Future FinTech Labs and Currencycloud are partnering to launch a low-cost money transfer app, Tempo

By Edlyn Cardoza

Future FinTech Group Inc., a blockchain application technology developer and FinTech service provider, announced that Future FinTech Labs, a wholly-owned subsidiary of the company, has merged with Currencycloud Inc., a subsidiary of Visa and a global payment platform registered with FinCen and is licensed for money transfer in various states of the United States, to launch the money transfer app Tempo to offer US-based immigrants and others a streamlined, secure and cost-effective way to send money from the United States to North America (Canada and Mexico) ), Europe (Austria , Belgium, the Czech Republic, France, Germany, Hungary, Italy, Poland, Portugal, Spain, Sweden and the United Kingdom), Australia, India and the Philippines.

Lewis NurcombeSales Director, Currencycloud, commented: “Migrants in the US should be able to send money across borders without friction and without prohibitive costs. A fintech company like Future FinTech Labs understands the needs of working people who want to send money to family and friends, and as such succeeds in imagining how the money flows for this huge market.”

By partnering with Currencycloud and other service providers, FTFT Labs can provide its customers with a multi-currency digital wallet that makes it easier and more cost-effective to send money to the aforementioned countries than many other remittance services that charge high fees per transfer. Most importantly for FTFT Labs, the Tempo app is a money transfer service that users can trust, with features that make moving money seamless and with in-app customer support at their fingertips. Tempo’s conversion tool means users can transfer payments to foreign accounts after currency conversion and hold foreign currency for users’ convenience; Tempo’s Funds feature allows users to easily add funds to the digital wallet.

Sean LiuCEO of FTFT Labssaid of the launch, “Tempo represents a simple, fast and secure way to transfer money across borders. Working with Currencycloud and using the breadth of their services, it allows us to offer our customers a seamless product from start to finish. We are confident that we make remittance a seamless process for our end users.”

By continuously adding new features to the app, FTFT Labs aims to bring the most innovative, user-friendly payment services to the fingertips of an often overlooked market: American immigrants.