Azimo is offering a new international money transfer service with cheaper prices than high street banks and large competitors by cutting out middlemen. It provides an easy way to transfer funds to friends and family all over the world from your mobile phone or the Internet. As an added feature, Azimo is the first money transfer service to integrate social networks into the process to speed up transactions. It allows you to select friends from Facebook and make payments to them directly, other social media integration are in development.

Azimo sends money to 125 countries worldwide. It can be sent several different ways – for cash collection at over 150,000 global locations, direct to bank accounts or to mobiles, even to top up a mobile phone.

As an ethical company, 10% of Azimo's profits go directly to charity and customers are invited to donate a percentage of their savings to charities and good causes. Azimo claim that for a transfer of £300, you can save up to £30, compared to competitors*.

From international professionals, to migrant workers and expats, the service is aimed at all British and foreign nationals living in the UK or overseas, wanting to make money  transfers overseas. No bank account is required, just an Internet connection.

The service is available 24 hours a day, seven days a week and is easy and safe to set up. A minimum transfer of £50 Sterling applies. Users can send up to £900 without an ID verification, but any amount over £900 and both the sender, and the recipient must submit additional ID documents on the website. An app has also been developed with the Android version live today and the iPhone version available in coming weeks. 

* Figures correct as of 27 June 2012.