As the currency crisis deepens in Argentina, travellers can now get a whole lot more for their money in the Latin American hotspot, but they could be stretching their cash even further.

Pesos are already hard to come by in the UK, with many high street banks and currency exchanges offering dollars instead. 
 

Some visitors use credit or debit cards to make cash withdrawals or purchases once they arrive at their destination, racking up eye-watering bank and card charges. Others may risk changing pounds, dollars or euros on the country’s grey market.
 

One cost-effective and safe alternative is to use a money transfer service such as Azimo, which currently offers a cash pick-up service in 30+ locations all over Argentina, with over half in Buenos Aires.
 

With some of the best rates on the market, Azimo could get you 50 per cent more currency for your British pound.
 

Using Azimo to send £500 worth of Pesos to Argentina would get you 50 per cent more currency compared to M&S and 53 per cent more than you would get from Debenhams. What’s more, your first transaction with Azimo is completely free.
 

Using a mobile phone, tablet or computer, travellers can transfer money from their bank account to a convenient pick-up location in their destination.
 

Azimo is the cheapest and easiest way to send money to over 190 countries worldwide, and the first to offer the facility via Facebook.
 

 “Our cash pick up service is a great way to exchange foreign currency; everyone travels with a smartphone or tablet these days, and once you’re set up on the Azimo website, you can move money at the touch of a button, meaning you don’t need to worry about how much cash to take and whether there is anywhere left on earth that exchanges travellers cheques,” said Michael Kent, founder and CEO of Azimo.
 

“We’ll be expanding the number of destinations that offer cash pick up over the coming months, so there will be more options for travellers who are sick and tired of being ripped off by extortionate bank charges and poor exchange rates in the UK,” continued Kent.
 

-ENDS-
 

Notes to Editors

Comparison table for exchange of £500 on 28 January 2014
 

About Azimo

Azimo is a refreshing UK-based start-up which is changing the way people transfer money. Honest, transparent and social, it’s the cheapest and easiest way to send money to 195 countries across the world, from your smartphone, tablet or desktop and even through Facebook.

Azimo is challenging the big boys of the money transfer market; with rates up to 85 per cent cheaper and a hard-working team who believe in providing the best customer service, Azimo has created a better way to send money between countries.

Committed to ethical trading, by lowering the cost of transferring cash overseas Azimo is having an impact on some of the poorest parts of the world. In addition, the online transfer service has committed to donating ten per cent of its profits to charities which work to support the poorest in society.

Founded by Michael Kent in 2012, Azimo is regulated by the FCA and registered with HM Revenue and Customs. The company is backed by $1.3m in funding.

For more information or to transfer money, go to www.azimo.com

www.facebook.com/azimomoney

@azimomoney

Press Contact

Rooster PR

Email: TeamAzimo@Rooster.co.uk

Phone: +44 (0) 20 3440 8930