Thursday, 5 May 2016
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
“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.