Tempo Money Transfer has commenced its operations on remittances in Sri Lanka through a strategic business partnership with Seylan Bank PLC.
Seylan Bank, PLC with the Paris-based, Tempo Money Transfer service company has successfully integrated the remittance platforms. This would enable remitters requiring service in Europe receive an EU Standard money transfer service.Seylan Bank, with a branch network of 159 strategically located branches in 25 regional districts and 9 provinces, provides easy access to fund recipients in Sri Lanka.
Sri Lankan Migrants in Europe, especially in France & Germany could remit funds from any Tempo location, to their families in Sri Lanka to be collected from any Seylan Bank branch or to the credit of any Seylan Bank account or any other bank account. Account holders of Seylan Bank could also withdraw cash 24 hours a day, 365 days through any of the 2,000 Visa accredited ATM’s located around Sri Lanka or purchase goods & services through any Visa accredited merchant in Sri Lanka.
Extensive location coverage, high quality service, latest IT systems and a broad spectrum of options which enable convenient access to all customers, makes the joint venture an important financial initiative for the country.
"This business partnership with Tempo is very important to Seylan Bank. We look forward to serving the large segment of Sri Lankan migrants living and working in European countries, particularly in Germany and France," said Mr Kamal Deshapriya – Assistant General Manager International Services for Seylan Bank.
“We are making great and diligent efforts in extending our network to the Asian and Oceania region,” said Mr. Jeffrey Phaneuf, the President for Tempo Money Transfer.
He reported that currently Tempo’s partnership arrangements provide services from over 4,300 locations in India, nearly 2,000 locations in Pakistan, and over 6,000 locations in the Philippines.In Europe, having been granted a pan-European money transfer license, Tempo Money Transfer operates in France and Germany. Tempo money transfers are presently available in more than 100 countries.