The international France and Germany – based remittances service provider, Tempo Money Transfer issued operational results of its activity for the period of January – June 2016.
In a statement, the Paris-headquartered money transfer company said that the number of service locations has reached 195, 0000 and the number of countries where its services are present, exceeds 120.
The spectrum of services now includes cash-to-cash transactions, account-crediting, remote bill payments, cell phone top ups, available internationally.
In January-June, the company has completed 10 large-scale projects in various world regions including Europe, Asia and Africa.
The Paris-headquartered system started bill payments in the Philippines, and 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 up its payout network in the former USSSR countries and Eastern Europe.
Currently, the total number of outlets supporting Tempo's pay-out function, exceeds 20,000 in Eastern Europe and CIS.
Within the reporting period, the BdF-licensed company managed to significantly build up its operations in Africa.
Its operations reached the planned indicators in Morocco.
The system started operations in 18 countries in the African continent including Benin, Burkina Faso, Ivory Coast, Niger, Tanzania and Togo.
The number of financial institutions covered included 3 banks in Ivory Coast, 6 in Burkina Faso, as well as 4 banks and the nation-wide post service in Benin.
The number of new locations where clients can collect cash, was almost 600 in these 3 countries alone.
In his comments on the results, the president for Tempo, Mr. Jeffrey Phaneuf said that the 1st half of the year was marked by intensive development, regarding new partnership commencement.
He also said that during this period Tempo has covered all necessary bases to launch its unique and state-of-the -art online option, which is expected to be available shortly.
“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 across the World. But at the same time we do understand that the future belongs to online transfers. The demand for these kind of services is coming from all categories of client." Mr. Phaneuf said.
Tempo’s president mentioned also that the company managed to widen its product line. A project to make remote bill payments, took flight in the Philippines.
Its successful completion enables clients to settle their utility bills in the Philippines, from its locations in France and Germany. The spectrum of which, includes electricity, water, internet, mobile services, cable TV, insurance and health.
Mr. Phaneuf said that in 2016, the company will follow its main goals and principles.
“We are looking at increasing our financial indicators, as well as launching and developing the online option . We will make accent 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,” said the president for the Banque du France -licensed company.