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.

Tempo Money Transfer joins China's market. Large-scale integration project with Chinese giant ICBC completed

International money transfer system Tempo Money Transfer (TMT) and Chinese banking sector giant, ICBC have successfully completed a large-scale integration project. 

It enables clients to send money from TMT’s locations across France and Germany, receiving funds in over 17,000 ICBC locations across China. This integration is not limited to ICBC, in whose branches cash-to-cash, cash-to-accounts and card crediting are available. Account crediting and card crediting (CUP, Visa, Mastercard) are also available in over 40 other Chinese bank branches. Thus, the project covers the country's entire financial sector.  There is rapid demand for quality money transfer services from Germany and France to China, growing annually. 

The currency of the transfers is Euro. In the case of cash-to-cash transfer, notification services are available by phone.

The president for the Paris-headquartered company, whose services are available in over 70 locations in Germany and France, Mr. Jeffrey Phaneuf said "the project manifests the great achievements, Tempo Money Transfer has made, not only in the European continent, but also globally".

“China is a country where the remittance market has enormous volumes and potential. Given the scale of the segment and ICBC's position in the market, we believe the project has significant meaning to the global money transfer market. For more than a year, we have been working on building up an international component of the business. The completion of the project with ICBC, means we are gaining significant results in this area,” 

He reported that due to the realisation of the project's success, the number of TMT’s locations has soared to nearly 32,000 in Asia.

The Paris-headquartered operator has over 4,300 locations in India, nearly 2,000 locations in Pakistan, and close to 6,000 locations in the Philippines. The number of locations in Nepal exceeds 1,800. Tempo Money Transfer now operates in over 100 countries.

Tempo Money Transfer launches remittance services to Bangladesh, teaming up with Uttara Bank Limited

The France-based remittance provider Tempo Money Transfer and one of the leading Bangladeshi financial institutions, Uttara Bank Limited have successfully completed joint collaboration project. 

This enables clients to receive the money sent from the TMT’s locations in France and Germany, in Uttara bank’s branches in Bangladesh.

Currently, Uttara Bank Limited operates through 223 online branches spreading over the urban and rural areas with potential business places of Bangladesh.

Clients can use not only cash-to-cash option but account-crediting also. The set of services includes SMS-notifications and notifications over the phone to beneficiary.

Both parties believe that the joint project has great prospect. 

The Managing Director and CEO of Uttara Bank Limited, Mr. Shaikh Abdul Aziz said that the demand for quality remittance services is on the rise in Bangladesh and the 50+ year old Uttara Bank Limited has already created a distinct and reliable position among the clients for its quality remittance service in particular.

“A lot of Bangladesh nationals are living in Europe, particularly in France. The amount they send to their friends and families in Bangladesh is growing from year to year.

That is why we trust that the project is going to be beneficial to both parties.” 

Tempo Money Transfer operates over 70 locations in Germany and France.

The president for the Paris-headquartered company Mr. Jeffrey Phaneuf said that Bangladesh has been one of the most attractive markets in Asia.

He added that the company is currently carrying out very active development in the region.

Mr. Phaneuf reported that recently Tempo Money Transfer successfully finalized projects and launched transfers to Pakistan, Sri Lanka, Nepal as well as the Philippines. 

Tempo Money Transfer’s services are now available in over 10,000 locations in Asia.

“This year, we plan to keep increasing the rates of our international development, reaching new operational and financial heights.”