Excellent for transferring money to underserved countries across Africa, Asia, Central, and Southern America. Over 3,500 partner banks and 100,000 cash pickup locations. Competitive exchange rates, but fees for lower-value transfers can be high.
Tempo is a French money transfer provider, allowing its customers to send money from nearly 20 countries to over 50 countries around the world. Unlike many of its competitors, Tempo provides comprehensive money transfer services to countries that are traditionally underserved by money transfer providers.
In Africa this includes Benin, Cameroon, Congo, Mali, and Togo, while in Asia they serve Kyrgyzstan, China, Tajikistan, and Uzbekistan, among others. Recipients can choose to receive money into their bank account or by picking up cash at a network of over 100,000 agents worldwide. Some locations also offer a courier delivery service.
Tempo has stores across central Europe, allowing customers to make in-person payments for currency transfers, in addition to a comprehensive online money transfer service. Transfers can be funded via debit card, credit card, or bank transfer. They offer competitive exchange rates, but their fees can be high if customers are only sending small amounts.
They have excellent customer service, online chat, and support available in 12 languages.
Yes. Tempo is an established, trusted provider of international money transfer services. They are authorized by the Prudential Control Authority and Resolution. They are also a member of the International Association of Money Transfer Networks. This is the only international trade organization that represents currency providers and the money transfer industry across the globe.
Tempo has a European Payment Service directive licenses and all activities are carried out in accordance with French and European regulations. They are licensed and approved by Banque de France. In 2016, the volume of transactions they processed was over four times as much as in the previous year.
They have a dedicated security and fraud prevention team and use highly-secure servers, IT training and security practices to protect customer data and funds. They use trusted European bank accounts and banking partners for transferring money and keep customer money separate from operational accounts.
WTempo also provides a 100% money back guarantee which protects all money transfers. If customers are not satisfied for any reason, Tempo will refund 100% of the fee paid.
Tempo’s money transfer process works as follows:
Customers will need the recipient’s first and last name as shown on their government-issued ID and their phone number. If customers want to deposit money directly into the recipient’s bank account, Tempo will need their full name, account number, routing number and/or IBAN and BIC.
A money transfer usually takes anywhere from a few minutes to four working days. This depends on the payment method you are using to fund your transfer, the country of the recipient, and how you are choosing to pay them.
|Time to open an account||A few minutes|
|Advanced currency contracts||No|
|Type of service provider||Online money transfer operators|