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On this new challenge, Tempo and Cebuana symbolize operational exercise and monetary settlement events whereas Armenotech helped combine the Cebuana IT infrastructure into the Stellar blockchain platform. By means of this partnership, folks will be capable of ship cash from Europe and choose up Philippine pesos at greater than 10,000 Cebuana areas throughout the Philippines.
Senders will pay at Tempo’s areas or they’ll leverage Tempo’s cell app and pay by card. Tempo officers cited by ffnews.com highlighted the necessity for additional comfort for Philippine nationals and the way this new challenge can leverage state-of-the-art applied sciences to supply an essential humanitarian function.
In addition they talked about the profitable funds sector of the Philippines in addition to the rising ranges of competitors that push corporations to deploy the most recent know-how and advertising devices. Tempo believes that the Stellar blockchain can symbolize an incredible benefit on this aggressive context.
In November 2022, Tempo France partnered with Spain-based Elsa Care Applied sciences in an effort to roll out cash transfers to the Philippines. By means of this collaboration, the 2 corporations allowed shoppers to ship cash by way of the Elsa.care app to the recipients’ financial institution accounts within the Philippines. The integrator of the technical platforms of the businesses was Armenotech, appearing as Tempo’s strategic accomplice in technological initiatives.
Armenotech officers cited by the identical supply famous how the know-how can guarantee excessive pace and reliability whereas minimising prices, and revealed that Armenotech and Tempo additionally plan to introduce B2B cost companies based mostly on the Stellar blockchain. In addition they emphasised the synergy between Armenotech and Tempo, and the way their partnership proves {that a} cost resolution firm and a acknowledged EU cost and remittances operator can work collectively within the aggressive cash switch sector.
Tempo France’s earlier partnership with Armenotech
In January 2023, Tempo France collaborated with Armenotech to enhance Stellar blockchain integration within the world sector. By means of this partnership, the 2 corporations dedicated to working collectively on varied enterprise ventures, together with joint participation in worldwide remittance initiatives, in addition to main new product launches within the cost market.
Armenotech grew to become a full-range IT infrastructure supplier for Tempo France, and a few of its most essential choices embrace Stellar blockchain-based processing and transaction monitoring. Tempo France officers highlighted the experience of Armenotech’s specialists, in addition to the capabilities of the Stellar platform. In addition they revealed their plans to supply their shoppers and companions with a brand new stage of effectivity, not simply with regards to transactions but in addition in different areas comparable to KYC, AML, fraud monitoring, CRM, and buyer loyalty programmes.
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