Following the strategy of rapid development in the Eastern European arena, the international money transfer operator, Tempo Money Transfer, entered the Russian market. The event is part of a large-scale project with one of the CIS-leading remittances providers, Unistream.
Commencement of the project enables clients to send money from one of Tempo's locations in France and Germany and collect the funds in a Unistream outlet throughout the Russian Federation.
The Moscow-headquartered company operates over 13,000 locations where payout options are available, across Russia.
The joint enterprise [in Russia] is the next step towards a large geographical development, which the two companies have started and will continue.
Just recently the France and Germany- based 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).
Banque du France - licensed, Tempo Money Transfer has a solid location coverage in Germany and France and runs a dedicated remittances store in Paris.
Tempo's president Mr. Jeffrey Phaneuf said that the company sees the collaboration with Unistream's, as an important step forward in business development internationally, and activity in the Russian segment plays a very special role in it.
"Russia has been tremendously active in the remittances segment, posing great prospects. The targeted audience are Russian nationals living and working in Germany and France, and sending money back home to their friends and families. That is why we expect the demand for the product to soar."
Mr. Phaneuf went on to say that given the special role Unistream plays in the Russian segment, the project is going to be beneficial both to the clients and the providers.
"The clients will have a unique opportunity to obtain access to the services of a genuine EU-standard quality, large coverage and lucrative tariffs."
The Paris-headquartered money transfer company has recently been very active in its international projects.
Tempo reported recently that the number of its locations has reached 190,000 and the number of countries where its services are present, currently exceeds 120.