pick-up through more than 8,000 BDO Remit Cash Pick-up locations in the Philippines, including SM locations, M. Lhuillier and Cebuana Lhuilier outlets and other rural bank, and pawnshop partners.
Azimo was established in 2012 and currently offers online money transfers to over 200 countries in 77 currencies, reaching over 5 billion people. MCI.TechVentures fund invested in Azimo in 2015, participating in 20-million-USD worth round of financing.

Funds associated with MCI have strong exposition on FinTech industry, with stakes in such companies as iZettle, MarketInvoice and Dotpay / eCard.