IAMTN recognizes Ria Money Transfer and Azimo as top Money Transfer companies during 10th GMTS at London’s Technology Accelerator

London, UK. The International Association of Money Transfer Networks (IAMTN) having held the 10th Annual Global Money Transfer Summit on September 14-15, have recognized two remittance industry leaders as the best in their categories at an award ceremony held in London. The companies were awarded on the basis of superior innovation and strong business sustainability, and selected from a pool of more than 100 organizations. 

The two-day event, which attracted a range of payments industry professionals, was held at Level39 in Canary Wharf – a well-recognized Fintech hub and technology accelerator – for the second consecutive year. 

Ria Money Transfer received the Money Transfer Award in the Traditional Model category, while online money transfer company Azimo received the Money Transfer Award in the Digital Model category. The awards were accepted by Ria’s MD for EMEA & South Asia, Sebastian Plubins, and Azimo’s CEO and Founder, Michael Kent, respectively.

IAMTN’s Chairman Mohit Davar said: “Digital money transfer companies like Azimo are rapidly disrupting our multi-billion dollar industry. Azimo was a clear winner in its category as in three short years, it’s built a truly global network and scaled exponentially. With its founding team’s expertise, Azimo will only continue to scale at a rapid pace.”

Co-Founder and CEO of IAMTN, Veronica Studsgaard, commented: “It is a pleasure to offer Ria the recognition they deserve in the Traditional sector. Ria have a proven track record of gaining considerable market share while remaining focused on their core values of putting customers first. Sebastian Plubins’ acceptance speech, calling attention to the support that our industry provides to individuals and families worldwide, was a wonderful example of that perspective.”

Azimo’s CEO and Founder Michael Kent, added: “We’re in an industry that is making a huge impact on the world by bridging the gap between migrants and their families. Up against a field of global players, being selected for this award by our peers is an honour and a testament to the hard-working Azimo team that puts our customers at the heart of everything we do.”

According to the United Nations, there are nearly 250 million international migrants in the world and another 750 million domestic migrants. Many of these people need to send money back home to their loved ones in a secure and affordable way and use money transfer companies like Ria and Azimo in order to do so.

In 2014, the World Bank reported the remittance industry was responsible for moving more than USD $583 billion, with approximately $440 billion flowing to developing economies.  


About IAMTN: The International Association of Money Transfer Networks is the only global international trade organisation that represents Money Transfer Industry / Payment Institutions providing cross border payments. Founded in 2005, provides a platform for industry partners to come together to discuss common challenges, industry initiatives, and create opportunities. IAMTN works closely with governments, regulators, regional associations, payments stakeholders, and individuals to create the most effective, safe, reliable, and efficient payment system possible. For this purpose, IAMTN represents and defends the common interests of its members and works on removing the obstacles that prevent institutions from implementing their activities. IAMTN is a member of the Action Group on Cross Border Remittances set up by the UK Government.


About Ria:  Ria is a global leader in money remittances and is a recognized benchmark in both quality and service. Ria initiates transfers through a network of sending agents and company-owned stores located throughout North America, Latin America, Europe and Asia-Pacific as well as online from the United States at www.riamoneytransfer.com  Ria’s current global network spans 147 countries with services in over 272,000 locations. Ria is steadfast in its commitment to customers and remains ingrained within the communities in which they live. For more information visit www.riafinancial.com and www.riamoneytransfer.com 


About Azimo:Azimo is a London-based digital money transfer service, changing the way people send money around the world. Honest, transparent and social, Azimo is the cheapest and easiest way to send money to 195 countries across the world, from any internet connected device. For more information, visit www.azimo.com or @azimo on Twitter and Facebook.For further information regarding this release, please contact IAMTN at: office@iamtn.org. 

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