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.”

Tempo Money Transfer and MCB launch remittances from France and Germany to Pakistan

International Paris-headquartered remittances service provider, Tempo Money Transfer (TMT) and one of Pakistan's leaders in the banking sector, MCB bank have successfully launched their money transfer services between Europe and Pakistan.

The project completion gives clients the opportunity to send funds from one of Tempo Money Transfer's locations in Germany and France, to recipients at one of MCB's service locations in Pakistan.

Tempo Money Transfer’s services are available in 70 agent locations in the EU. In addition to this, the France-based system operates one fully licensed retail store in central Paris. 

Clients can pick cash up, once sent with Tempo Money Transfer in one of over 1, 200 MCB branches across Pakistan. The bank operates nationwide, in all provinces and cities including Islamabad, Karachi, Multan and Lahore. Upon request, funds sent, can be credited to the beneficiary’s bank account. SMS notification is available on the transfers.

The president for Tempo Money Transfer, Mr. Jeffrey Phaneuf said the project has great appeal, not only to Pakistani nationals living and working in France and Germany, but also to the country's economy.

“Given how many immigrants from Pakistan reside in the EU, Germany and France particularly, we expect quite high growth in remittances volumes and client numbers. This, we believe, will be very beneficial to the country’s economy,” he said.

The business head of transaction banking division for MCB, Mr. Aali Shafi said the project also makes for further promotion of quality EU money transfer services in Pakistan.

“The demand for high quality services is growing in Pakistan. We are very happy to be in alliance with Tempo Money Transfer since the project opens the door for Pakistani people who live in Europe and send money to their loved ones here”, he said.

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. It has recently completed assertive projects in Sri Lanka, Nepal, Romania and Moldova, as well as Comoros.