Tempo Money Transfer launches services on Comoros in alliance with Comores Assistance International

The international remittances service provider Tempo Money Transfer launched its services on Comoros. The France-based company successfully completed integration with the Comores Assistance International, financial institution registered with the Central Banque of Comores, as a financial intermediary.

Tempo Money Transfer clients can now send cash to the islands. The funds can be picked up in several Comores Assistance International’s locations in Grande Comoros, Anjouan, as well as in the forth island of the Archipelagos.

“We believe that the project features good prospects given how intensively the remittances between Comoros, France, Morocco, China, AE as well as Egypt, Senegal and Madagascar, are increasing,” said Head Manager of Comores Assistance International, Mr Mohamed Farouk Ali.

“It is a very promising and important corridor for us. Quite a vast number of European nationals live and visit the Archipelagos every year. So, we expect quite fast growth in the number of clients and hence, amount of transactions,” said Tempo Money Transfer's president, Mr. Jeffrey Phaneuf

He added that Tempo Money Transfer, which holds a pan-European money transfer license and operates a 67-agent network in Europe, has been increasingly strengthening its international activities, globally.

Recently, it has completed assertive projects in Sri Lanka, Nepal, Romania and Moldova.

Currently Tempo Money Transfer operates in over 100 countries worldwide. Its services are available in over 200 000 locations, offering its clients genuine European standards.

Tempo Money Transfer in Alliance with Metrobank in the Philippines

Tempo Money Transfer and one of the Philippines’ leading banks, Metropolitan Bank and Trust Company, or Metrobank, have successfully integrated their financial transfer services. The partners have thus commenced money transfers from Tempo Money Transfer service locations to beneficiaries in the Philippines through Metrobank. The alliance makes it possible to give the clients yet another option in accessing money transfer services, with EU- standards and quality.

Both parties believe the partnership has great potential. 

Metrobank has been in the financial institution industry for over 52 years and has over 900 branches all over the Philippines.

Metrobank offers its cash-to-cash product named Cash Pick-Up Anywhere, in which beneficiaries can pick up the cash transfer at any of over 6,000 partner locations in the Philippines using a single reference number. Tempo Money Transfer operates over 60 locations in Germany and France.

There is also an automatic SMS notification to the beneficiary once the cash is ready for pick-up. The clients can also enjoy the cash-to-account option wherein funds sent, can be credited not only to Metrobank accounts, but also to all major banks in the Philippines. 

"It is a large-scale project that has a principle meaning to the Filipino money transfer market, given the position of Tempo Money Transfer in the EU-market and the role Metrobank plays on the national banking landscape, due to a great number of clients and growing client portfolio,” said Mr. Walter Lim, the bank’s regional head for Europe.

He indicated that the bulk of remittances to the Philippines come from the United Kingdom, followed by Germany, Greece and Italy.

The president for Tempo Money Transfer Mr. Jeffrey Phaneuf said that the alliance with Metrobank will significantly enhance the company’s position in the Philippines and Asia in general.

Since the successful launch of the project, Tempo Money Transfer’s services are now available in nearly 12,000 locations across the country, the total number of locations in the Asian region increased to over 22,000.

“We trust the project will be beneficial for our clients who need high quality reliable services. Also, working together gives us a great chance to drastically increase client portfolio”.

TimesofMoney Announces Launch of ‘Movit’

‘Movit’ – Comprehensive Mobile Money Solution fuels Global mPayments Revolution

Mumbai, March 30, 2015: TimesofMoney, the global digital payments specialist, recently launched its suite of comprehensive Mobile Money solutions, Movit, aimed at catering to the burgeoning mobile payments market.

The new-age Movit platform caters to various verticals and businesses including banks, telecom companies, government utilities and retail stores by creating a host of services that aid financial inclusion. These include mobile commerce, agency banking, peer-to-peer remittances etc. It is device agnostic and can be customized to both smart phones as well as feature phones. 

The company’s expertise on global compliance and AML (anti-money laundering) best practices makes the job easier for any business aspiring to succeed using mobile payments. Simply put, Movit offers security and safety in transactions with ample convenience and freedom to transact anywhere, anytime. With few players in the industry who offer a bundled service for mobile money utility, Movit makes for a compelling proposition.

Talking about Movit, Avijit Nanda, Chief Executive Officer, TimesofMoney says, “TimesofMoney has several success stories to its credit. We have engaged with international clients for Movit and in fact are in the process of deploying it in Africa currently. Since Movit’s primary delivery channel is the mobile phone, it gives a huge thrust to the financial inclusion agenda of Governments in emerging economies of India, Asia & Africa where there is an ever-increasing mobile penetration.”

“In India, the potential of the ubiquitous mobile phone is yet to be harnessed. Movit was born out of our global expertise in powering digital payments and our desire to leverage the platform. Many emerging economies and businesses are poised for growth in mobile money solutions and we have just the right proposition to drive this growth”, he added.

Recent studies indicate a surging global market for mobile-based payments that is set to grow exponentially in the next couple of years. There is a pressing need for businesses to make sure they have the ability to service this consumer need. Simultaneously, both the regulators as well as the other aspects of ecosystem including service providers, beneficiaries and users are converging. To cater to this, Movit offers a completely customizable platform to equip businesses to facilitate mobile payments in different forms.

For more on Movit, please visit: http://www.timesofmoney.com/TOM/movit.html