Tempo Money Transfer opens Paris retail store

Following growing demand for quality money transfer services in Europe, Tempo Money Transfer has launched its first operational retail store in central Paris. 

The Paris instalment has warmly opened its doors, assisting clients with an array of monetary transfer products and services.

It is conveniently located in the vibrant 10^th district near the Gare du Nord and Gare de l’Est central train stations, at 89, Magenta Blvd., an area renowned by foreign travellers and financiers, alike.

The branch features 4 cash counters and a client-friendly layout. 

The president for the company, Mr. Jeffrey Phaneuf recently extended Tempo Money Transfer's plans to offer clients bureau de change activity - once approved by BdF in addition to the traditional money transfer services. “Also, should we be granted the relevant BdF permission, we plan to offer inbound payments to customers at this store from our global network,” he reported.

The Paris branch will be an integral part of the already efficient and well-developed TMT network in Western Europe, confirmed by its German counterpart and over 60 agents in the region.

Mr.Phaneuf said also that given the fact the client portfolio is increasingly growing, the company plans to open branches in different cities in Europe in the near future.

“Our strategy is to provide clients with the highest quality standards. The size of the network and the proximity to a Tempo Money Transfer location are important parameters. So, we plan to gradually step up this component of development.”

Moreover, Mr Phaneuf affirmed that in preceding months, the system has succeeded in rapid development, not only in Europe but globally, also.

Projects in Nepal, Morocco and others global regions have been successfully completed. Tempo Money Transfer services are now available in more than 100 countries.

WorldRemit raises $100m funding

WorldRemit today announced that it has raised $100m in a Series B funding round led by Technology Crossover Ventures (TCV), with participation from existing investor Accel Partners.

This investment will allow WorldRemit to extend its existing reach of 50 send countries and 117 receive countries, and expand partnerships with Mobile Money wallets operated by telecoms companies in Africa, Asia and Latin America.

Congratulations to our long term members.

Tempo France registered its trademark with OHMI

Tempo France has registered its core product under the trademark ‘Tempo Money Transfer’ with the OHMI.

The Office of Harmonization in the Internal Market is the official body charged with protecting intellectual property within the EU.

As the business activity of Tempo is growing internationally, the need has appeared to protect the company’s brand by getting it registered with a solid intellectual property protection provider.

“The registration of Tempo Money Transfer as a trademark will be beneficial to our clients, to whom we provide services of European standards. Trademark registration is yet another milestone in our development, given Tempo is actively implementing its full-scale international partnership program in Europe, Africa, Asia, Latin & South America, India and the Philippines, as well as China, Middle East and Eastern Europe,” said Jeffrey Phaneuf, the president for Tempo France

He went on to say that Tempo’s trademark registration followed other important events. Just recently the company started collaboration with the leading multi-channel money transfer solutions provider RemitONE to offer worldwide connectivity in the global remittances market. It enabled the system to use state-of-the-art IT solutions and connectivity to link to an impressive global network of money transfer operators, banks, FX companies and remittance hubs.

Tempo France just recently joined the International Association of Money Transfer Networks, which unites over 50 financial institutions, specialised in remittances services.

As part of its international development, Tempo France recently started its activity in Nepal, collaborating with a leading local money transfer company, Samsara.

Tempo France now operates in nearly 100 countries, having a fully licensed branch in Germany. 

Tempo France has been granted its European money transfer license by the French regulatory authorities.