Press Release (ePRNews.com) - PARIS, France - May 23, 2016 - International France and Germany – based remittances provider, Tempo
Money Transfer has started operation in three East European countries –
Ukraine, Czech Republic and Slovakia.
The new development is part of collaboration with one of the regional
market leaders, Unistream.
The project’s completion enables clients to send money from Tempo’s agent
locations in Germany and France and receive funds at service points where
Unistream pay-outs are available in Czech Republic, Slovak Republic and
Tempo operates with over 150 authorized agent locations in Germany and France, as well as a
dedicated retail store in central Paris.
The numbers of Unistream locations where Tempo money transfers has become
available are 40, 6 and 8,600 respectively.
Just recently the Paris-headquartered company and Unistream successfully
completed the first step of the joint project, launching remittances from France and
Germany to Mongolia and Vietnam (500 and 1000 payout locations in
each country, respectively).
The companies plan to expand joint activity into yet another 10 countries.
“Eastern Europe is a very important segment of the global remittances
market. We are particularly excited to offer payment services to the Ukraine, as this country is one of the major recipients, (remittances wise) in the European money transfer
arena. It’s GDP is vitally dependent on money transfers, hence the demand
for the services is soaring,” said the president for Tempo, Mr. Jeffrey Phaneuf.
He said also that the company has been very active in its development in Europe.
“So far we have completed integration projects in Moldova, Russia, Romania
and Armenia. We are planning to cover more and more countries – and not only
within the framework of the Unistream project.”
The BdF-licensed company has been actively building up its international network
outside of Europe as well.
“We are looking at increasing our financial indicators in each project. We concentrate on reducing transaction costs for our valued clients. 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,” said Mr.Phaneuf. Source :
Tempo Money Transfer