Advances in technology have changed the way people transfer funds overseas, and there is an increasing number of people who turn to either WorldRemit or Azimo. Both companies specialize in transferring funds overseas, enabling them to provide better deals in comparison to the big banks.
In terms of the services these companies provide, both rate well. Trustpilot, a website where you can find reviews of prominent online businesses, gives you some indication of the Azimo vs. WorldRemit comparison. While Azimo gets an average score of 9.0 out of 10, WorldRemit scores a 9.6 out of 10. However, in my opinion these scores do not necessarily indicate a clear winner.
Whether you should use Azimo or WorldRemit requires that you look into different factors. I have divided this comparison in multiple categories to simplify your decision making process:
- Exchange Rates
- Ease of Use
- Regular Overseas Payments
Overseas Fund Transfer Fees
Relying solely on this aspect of the comparison to arrive at a decision is not the way to go. The exchange rate has an equally important role to play in the amount the recipient receives. With both companies, you do not have to worry about paying any hidden fees.
- Use the WorldRemit calculator to find out how much your transfer will cost, without registering as a customer.
- The fees you will pay depend on the transfer method and the destination country. For example, a bank transfer from the UK to India is lower in price than a bank transfer from the UK to Indonesia.
- Both the destination country and transfer method can have an effect on the fees Azimo charges. For instance, transfers via SWIFT tend to cost more than electronic bank transfers.
- The company informs you of the fee you have to pay ahead of time.
Ease of Use
The language you want to use can have a bearing on whether you should use Azimo or WorldRemit. Registering with both websites requires that you follow a simple online process. Once the company you register with verifies your details, you can begin using its services to transfer funds.
- WorldRemit provides access to its website in English, Spanish, and French.
- You can pay via a debit or credit card.
- WorldRemit accepts payments via electronic bank transfers.
- Other country-specific payment options include Interac, POLi, iDeal, and SOFORT.
- Transfer methods include bank account deposits, transfers to cash pickup centers, as well as topping off mobile airtime and mobile wallets.
- In Indonesia, WorldRemit provides home delivery of transferred funds.
- You can use WorldRemit apps with iOS and Android devices.
- Access to the Azimo website is provided in English, French, Spanish, Italian, Russian, Portuguese, Dutch, Romanian, Polish, and Turkish.
- You can simplify the registration process by using a Facebook account.
- Payment options include debit cards, credit cards, and electronic bank transfers.
- Other payment options, depending on the country of origin, include Trustly, Sofort Überweisung, and iDEAL.
- Transfer methods include electronic bank transfers, SWIFT transfers, and transfers to cash pick up centers.
- You can top off prepaid mobile phones in some countries.
- Azimo provides apps for iOS and Android.
Regular Overseas Payments
Setting up regular transfers is not possible if you use Azimo or WorldRemit, since neither company offers this functionality yet.
If you wish to set up regularly-scheduled transfers, consider using the services of Currencies Direct, CurrencyFair, OFX, or TorFX.
- Compare TransferWise and OFX side by side.
- Watch a TransferWise YouTube video on how to apply your exclusive discount.
- Read more with the TransferWise Review
- Learn how to apply the TransferWise Coupon.