Tempo Money Transfer joins Nepal market teaming up with Samsara Finance

The international remittances provider, Tempo Money Transfer and the Nepalese leading money transfer company Samsara Money Transfer have successfully completed a joint integration project. 

The collaboration will enable the clients to send money from Tempo’s locations in Europe and receive it in branches of Samsara’s partners in Nepal. 

Both companies believe that the start of the project is an important milestone in development of the corridor between EU and Nepal, since the demand for quality and affordable money transfer services is on the raise.

The clients will be able to pick up cash sent from European outlets, where Tempo Money Transfer’ services are available, in over 1,800 agent locations- finance companies, retailers, corporates and travel agents who operate on b2b model using Samsara’s system. The network covers all of Nepal's provinces, even small towns and settlements.

Money can be sent from almost 60 locations in France and Germany. In Nepal, the service includes cash payout, account depositing, SMS and telephone notification.

The president for Tempo France, Mr. Jeffrey Phaneuf  said the client audience is very broad. “The cultural, economic and tourism ties between Nepal and the EU are increasingly growing. Development of the project will provide new options to send money, for Nepalese workers, migrants, students, 0businessmen, staying and working in Europe. They expect high quality services and affordable rates. That is what we can and will be happy to provide jointly with our partners in Samsara,” he said.

Tempo France is the company running Tempo Money Transfers. It has been granted its European money transfer license by the French regulatory authorities and operates in over 100 countries around the globe.

The director of marketing and business development for Samsara Money Transfer, Mr. Suraj Chhetri said that the joint project opens new perspective for both companies to further increase their client portfolio and reach new financial and operational heights.

“We care about the services we provide our clients with and always look for new opportunities to increase our network worldwide. Collaboration with Tempo is a way to step up our activities in such an important segment as Europe. That is why we are very happy to start our mutual work with them,” he said.

Azimo Launches New Instant Cash Transfer Service to The Philippines

Mike Tinmouth on miket@azimo.com

Azimo, the digital money transfer service, today announced that customers can now send money to the Philippines for instant cash pick-up at over 5,000 locations as new research showed that more and more customers are opting to receive cash over bank transfers.

According to The World Bank, The Philippines is the fourth largest recipient of official remittances after China, India and Mexico, with Filipinos abroad sending home over $25bn in 2013. Today, there are an estimated 14m Filipinos living abroad with Overseas Filipino Worker (OFW) remittances representing nearly 13.5% of the country's GDP.

Azimo’s research of transfer trends over the past 3 years shows that transfers for cash collection have risen from 65% to 76% as migrants continue to favour receiving cash over payments to bank accounts.

The new Azimo service provides an instant, safe, easy and low-cost way to transfer money across borders, offering rates up to 85% cheaper than high street banks and traditional money transfer providers.

The service is available across the UK and Eurozone, including Italy, France, Ireland and Germany. Funds are delivered instantly for cash pick-up at over 5000 Banco de Oro, Cebuana Lhuillier, MLhuillier and Palawan pawnshop branches, with many open 24 hours a day.

Registering to use Azimo is free and takes just a few seconds from a smartphone or PC using your email address or Facebook profile.

Michael Kent, CEO said: "It is important to offer the hard working Filipino community what they want: a convenient and good value cash based service. While we also offer bank account funding and home delivery in the Philippines, with our new instant cash service our customers know that their padala will be waiting for their loved ones as soon as they click the Send button".

In addition to Azimo’s normal low-cost services, customers will get their first transfer FREE by using promotional code AZIMOPINOY. 

Tempo France successfully completed deal with E-Ventures Associates LTD. Tempo Money Transfers launched

Tempo France SAS has successfully completed a deal with UK-based E-Ventures Associates LTD. 

The British company acquired 75 percent in TF’s stock from Jeffrey Phaneuf, who now owns 15 percent of shares. 

One of the principal shareholders in E-Ventures Associates LTD is Souren Hayriyan (ex-president of the CIS leading money transfer system, Unistream), joining Tempo France’s BD, while Jeffrey Phaneuf has been appointed as president.  

“With the deal's successful completion, Tempo France obtained a tremendous impetus to promote its core product, Tempo Money Transfer in the EU and international remittances market”, commented Jeffrey Phaneuf upon finalisation of the deal.

The main assets of the French money transfers system is a pan-European money transfers license, granted by the Bank of France in 2011 with potential to operate 200 000 outlets in 67 countries worldwide as well as state-of-the-art IT-systems and its team having collective work experience of 30 years. 

The board includes two of Europe's most professional top-managers in the field of money transfers. TF also operates its own fully licenced branch in Germany.

 “At this stage, our strategic goal is to become one of the major players in the EU remittance market. This makes it real to achieve serious financial and operational performance and leadership positions in the target market”, Phaneuf said.