Advanced Payment Solutions, Armenotech and Tempo France form ecosystem on Stellar blockchain

The union of the three ambitious fintech market players will enable them to form an ecosystem based on the Stellar blockchain and successfully fulfill new strategic goals, including unique projects that bridge the gap between traditional finance and digital finance. The union came just a few months after Armenotech and Tempo France signed a strategic partnership agreement to jointly promote unique Armenotech solutions powered by the Stellar blockchain in the global payment and remittance market.

The companies believe that the solutions from Armenotech have the highest possible degree of security, lowest cost and full transaction transparency. Over the past 12 months, APS has intensively developed unique projects that build a bridge between traditional finance and digital assets. The products being developed enable business customers to convert traditional money into digital assets and vice versa.

“Modern financial technology does not stand still. Customers are increasingly showing a demand for services that enable them to manage both traditional and digital assets, by combining different payment methods. We have successfully used state-of-the-art Armenotech solutions to meet this demand. APS is now able to offer unique products that allow customers to convert fiat money into digital assets and back again, covering aspects including fraud protection, security, KYC and ALM. Implementation of the products has led to significant growth in the customer portfolio and positive financial indicators,” reported Serik Igbayev, CEO of APS.

He went on to say that the success of previous joint projects and the shared synergy in business development trajectories, as well as the growing demand for bridging services, have formed the basis of an ecosystem that includes Tempo as a corporate payment operator, Armenotech as a developer of Stellar-based IT products and APS as provider of financial services and broker. The IT platform will remain the Stellar blockchain.

The CBO of Armenotech, Daniel Gazaryan, said that the formation of this ecosystem and the creation of the new fintech group will enable the group to complete even more ambitious projects. “We now have an ecosystem that can successfully handle the entire range of tasks within digital and traditional finance, everything from payments and processing to
regulatory aspects and business development. We see our system fully automated.”

Gazaryan stated that this new ecosystem will see the group aim for new strategic goals. “We are looking at actively participating in three Central Bank Digital Currency (CBDC) projects, two of which are in Europe. It is a very promising market for digital assets and we have already taken the first steps along this path. Moving forward together with Tempo France and APS will give new momentum to this journey, he said.

Gazaryan also shared that the companies will jointly be able to proceed with the introduction of a new Euro-denominated stablecoin. “The modern market needs a new and regulated Euro stablecoin more than ever and we look forward to starting the project.” He said that the growing financial ecosystem will cope with the task successfully, and that according to internal estimates, the euro-nominated stablecoin market potential exceeds 80 billion euros.

The three companies believe that their union, and the pioneering projects the trio has undertaken, will enable them to fulfill another important goal: attracting investors to the growing digital finance industry.