Tempo Money Transfer and Bucharest-based remittance provider Smith&Smith have successfully finalised an integration project. Its completion has enabled clients to send money from Tempo Money Transfer service locations to Romania and Republic of Moldova. Clients are also able to make outbound money transfers from Smith&Smith locations and receive the funds in one of Tempo's current service locations. For inbound transactions, cash-to-account and home delivery options are available. Once online transactions are completed, clients will receive sms-notification.
Both Tempo and Smith&Smith believe the amalgamation to be a momentous event for Europe's money transfer market.
One of the leading operators in Romania, Smith&Smith operates in over 40 provinces. The first stage of collaboration will see more than 500 new locations in the state and over 90 locations in the neighbouring Republic of Moldova.
Smith&Smith and Tempo Money Transfer offer home delivery payment service “ACASA” for individuals. The service provides the payment of the amount ordered by the sender at the beneficiary address, in Romania, indicated by the sender. It covers 3100 cities, 95% of the Romanian population, in addition to Tempo's augmented presence.
“ACASA” services also offer increased comforts for the beneficiaries who will not have to travel to collect payments, amongst these beneficiaries will be the elderly.
Tempo Money Transfer operates two fully licensed branches in Paris and Frankfurt, as well as working with 60 agents across Europe, providing services in more than 100 countries.
Smith&Smith believe the joint venture will make for an increase in client portfolio. “The target audience are Romanians and Moldovans, many of whom work temporarily in France, sending money to their families, as well as individuals who do business in Romania. The project may also birth great potential to explore Italy, Spain and UK,” said Mrs. Stela Dimofte-STAMBOALA Smith&Smith administrator.
President for Tempo Money Transfer Mr. Jeffrey Phaneuf announced, 2015 is going to be a year of very ambitious international projects for the company.
“Romania and Moldova are very promising money transfer corridors, and as an ambitious and rapidly developing market player, Tempo Money Transfer are delighted with the collaborative success of our partnership with Smith&Smith. The joint venture will give eager incitement to the international development of these two market players,” he said.