The international money transfer service provider, Tempo Money Transfer, has issued the results of its activity in 2015. The France-based company said, "the year was a very intensive period for the company, that started its operations in the market, in 2014".
The president for the Paris-headquartered remittances operator, Mr. Jeffrey Phaneuf said that in 2015, the company management work priority, was to build up its operational infrastructure in various regions of the world for development of the corridors with outbound transactions in France and Germany (the two leading donor countries for money transfer remittances.
Mr. Phaneuf said that over 20 integration projects have taken flight, in various world regions, including; Eastern Europe, Africa and Asia.
Which has brought operational networks to over 180 000 locations, whereby clients can pick up cash sent from more than 70 agent locations in Germany and France.
In France, the Banque du France -licensed company opened a money transfer store, successfully operating in one of the busiest districts in Paris.
New projects were launched in Asia (China, India, Bangladesh and Nepal), in Africa (Mauritania, Morocco, Nigeria, Guinea, Senegal, Gambia, Mauritania and Sierra Leone).
Mr. Phaneuf said that in all projects without exception, the company managed to reach the targeted operational levels, both operationally and in standards of quality.
“Being an EU-licensed company, we strive to bring the services to European standards in all aspects including quality, reliability and in number of options,” he said.
The services include SMS and phone notifications.
In 2015, the company made drastic efforts to increase its product line.
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.
Mr. Phaneuf also noted that in 2015, Tempo Money Transfer started playing an important social role.
“In our work, we make accent on low transaction costs for wires. This makes for an effective decrease in the black market and brings transactions into the open, regulated sphere. This benefits the host country's economy and our customers,” the Tempo president said.
Mr. Phaneuf also revealed Tempo's plans for 2016.
“I expect 2016 to be a very busy year for the company. Now we have all operational component created, we are looking at increasing financial indicators and closely working with our partners internationally, to follow the main trends and clients’ growing demand for quality and affordable services.”
The Tempo president said also that the company is very close to launching online remittances, which is going to give yet another option to Tempo clients.