Tempo Money Transfer issued Q3 results. Over 180 locations in Germany and France

International money transfer system, Tempo Money Transfer issued the results for the period July - September of 2016.

The Paris-headquartered remittances provider said in a statement that the number of agent locations soared to more than 180 in Germany and France. 

The company's main focus of activity, is sending money from these two countries to the rest of the world, which makes the indicator very important for its operations, said the president of Tempo, Mr. Jeffrey Phaneuf. 

He went on to say that the total number of locations where services are available, increased to reach 195,000 while the number of countries has almost reached 120.

The spectrum of services includes traditional cash payout, account-crediting, home delivery, cell phone topping up and remote bill payments in various countries.

Mr. Phaneuf said that by the end of Q3, the system has achieved a new operational level. 

Within July-September, the company successfully stepped up its international network, particularly in Africa.

For example, the France and Germany - based remittances provider, which already holds a solid presence in Africa, and has rolled out its pay-out networks in Nigeria, Guinea, Senegal, Gambia, Mauritania, Sierra Leone and Comoros, launched a project in some of the Central African and West Africa nations including – Cameroon, Chad, Democratic Republic of Congo, Central African Republic, Ivory Coast, Congo, Gabon, and Rwanda. The completion of the project provides the customer with more than 400 pay-out locations.

“As a company specialized in outbound transactions from one of the most vibrant EU markets, (France and Germany) , we pay special attention to the developments in Africa and Asia. The demand for services is coming mostly from working migrants. We can clearly see the increasing trend in the number of African and Asian nationals settling in European countries. Hence the demand for low cost and quality services is growing,” Mr. Phaneuf said.

Phaneuf said that in 2016, the company diligently follows its main goals and principles, looking at increasing financial indicators in each project. 

“We continue to place emphasis on low transaction costs. This makes for an effective decrease in the black market and brings money transfers into the open, regulated sphere. This benefits the host country's economy and our customers.”

Tempo Money Transfer enters Canadian market

The France and Germany - based international remittance provider, Tempo Money Transfer signed an agreement with Miami-headquartered company, CAM Transfer, to commence joint operations in the Canadian market.
The integration project completion will enable clients to send money
from over 180 Tempo locations in Germany and France and collect cash in CAM's agent locations in Canada.
CAM Transfer is in partnership with over 40 agents, according to general manager for the company, Mr. Fred Tony. 
The president for Tempo, Mr. Jeffrey Phaneuf said it is the first project for the company in Northern America.
"We see great potential in this remittances corridor (Germany and France to Canada). This is due to growing economic ties and quite large various ethnic communities, present in all three countries," he said in his comments of the large scale joint venture. He went on to say that according to company estimations, the market volume is currently in the range of $30 - $32 billion, with the potential to grow further.
He said the segment has experienced between 14-15-percent growth
year-on-year. Mr. Phaneuf added that Tempo has been actively carrying out its program of international development.  It's wide range of services, from account crediting to cash pick-up and cell phone topping, is available in over 120 countries, with the number of locations exceeding 195,000.
Mr. Tony is also very positive about the project's prospects.
"We will be able to provide clients with excellent quality of service.
Given the positions of Tempo and CAM in the market and growing demand, we are confident in our opportunities to jointly achieve new operational and financial heights. We believe the collaboration is going to be very fruitful."

Number of Tempo Money Transfer locations in France and Germany soars above 180

The number of locations of the international Paris-headquartered money transfer operator, Tempo Money Transfer, has exceeded 180 in Germany and France together. The company is specialized in transferring money from these countries to destinations all over the world.

It operates through an agent network and its own dedicated store in Paris. 

"Germany and France are two of the main donor countries in the remittances market. This is due to their excelling economies and vast number of migrants from others countries living and working there," said the president of Tempo,  Mr Jeffrey Phaneuf.

He went on to say that the working migrants' share in the demand for money transfers exceeds 80 percent.

"Given the exceptional role that Germany and France play in the global remittances market, Tempo is diligently working on extending its network in these two countries." 

Mr. Phaneuf added that the company has a very large international payout network.  Tempo recently reported that it has 195,000 partner locations where clients can collect transferred funds. The number of countries where services are available, exceeds 120.

Mr. Phaneuf said that intensive international development makes collaboration with Tempo increasingly attractive for potential partners.

Recently the company concluded 10 large-scale integration projects in Europe and Asia.

The spectrum of services, offered internationally, now includes cash-to-cash transactions, account crediting, remote bill payments and cell phone top-ups.

A project to make remote bill payments has started in the Philippines. Its successful completion now enables clients to settle their utility bills in the Philippines, from Tempo's locations in France and Germany. These include account payments for electricity, water, internet, mobile services, cable TV, insurance and health.
 The Paris-headquartered remittance system has commenced operations in Vietnam and Mongolia. In these two Asian countries, Tempo started its collaboration with one of the CIS-leading remittances providers, Unistream, which has created great potential to build its payout network in the former USSR countries and Eastern Europe.

“We are looking at improving our financial indicators, as well as launching and developing our online presence. We will place an emphasis on low transaction costs. This will cause an effective decrease in black market operations and bring money transfers into the open, regulated sphere. This benefits the host country's economy and our customers,” said the president for the Banque du France-licensed company.