Tempo Money transfer published H1 results. Over 150000 locations in more than 100 countries

The France-based money transfer provider, Tempo Money Transfer reported significant growth in its operational component. The Paris-headquartered company said the number of locations it currently operates exceeds 150,000.  

The number of countries, Tempo Money Transfer is present is currently over 100. 

Its president Mr. Jeffrey Phaneuf reported that in the first half of the year, the system completed a large-scale project in China. In the PRC, the number of locations soared to more than 17 000.

In the region, Tempo also provides pay-out services in Bangladesh, Nepal, India, Pakistan, Philippines and Sri Lanka. 

In Africa, it is present in 27 countries, in South America (6 countries).

Mr. Phaneuf reported, within the first 6 months of the year, the system increased its product range. 

Thus, in collaboration with global electronic payment network iSend, the France-based money transfer operator has recently enabled clients to top up their mobile phones globally, at service locations. Money paid in Tempo Money Transfer locations can recharge cell phone credit in 80 countries throughout the Americas, the Caribbean, Africa, Europe, the Middle East and Asia, including India and Oceania.

He said the company offers its clients account-crediting, sms-notifications and home delivery. 

Tempo’s president also reported, in Europe, the number of the agent locations where the clients can send money, grew to 100 from 70 (at the end of 2014).

Mr. Phaneuf confirmed Tempo opened retails stores in Paris and in Frankfurt. 

The Paris shopfront is conveniently located in the vibrant 10th 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.

“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,” Mr Phaneuf said.

He also said that Tempo Money Transfer considers its services an important financial inclusion for lower income people, globally.

“We consider, as one of our priorities, to lower the transaction costs for wires to effectively decrease the black market and bring the transactions into the open, regulated sphere. This benefits the host country's economies and our customers,” Phaneuf said.