Money transfer services firm Azimo has launched an enhanced service for transfers to China, enabling delivery to Chinese bank accounts and halves the sending costs.

Customers of Azimo will now be able to send money from 24 countries in Europe to individual bank accounts in China, delivered in local currency. The expansion follows Azimo’s recent launch of fast weekend transfers to a number of countries including Nigeria, the Philippines, Bangladesh and Colombia.

Michael Kent, CEO of Azimo, commented: “Two million Chinese citizens currently live in Europe, transferring £80 million home each week. For those living away from family and friends, being able to send money home is hugely important. Our customers have used Azimo to send millions of dollars to China already. Now their transfers will arrive directly into their recipients’ bank accounts in local currency, without wasting their money on expensive fees.

“Azimo already helps people send money to more than 190 countries – and this improved service to China enables our customers to pay directly into bank accounts in local currency in this critical market.”

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