Armenotech partners Tempo France and Cebuana
Cyprus-based Armenotech has partnered with Tempo France and Cebuana to support Stellar blockchain transfers in the Philippines.
In this new project, Tempo and Cebuana represent operational activities and financial settlement parties while Armenotech helped integrate Cebuana IT infrastructure into the Stellar blockchain platform. Through this partnership, people will be able to send money from Europe and pick up Philippine pesos at more than 10,000 Cebuana locations across the Philippines.
Senders can pay at Tempo’s locations or they can use Tempo’s mobile app and pay by card. Tempo officials quoted by ffnews.com highlighted the need for added convenience for Filipino citizens and how this new project can leverage state-of-the-art technology to provide an important humanitarian role.
They also mentioned the lucrative payments sector in the Philippines as well as the increasing levels of competition that push companies to adopt the latest technology and marketing tools. Tempo believes that the Stellar blockchain can represent a major advantage in this competitive context.
In November 2022, Tempo France partnered with Spain-based Elsa Care Technologies to roll out remittances to the Philippines. Through this collaboration, the two companies allowed clients to send money through the Elsa.care app to the recipients’ bank accounts in the Philippines. The integrator of the technical platforms of the companies was Armenotech, which acted as Tempo’s strategic partner in technological projects.
Armenotech officials cited by the same source noted how the technology can ensure high speed and reliability while minimizing costs, revealing that Armenotech and Tempo also plan to introduce B2B payment services based on the Stellar blockchain. They also emphasized the synergy between Armenotech and Tempo and how their partnership proves that a payment solutions company and a recognized EU payment and remittance operator can work together in the competitive money transfer sector.
Tempo France’s previous collaboration with Armenotech
In January 2023, Tempo France partnered with Armenotech to improve Stellar blockchain integration in the global sector. Through this partnership, the two companies committed to collaborate on various business ventures, including joint participation in international money transfer projects, as well as leading new product launches in the payments market.
Armenotech became a full-range IT infrastructure provider for Tempo France, and some of its key offerings include Stellar blockchain-based processing and transaction monitoring. Tempo France officials highlighted the expertise of Armenotech’s specialists as well as the capabilities of the Stellar platform. They also revealed their plans to bring their customers and partners a new level of efficiency not only when it comes to transactions, but also in other areas such as KYC, AML, fraud monitoring, CRM and customer loyalty programs.
