Tempo Money Transfer strengthens its position in Eastern Europe.

Operations in three countries started

International France and Germany - based remittances provider, Tempo Money Transfer has started operation in three East European countries - Ukraine, Czech Republic and Slovakia.

The new development is part of collaboration with one of the regional market leaders, Unistream.

The project's completion enables clients to send money from Tempo's agent locations in Germany and France and receive funds at service points where Unistream pay-outs are available in Czech Republic, Slovak Republic and Ukraine.

Tempo operates with over 150 authorized agent locations in Germany and France, as well as a dedicated retail store in central Paris.

The numbers of Unistream locations where Tempo money transfers has become available are 40, 6 and 8,600 respectively.

Just recently the Paris-headquartered company and Unistream successfully completed the first step of the joint project, launching remittances from France and Germany to Mongolia and Vietnam (500 and 1000 payout locations in each country, respectively).

The companies plan to expand joint activity into yet another 10 countries.

"Eastern Europe is a very important segment of the global remittances market.  We are particularly excited to offer payment services to the Ukraine,  as this country is one of the major recipients, (remittances wise)  in the European money transfer arena.  It's GDP is vitally dependent on money transfers, hence the demand for the services is soaring," said the president for Tempo, Mr. Jeffrey Phaneuf.

He said also that the company has been very active in its development in Europe.

"So far we have completed integration projects in Moldova, Russia, Romania and Armenia. We are planning to cover more and more countries - and not only within the framework of the Unistream project."

The BdF-licensed company has been actively building up its international network

outside of Europe as well.

“We are looking at increasing our financial indicators in each project. We concentrate on reducing transaction costs for our valued clients. This makes for an effective decrease in the black market and brings money transfers into the open, regulated sphere. This benefits  the host country's economy and our customers,” said Mr.Phaneuf.

Tempo Money Transfer and Metrobank launch remittance services to China

The Paris-headquartered international remittances service provider, Tempo Money Transfer and

Philippines-based Metrobank, have successfully completed a large-scale project in the People's

Republic of China.

It has enabled clients to send money from Europe and notably France and Germany, to

beneficiary accounts in 42 Chinese banks, including the Top Four - BOC, ICBC, CCB, ABC.

Thus, the joint Tempo - MB service, covers a comprehensive bank network of over 20,000

branches across China.

The main clients of the service are Chinese nationals, presently residing in France and Germany,

said president for Tempo Money Transfer, Mr. Jeffrey Phaneuf.

“We are talking about over 700 000 people in France and more than 100 000 in Germany,” he

said, adding that the Tempo – MB project, has a great meaning to China’s growing remittances

market.

“We expect the remittances corridor of China to grow further in 2016. Clients need quality

services more and more, and we, as a fast developing service provider, are doing our best to be

ready for the growing demand of genuine EU-standard money transfers.”

In Germany and France, the company operates over 100 authorized agent locations. Last year,

Tempo Money Transfer launched its first dedicated, operational retail store in central Paris.

One of the main goals is to lower transaction fees, to bring more people and funds into the

regulated market, Mr. Phaneuf stressed.

The company has enjoyed intensive progress in the Asian region of the world.

Cooperation between Tempo and the Manila-headquartered company, started in 2015. They

commenced money transfers from the France-based company locations, to beneficiaries in the

Philippines, through branches of Metrobank. The alliance made it possible to give clients yet

another option in accessing money transfer services, with EU- standards and quality. Metrobank

has been in the financial institution industry for over 52 years and has more than 900 branches,

throughout the Philippines.

Currently, Tempo’s services are available in over 50,000 locations in Asia.

“The new service between Tempo Money Transfer and Metrobank, is a successful continuation

of the strategic alliance between the two financial institutions, which now expands outside of the

Philippines and holds a strong position among the banks of the region,” said Mr. Phaneuf.