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Remittance companies team to launch mobile wallet services

Azimo customers in 20 European countries are now be able to send funds to mobile money accounts in Armenia, Burkina Faso, Fiji, Ghana, Indonesia, Kenya, Nepal, Nigeria, the Philippines and Somaliland.

HomeSend and Azimo this week announced the launch of new mobile wallet services in 10 countries in Africa and Asia-Pacific. Azimo customers in 20 European countries are now able to send funds to mobile money accounts in Armenia, Burkina Faso, Fiji, Ghana, Indonesia, Kenya, Nepal, Nigeria, the Philippines and Somaliland, according to a press release. 

HomeSend bridges the gap between various entities globally — such as financial institutions, nonfinancial entities and mobile network operators — according to the announcement. Through HomeSend, Azimo customers will be able to send money directly, and in real-time, to a recipient's mobile money account linked to their mobile number rather than having to send funds via an over-the-counter agent or directly to a bank account.

"We've seen an increased desire for people to be able to safely send funds via mobile money accounts," Stephen Doyle, HomeSend CEO, said in a statement. "This form of money transfer has gained particular popularity due to its convenience, security, competitive pricing and near-instant delivery times."

"Azimo is focused on being the universal digital platform for remittances. With cash payout, direct to bank account, mobile top-up and even home delivery money services in over 200 countries, we already have the most comprehensive network of any digital player," Michael Kent, founder and CEO of Azimo, said in a statement. "This tie up with HomeSend to offer more mobile wallet services is a major step on our journey."