Seylan Bank, PLC one of the leading private banks in Sri Lanka and the Paris-based, Tempo Money Transfer service company have successfully completed integrations of their remittance platforms.
This would ensure remitters requiring service in the Europe to Sri Lanka corridor are provided with a EU-standard money transfer services.
Seylan Bank, network of 159 strategically located branches in 25 regional districts and 9 provinces, provides easy access to fund recipients in Sri Lanka.
Migrant Sri Lankans in Europe, especially in France & Germany could remit funds from any Tempo location, to their “loved Ones” in Sri Lanka for pick up at any Seylan Bank Branch or to the credit of any Seylan Bank account or credit any other Bank account.
Account holders of Seylan Bank could also draw cash 24 hours a day through any of the 2,000 Visa accredited ATM’s located around Sri Lanka or purchase goods & services through any Visa accredited merchants in Sri Lanka.
Extensive location coverage, high quality services, as well as a broad spectrum of options, coupled with the latest IT systems, makes the joint venture an important financial initiative throughout the country, given how fast the demand for quality services which is growing in the remittances field.
“This business partnership with Tempo is very vital to Seylan Bank. We look forward to serving the large segment of migrant Sri Lankans living and working in European countries, particularly in Germany and France,” said Mr Nain Marikar, Head of Remittance 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 provides service through over 4,300 locations in India, nearly 2,000 locations in Pakistan, and close to 6,000 locations in the Philippines.
In Europe, where it has been granted a pan-European money transfer license, Tempo Money Transfer operates branches in France and Germany. Its services are available in outlets of 60 agents.
Tempo money transfers are presently available in more than 100 countries.