Tempo Money Transfer ties up with Seylan Bank for remittance to Sri Lanka

Tempo Money Transfer has commenced remittance to Sri Lanka through a strategic business partnership with Seylan Bank PLC, Sri Lanka.

Seylan Bank, PLC one of the leading private banks  in Sri Lanka and the Paris-based, Tempo Money Transfer service company  have successfully completed integrations of their remittance platforms.

This would ensure remitters requiring service in the Europe to Sri Lanka corridor are provided with a  EU-standard money transfer services.

Seylan Bank, network of 159 strategically located branches in 25 regional districts and 9 provinces, provides easy access to fund recipients in Sri Lanka. 

Migrant Sri Lankans in Europe, especially in France & Germany could remit funds from any Tempo location, to their “loved Ones” in Sri Lanka for pick up at any Seylan Bank Branch or to the credit of any Seylan Bank account or credit any other Bank account. Account holders of Seylan Bank could also draw cash 24 hours a day through any of the 2,000 Visa accredited ATM’s located around Sri Lanka or purchase goods & services through any Visa accredited merchants in Sri Lanka. 

Extensive location coverage, high quality services, as well as a broad spectrum of options, coupled with the latest IT systems, makes the joint venture an important financial initiative throughout the country, given how fast the demand for quality services which is growing in the remittances field.

"This business partnership with Tempo is very vital to Seylan Bank. We look forward to serving the large segment of migrant Sri Lankans living and working in European countries, particularly in Germany and France," said Mr Nain Marikar, Head of Remittance for Seylan Bank.

“We are making great and diligent efforts in extending our network to the Asian and Oceania region,” said Mr. Jeffrey Phaneuf, the president for Tempo Money Transfer.

He reported that currently Tempo’s partnership arrangements provides service through over 4,300 locations in India, nearly 2,000 locations in Pakistan, and close to 6,000 locations in the Philippines.

In Europe, where it has been granted a pan-European money transfer license, Tempo Money Transfer operates branches in France and Germany. Its services are available in outlets of 60 agents.

Tempo money transfers are presently available in more than 100 countries.

Tempo Money Transfer enters Romania and Moldova. Collaboration with Smith&Smith started

Tempo Money Transfer and Bucharest-based remittance provider Smith&Smith have successfully finalised an integration project. Its completion has enabled clients to send money from Tempo Money Transfer service locations to Romania and Republic of Moldova. Clients are also able to make outbound money transfers from Smith&Smith locations and receive the funds in one of Tempo's current service locations. For inbound transactions, cash-to-account and home delivery options are available. Once online transactions are completed, clients will receive sms-notification.

Both Tempo and Smith&Smith believe the amalgamation to be a momentous event for Europe's money transfer market.

One of the leading operators in Romania, Smith&Smith operates in over 40 provinces. The first stage of collaboration will see more than 500 new locations in the state and over 90 locations in the neighbouring Republic of Moldova.

Smith&Smith and Tempo Money Transfer offer home delivery payment service “ACASA” for individuals. The service provides the payment of the amount ordered by the sender at the beneficiary address, in Romania, indicated by the sender. It covers 3100 cities, 95% of the Romanian population, in addition to Tempo's augmented presence.

“ACASA” services also offer increased comforts for the beneficiaries who will not have to travel to collect payments, amongst these beneficiaries will be the elderly. 

Tempo Money Transfer operates two fully licensed branches in Paris and Frankfurt, as well as working with 60 agents across Europe, providing services in more than 100 countries.

Smith&Smith believe the joint venture will make for an increase in client portfolio. “The target audience are Romanians and Moldovans, many of whom work temporarily in France, sending money to their families, as well as individuals who do business in Romania. The project may also birth great potential to explore Italy, Spain and UK,” said Mrs. Stela Dimofte-STAMBOALA Smith&Smith administrator.

President for Tempo Money Transfer Mr. Jeffrey Phaneuf announced, 2015 is going to be a year of very ambitious international projects for the company.

“Romania and Moldova are very promising money transfer corridors, and as an ambitious and rapidly developing market player, Tempo Money Transfer are delighted with the collaborative success of our partnership with Smith&Smith. The joint venture will give eager incitement to the international development of these two market players,” he said.

Tempo Money Transfer opens Paris retail store

Following growing demand for quality money transfer services in Europe, Tempo Money Transfer has launched its first operational retail store in central Paris. 

The Paris instalment has warmly opened its doors, assisting clients with an array of monetary transfer products and services.

It is conveniently located in the vibrant 10^th 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. 

The president for the company, Mr. Jeffrey Phaneuf recently extended Tempo Money Transfer's plans to offer clients bureau de change activity - once approved by BdF in addition to the traditional money transfer services. “Also, should we be granted the relevant BdF permission, we plan to offer inbound payments to customers at this store from our global network,” he reported.

The Paris branch will be an integral part of the already efficient and well-developed TMT network in Western Europe, confirmed by its German counterpart and over 60 agents in the region.

Mr.Phaneuf said also that given the fact the client portfolio is increasingly growing, the company plans to open branches in different cities in Europe in the near future.

“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.”

Moreover, Mr Phaneuf affirmed that in preceding months, the system has succeeded in rapid development, not only in Europe but globally, also.

Projects in Nepal, Morocco and others global regions have been successfully completed. Tempo Money Transfer services are now available in more than 100 countries.