Social as a Service: Can Facebook Money App Azimo Disrupt the $400bn Remittance Market?

According to the World Bank peer-to-peer money transfer services handle $400bn of cash transfers every year.  Given that these services, dominated by big players such as Western Union can charge over 10% commission the sector is ripe for disruption. Enter a new generation of online financial service startups such as Azimo ($460K funding...