Azimo to offer fee-free remittances to migrant workers

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UK-based global money transfer service Azimo announced today that it is offering free remittances to migrant workers following the United Nations’ call for a “zero-fee” remittance day. Azimo stated that it would provide a fee-free transfer to all customers on June 16th, which is the UN’s International Day of Family Remittances.

Richard Ambrose, Azimo’s CEO, said, “Migrant workers are some of the most entrepreneurial and hard-working people in the world, their contribution to the global economy in both the public and private sector is vast and underappreciated. It is difficult to imagine British society without migrant workers. Nearly 30% of the doctors and 20% of the nurses in the NHS are foreign-born. These people have been risking their lives on the front line of the COVID-19 crisis, often while supporting family members in their home country.”

“The food production and retail industries that have kept the country functioning during lockdown also could not operate without migrant labour. We’re pleased to offer fee-free transfers on June 16th to anybody who needs to send money to their loved ones.”

Recently, Azimo announced a partnership with Siam Commercial bank (SCB), a universal bank in Thailand. Azimo entered into a €20 million debt agreement with the European Investment Bank (EIB) in a bid to accelerate the company’ R&D and facilitate in the scaling up of its payments platform.

Antonio Guterres, Secretary-General of the United Nations, said, “Family remittances have a direct impact on the lives of one billion people – one out of seven individuals on Earth. Added together, remittances are three times greater than Official Development Assistance and surpass Foreign Direct Investment.”