International Paris-headquartered remittances service provider, Tempo Money Transfer (TMT) and one of Pakistan's leaders in the banking sector, MCB bank have successfully launched their money transfer services between Europe and Pakistan.
The project completion gives clients the opportunity to send funds from one of Tempo Money Transfer's locations in Germany and France, to recipients at one of MCB's service locations in Pakistan.
Tempo Money Transfer’s services are available in 70 agent locations in the EU. In addition to this, the France-based system operates one fully licensed retail store in central Paris.
Clients can pick cash up, once sent with Tempo Money Transfer in one of over 1, 200 MCB branches across Pakistan. The bank operates nationwide, in all provinces and cities including Islamabad, Karachi, Multan and Lahore. Upon request, funds sent, can be credited to the beneficiary’s bank account. SMS notification is available on the transfers.
The president for Tempo Money Transfer, Mr. Jeffrey Phaneuf said the project has great appeal, not only to Pakistani nationals living and working in France and Germany, but also to the country's economy.
“Given how many immigrants from Pakistan reside in the EU, Germany and France particularly, we expect quite high growth in remittances volumes and client numbers. This, we believe, will be very beneficial to the country’s economy,” he said.
The business head of transaction banking division for MCB, Mr. Aali Shafi said the project also makes for further promotion of quality EU money transfer services in Pakistan.
“The demand for high quality services is growing in Pakistan. We are very happy to be in alliance with Tempo Money Transfer since the project opens the door for Pakistani people who live in Europe and send money to their loved ones here”, he said.
Currently Tempo Money Transfer operates in over 100 countries worldwide. Its services are available in over 200 000 locations, offering its clients genuine European standards. It has recently completed assertive projects in Sri Lanka, Nepal, Romania and Moldova, as well as Comoros.